In quarter 1, 2016 SOCAR Gas (SOCAR’s daughter company SOCAR Turkey Energy) sold 330.4 mcm of gas to the amount of $84.2 million at Turkey’s local market, Vagif Aliyev, chief of SOCAR’s Investments Department, said yesterday at the meeting with local NGOs.
“In quarter 1, 2016 sale of SOCAR’s natural gas in Turkey totaled 330.4 mcm. Total income from gas sales reached $84.2 million,” he added.
According to the agreement with the Turkish side, in 2016 the volume of gas, which SOCAR could sell at Turkey’s local market, totaled 1.2 bcm.
The company supplies Petkim petrochemical complex with gas.
At the end of 2014 SOCAR Gas received a license from Turkish regulating agencies for sale of gas at the local market.—0—
Economics
-
Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
-
The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
Leave a review