In 2015 Azerbaijan increased tanks gas extraction, Rakhman Gurbanov, told SOCAR Vice President for Oil & Gas Extraction and Transportation.
He added that this year tank gas extraction has reached 18.9 billion cub.m., about 0.2 billion cub.m. more than last year.
SOCAR Vice President said that extraction of natural gas from the Shah Deniz field and associated gas from the bloc of fields Azeri-Chirag-Guneshli (ACG) has increased. “In 2015 9.9 billion cub.m. of tank gas has been extracted from the Shah Deniz field. Total volume of gas extraction in Azerbaijan has reached 29.4 billion cub.m.”
Tamam Bayatly, chief of BP-Azerbaijan company’s Public Relations Department, said at the end of December 2015 that despite three-week break in August due to the preventive works, the volume of extraction on the Shah Deniz Phase 1 is expected to grow.
She said that at present about 29 million cub.m of gas a day is extracted on the field. “During 11 months, 2015 Azerbaijan has exported 6 billion cub.m. of gas from the Shah Deniz Phase 1. This is up 1.6% against the same period last year. In 2014 total volume of gas export from the field totaled 6.5 billion cub.m. These figures give the reason to claim that in 2015 extraction from the Shah Deniz Phase 1 will exceed the indexes of 2014. In 2014 gas extraction from the Shah Deniz Phase 1 totaled 9.8 billion cub.m.”—0—
Economics
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But Putin Says It's "Virtually Impossible" Due to Zelensky's Position Slovak Prime Minister Robert Fico visited Moscow on Sunday to discuss energy issues, becoming the third EU country leader to hold talks with Vladimir Putin since Russia's 2022 invasion of Ukraine. Prior visits include Austrian Chancellor Karl Nehammer in April 2022 and Hungarian Prime Minister Viktor Orbán in July 2024. Slovakia is also a NATO member.
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Environmental, Social, and Corporate Governance (ESG) principles have emerged as a transformative force in modern business practices, reshaping priorities across industries. This was a key theme highlighted by Orkhan Mammadov, Chairman of the Management Board of the Small and Medium Business Development Agency (KOBIA), at the conference "Labor Relations, Occupational Safety, and Human Resources as Key ESG Approaches," held on Monday in Baku.
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A detailed review of legislative norms and e-government services across various business environment domains has been prepared and published by the working group of the Business Environment and International Ratings Commission, focusing on electricity network connections.
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The draft law "On Amendments to the Tax Code," adopted in its third reading, provides for tax exemptions on the sale of locally manufactured buses in Azerbaijan and the supply of spare parts for these vehicles. This was reported by the Tax Service under the Ministry of Economy, explaining that the government's initiative aims to support business development in the country by reducing the tax burden. The exemption will come into effect on January 1, 2025, and will remain valid for eight years.
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