During three quarters this year State Oil Company of Azerbaijan (SOCAR) has extracted 5.15 billion cub.m. of tank gas. Tank gas production increased by 30 million cub.m. against the same period last year, according to the data posted on SOCAR’s official web site.
The same source reported that in September 2013 SOCAR extracted 557.3 million cub.m. of gas against 551.2 million cub.m. of gas during the same period in 2012.
Gas production increase has been achieved at the expense of drilling and putting into operation of several gas wells by SOCAR on its offshore fields since early this year.
During 2012 SOCAR extracted 7.46 billion cub.m. of tank gas against 7.08 billion cub.m. in 2011.—0---
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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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.
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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.
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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.
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