Berdymuhamedov Instructs Prosecutor General's Office, Central Bank to Analyze Work of Fuel, Energy Enterprises
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- Economics
- 4 December 2020 11:01
Energy
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Azerbaijan plans to import between 30,000 and 50,000 tons of AI-92 gasoline in December. This volume is necessary to ensure a stable supply of this petroleum product to meet the country’s needs amid the ongoing scheduled maintenance at the Baku Oil Refinery.
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Oil production in Azerbaijan (including gas condensate) will average 580,000 barrels per day until 2027, the international rating agency S&P Global Ratings.
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The State Oil Fund of Azerbaijan (SOFAZ) received $416.2 million in revenue from the Shah Deniz gas field development in the Azerbaijani sector of the Caspian Sea during January-November of this year. It should be noted that SOFAZ receives profits from the state under PSA (Production Sharing Agreement) contracts for the development of oil and gas fields.
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Artificially accelerating the energy transition could cause serious environmental damage, the Vice President of BP-Azerbaijan for Communications and External Relations, Bakhtiyar Aslanbeyli, stated at an international scientific conference on "Sustainable Environment: Transition to Green Energy" in Baku.
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