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18.01.2016 16:51

Minister: In 2015, Azerbaijan ensured stability in oil production and increase in gas production

Azerbaijan ensured stability in oil production and increase in gas production in 2015, Azerbaijan’s Energy Minister Natig Aliyev said in an article posted in “Respublika” newspaper.

According to him, 41.6 mln tonnes of oil were produced in the country in 2015 (forecast was 40.7 mln tonnes). Of this, 31 mln tonnes were produced in ACG, 2.3 mln tonnes in Shahdeniz (condensate) and 8.2 mln tonnes by SOCAR.

He noted the country exported 35.1 mln tonnes: “Baku-Tbilisi-Ceyhan, of which daily transportation makes 1.2 mln barrels, transports ACG oil, Shandeniz condensate, Turkmen and Kazakh oil”.

Aliyev said that Azerbaijan’s gas production made 29.1 bcm in 2015: “Of this, 22.2 bcm have been extracted from ACG (12.3 bcm) and Shahdeniz (9.9 bcm). So, Shahdeniz gas production exceeded forecast by 14.2 mcm. Currently, Azerbaijan’s daily production makes 120,000 tonnes of oil and 89 mcm of gas”.

He says gas forecast on SOCAR for next year makes 6.3 bcm, Shahdeniz 10.1 bcm, and ACG 12.9 bcm.

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