In January and February 2016 gas production in Azerbaijan totaled 4,945,200,000 cub.m.. According to the Azerbaijan State Statistical Committee, gas production increased by 2.5% against the same period last year.
During this period tank gas production in the country totaled 3,154,700,000 cub.m. (decline by 8.3%).
In January produced 1,602,100,000 cub.m. of tank gas, while in February 1,522,600,000 cub.m. In January 2016 average volume of tank gas production totaled 51.68 mcm, while in February – 53.54 mcm.
In 2015 Azerbaijan extracted 29,742,700,000 cub.m. of gas. The tank gas production totaled 18.9 bcm.—0—
Economics
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Turkey is in talks with the United States seeking an exemption from sanctions imposed on Russia’s Gazprombank, a key financial institution for energy transactions, to maintain gas payments to Russia, Energy Minister Alparslan Bayraktar said on Tuesday.
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Kazakhstan is charting an ambitious course to transform its oil export infrastructure, aiming to increase annual shipments via the Baku-Tbilisi-Ceyhan (BTC) pipeline by more than thirteenfold—from the current 1.5 million tons to an estimated 20 million tons. The bold strategy, presented by Energy Minister Almasadam Satkaliyev during a parliamentary session, underscores Kazakhstan’s intent to become a major player in the energy supply chain stretching from Central Asia to Europe.
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Two new vice presidents have been appointed at BP's Azerbaijan, Georgia, and Turkey (AGT) region division, according to a press release from BP-Azerbaijan.
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Data on Azerbaijan's oil exports for January-October 2024 reveals a significant drop in both volume and value compared to the same period last year, highlighting the challenges facing the oil-dependent economy. The country exported 495,484.05 tons of oil products worth $309.02 million, a decrease of 40.3% in value and 40.7% in volume compared to 2023, when exports totaled 925,225.07 tons worth $572.21 million.
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