REAL SECTOR

FEC

Р°) Production

Oil and gas production by SOCAR in January to November of 2005


Oil

(ths. tons)

November 2005

January-November 2005

January to November 2004

Fact

Plan

fact

%

Fact

%

Total

733,2

8007

8210,9

102,5

8231,3

99,8

OGPU

647

7248,5

7306,5

100,8

7361,2

99,3

Gas

(in mln. cu m )

86,2

758,5

904,4

119,2

870,1

103,9

Total

SOCAR

556,6

4715,2

5241,1

111,2

4577,3

114,5

OGPU

322,6

3568,1

3590,4

100,6

3662

98

AIOC

312,9

3481,9

3494,2

100,4

3549,3

98,4

Total

9,7

86,2

96,5

111,6

112,7

85,4

OGPU

234

1008,9

1650,7

143,9

915,3

180,3

Source: SOCAR

No principle changes were observed in the structure of oil production. Data by SOCAR testify on inconsiderable drop in oil and gas production. In January to September 2005 the State Oil Company of Azerbaijan (SOCAR) produced 8,210,900 tons of oil from onshore and offshore fields or 20,400 less as compared 2004. The onshore and offshore oil and gas producing units (OGPU) of the SOCAR produced a total of 7306.5 tons of oil, or 54,700 tons (or 0.7%) down as compared to 2004.

In January to November 2005 the foreign companies under the joint ventures and operating companies lifted 904,400 tons of oil, or 34,300 tons (or 3.9%) more as compared 2004.

In January to November 2005 gas production amounted 5241.1 million cu m of natural gas, or 663.8 million cu m (or 14.5%) more than 2004. 3590.4 million cu m of gas production fell to the SOCAR, which is 71.6 million cu m less than 2004. JVs and OCs produced 96.2 million cu m of gas in this period, or 16.5 million cu m less than 2004. The Azerbaijan International Operating Company (AIOC) produced 1650.7 million cu m of associate gas, or 735.4 million cu m of fuel more as compared 2004

Р±) Oil and Gas refinery

Production of major types of oil products in January to November 2005

In ths tons

January-November 2005

By January-November

2004 РІ %

Stock 01.12.05

Automobile petroleum

819,4

105,4

27,1

Aviation kerosene

676

115,7

16,4

Fuel mazut

2765,7

120,9

88,2

Diesel fuel

1905,2

116,2

53

Oil bitumen

116,2

121

1,1

Oil coke

Lubricating oil

41,6

92,7

19,1

Naphta

327,3

122,7

1,2

Source: State Statistics Committee

Baku-based oil refinery plants, including the Heydar Aliyev State Oil Company of Azerbaijan (SOCAR) and Azerneftyag, increased the production of major oil products in January to November 2005 as compared to 2004 and produced 6651,400 tons of different oil products, or 5427,400 tons more than 2004.

The production of gasoline went up by 5.4%, avia kerosene -15.7%, fuel mazut 20.9%, diesel mazut 16.2%, oil bitumen 21%, naphta - 22.7%, the State Statistics Committee told Trend. Only production of the lubrications decreased by 7.3%.

РІ) Sale

In January to November 2005 the Department of the Marketing and Economic Operations (DMEO) of the State Oil Company of Azerbaijan (SOCAR) exported 915,800 tons of various oil products from the Heydar Aliyev Oil Refinery (former Azerneftyanajag), or 68,400 tons more as compared 2004.

In November the export of oil products by DMEO SOCAR was 94,700 tons, or 12,400 tons more as compared October 2005.

According to SOCAR, in November the oil products were sold at the following prices in the world market (FOB MED (Italy)): gasoline $482,56 per ton (-$83.34 per ton against October price), jet kerosene $537.84 per ton (-$86.48 per ton), diesel fuel - $495,63 per ton (-$73.88 per ton), the price of 1 ton of mazut was $277.48 per ton (-$23.01 per ton).

Export of oil products from Azerbaijan in January to October 2005 (in ths tons)

Oil Products

Aznefteyanajag

Azneftyag

November

В± October

Jan.Nov

November

В±October

JanNov

Diesel fuel

54,6

6,2

409,1

59,3

-6,8

711,5

Kerosene

7,5

-18,6

141,9

Gasoline

22,1

-3

269,4

Butan

-

-0,2

12,1

Coke

Mazut

10,5

3,3

83,3

7,3

-27,6

276,5

Bitumen

3,4

-0,7

28,9

Lubricant

3,9

-0,8

21,3

Naphta

Other oil products

7,7

2

54,8

Total

94,7

-12,4

915,8

81,6

-32,8

1093

2. . Power engineering

In January to November 2005 Azerenergy produced over 20,051 billion kW/hour of energy. The thermo-power stations produced 17,359bn KW/h of the total, while hydro-power station - 2,692bn KW/h.

In November Azerenergy produced over 2,042 billion kW/hour of energy. Hydropower stations produced 296 million kW/hour of energy, while the thermo-power stations 1.746bn KW/h

3. Chemical industry

Azerkimya state company increased production of some chemical products, particularly, caustic sodium (2.9%), oxide of chlorine (14.3%) and nitrogen (15%) in January to November 2005 as compared to 2004.

Production of major types of chemical products in January to November 2005

Products

Production in January-November 2005 1000 ton

As compared to

January-November 2004, %

Volume of ready products for

01.12.2005

Nitrogen (m. cub. m.)

8,4

115

Caustic sodium (1000 ton)

23,5

102,9

0,3

Propylene (1000 ton)

28,4

94,3

0,1

Ethylene (1000 ton)

54,8

98,1

Polyethylene (1000 ton)

52,8

99,2

0,5

Isopropyl alcohol (1000 ton)

19,9

96,5

3,3

Paintwork material (ton)

1509,2

153,2

150,7

Oxide of chloride (1000 ton)

7,2

114,3

0,4

Source: the State Statistics Committee

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