Head of OMV Supports Gas Transit from Azerbaijan via Ukraine

In 2024, the production of condensate in Azerbaijan amounted to 5 million 292.34 thousand tons, by 1.7% higher than  in 2023, the  report of the State Statistics Committee of the Republic of Azerbaijan.

The production of associated gas in Azerbaijan in 2024 amounted to 15 billion 112.09 mcm, the  report of the State Statistics Committee's of the Republic of Azerbaijan. According to statistical data, the production of associated gas increased by 0.2% compared to 2023. Of this volume, 3 billion 804.91 mcm was marketable gas (an increase of 6.7%).

The Supervisory Board of the State Oil Company of Azerbaijan (SOCAR) has approved the company's budget for 2025,  the press service of SOCAR  reported yesterday. At the meeting, which was chaired by the Minister of Economy Mikail Jabbarov (who is also the chairman of SOCAR's Supervisory Board), the budget project for 2025 was presented by SOCAR's president Rovshan Najaf and vice president of economics, Zaur Gurbanov. Other issues related to the company's activities were also discussed at the meeting. SOCAR did not announce how its revenues and expenditures will change this year.

In 2024, Georgia purchased electricity from Azerbaijan worth $10.97 million, which accounted for about 47% of the country’s total electricity imports,  the monthly report of the National Statistics Service of Georgia. According to the statistical data, Tbilisi imported more than 1.2 billion kWh of electricity worth over $23.4 million last year.