From January to September 2014 $3,168,000,000 has been invested into development of the Shah Deniz field.
According to the report of BP-Azerbaijan company (the project operator), investments into development of the gas condensate field increased by 2.1 times against the same period last year.
During 3 quarters this year operating costs of the consortium totaled $371 million, while capital costs - $2,797,000,000.
The corrected forecast of costs of the project in 2014 is $4.32 billion, of which $435 million is planned to be spent for the operation costs and $3,885,000,000 for the capital outlays.
From January to September 2014 7.25 billion cub.m. of gas (decline by 0.7%) and 1.72 million tons of condensate (decline by 7.1%) was extracted from Shah Deniz.
From January to September 2014 average daily production totaled 26.6 million cub.m. of gas and 50,045 barrels of condensate.
During the entire period of the field operation since the end of 2006 till the end of quarter 3, 2014 a total of 55.2 billion cub.m. of gas and 14.2 million tons of condensate has been extracted.—0--
Economics
-
On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
-
Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
-
Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
-
While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
Leave a review