A breakthrough in oil and pure gasoline! Precisely 34.4 billion cubic meters

Azerbaijan Ministry of Power introduced the pure gasoline and oil manufacturing and export quantities within the nation for the interval of January-September 2022. Within the first three quarters of 2022, Azerbaijan elevated its pure gasoline manufacturing by 8.6 % or 2.7 billion cubic meters in comparison with the identical interval of 2021. Thus, the nation produced 34.4 billion cubic meters of gasoline within the reporting interval. Azeri-Chirag-Guneshli discipline block accounted for 10 billion cubic meters of complete pure gasoline manufacturing, Shah Deniz produced 18.5 billion cubic meters, whereas SOCAR produced 5.9 billion cubic meters of gasoline.

GIANT RISING IN NATURAL GAS PRODUCTION

As well as, gasoline gross sales overseas reached 16.3 billion cubic meters, which is 22.6 % greater than in the identical interval of 2021. In keeping with Star; Since their commissioning by October 1, 2022, roughly 200 billion cubic meters of gasoline have been produced from the Azeri-Chirag-Guneshli discipline block and greater than 176 billion cubic meters from the Shah Deniz discipline. Since its commissioning, 122.6 billion cubic meters of gasoline has been exported from the Shah Deniz discipline.

BALANCE SHEET IN OIL PRODUCTION: FULLY 599 MILLION TONS

In January-September 2022, roughly 24.5 million tons of oil, together with condensate, was produced in Azerbaijan. Azeri-Chirag-Guneshli discipline block produces 15.4 million tons of oil and Shah Deniz produces 3.3 million tons of condensate. SOCAR’s oil manufacturing, together with condensate, was 5.8 million tons.

Within the reporting interval, 19.7 million tons of oil together with condensate was exported. The consortium was chargeable for roughly 18.6 million tons of oil exports, whereas SOCAR was chargeable for 1.1 million tons of oil exports. For the reason that Azeri-Chirag-Guneshli and Shah Deniz fields have been put into operation by October 1, 2022, roughly 600.9 million tons of oil together with condensate was extracted from ACG and 39.1 million tons of condensate from Shah Deniz. As well as, 599 million tons of oil have been exported. On the finish of 9 months of 2022, Azerbaijan has refined 4.5 million tons of oil.

AZERİ-ÇIRAK-GUNESHLI AND SHAH SEA AREAS

The contract for the event of the ACG oil fields was signed on September 20, 1994 and entered into power in December. The ACG block growth contract was prolonged in September 2017 till 2050. Shareholders of the ACG challenge are BP (operator, 30.37%), SOCAR (25 %), MOL (9.57%), INPEX (9.31 %), Equinor (7.27%), ExxonMobil (6.79%) , TPAO (5.73 %), ITOCHU (3.65 %), ONGC Videsh Restricted (OVL) (2.31 %).

The contract for the event of the Shah Deniz gasoline discipline was signed in 1996. Shareholders of the Shah Deniz challenge are BP (working 29.99 %), LUKOIL 19.99 %, TPAO 19 %, SOCAR 14.35 %, NICO (10 %) and SGC (6.67 %)

It might curiosity you → Consumers from financial institution promotion consideration: Refunds could also be requested! ‘Contract’ element in retirement promotion → CLICK HERE

.
#breakthrough #oil #pure #gasoline #billion #cubic #meters