Azerbaijan Ministry of Power introduced the quantity of pure fuel and oil manufacturing and export within the nation within the January-September 2022 interval. Within the first quarter of 2022, Azerbaijan elevated its pure fuel manufacturing by 8.6 p.c or 2.7 billion cubic meters in comparison with the identical interval of 2021. Thus, the nation produced 34.4 billion cubic meters of fuel within the reporting interval. Of the overall pure fuel manufacturing, 10 billion cubic meters of Azeri-rak-Gneli area block and 18.5 billion cubic meters of ah Deniz accounted for, whereas SOCAR produced 5.9 billion cubic meters of fuel.
GIANT’S ETHICS IN NATURAL GAS REDUCTION
As well as, fuel gross sales overseas reached 16.3 billion cubic meters, which is 22.6 p.c greater than in the identical interval of 2021. Since their commissioning by 1 October 2022, roughly 200 billion cubic meters of fuel have been produced from the Azeri-Raq-Gneli area block and greater than 176 billion cubic meters from the ah Deniz area. Since its commissioning, 122.6 billion cubic meters of fuel has been exported from the Ah Deniz area.
OIL RETMNDE BLANO: EXACTLY 599 MILLION TONS
In January-September 2022, roughly 24.5 million tons of oil, together with condensate, was produced in Azerbaijan. The Azeri-rak-Gneli area block produces 15.4 million tons of oil, and ah 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 answerable for roughly 18.6 million tons of oil exports, whereas SOCAR was answerable for 1.1 million tons of oil exports. For the reason that Azeri-rak-Gneli and Ah Deniz fields had been put into operation till October 1, 2022, roughly 600.9 million tons of oil, together with condensate, and 39.1 million tons of condensate from Ah Deniz have been collected. As well as, 599 million tons of oil was exported. On the finish of the 9 months of 2022, Azerbaijan has refined 4.5 million tons of oil.
AZER-IRAQ-GNEL AND AH DENZ AREAS
The contract for the event of the ACG oil fields was signed on 20 September 1994 and entered into pressure in December. The ACG block improvement contract was prolonged in September 2017 to 2050. Shareholders of the ACG venture are BP (operator, 30.37 p.c), SOCAR (25 p.c), MOL (9.57 p.c), INPEX (9.31 p.c), Equinor (7.27 p.c), ExxonMobil (6.79 p.c) , TPAO (5.73 p.c), ITOCHU (3.65 p.c), ONGC Videsh Restricted (OVL) (2.31 p.c).
Ah The contract for the event of the offshore fuel area was signed in 1996. The shareholders of the ah Deniz venture are BP (29.99 p.c because the operator), LUKOIL 19.99 p.c, TPAO 19 p.c, SOCAR 14.35 p.c, NICO (10 p.c) and SGC (6.67 p.c).
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