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Real sector

Politics Materials 9 February 2007 12:04 (UTC +04:00)

1. Production

Р°) Oil and Gas production

Oil and gas production by SOCAR in 2006

Oil

(ths. tons)

December

January-December

2006

2006

2005

%

Total

756,68

8993

8967

100,3

OGPUs of SOCAR

655,27

7841

7829

100,2

JVs and OCs

101,41

1152

1138

101,3

Gas (in mln cu m)

Total

668,93

6825

5818

117,3

OGPUs of SOCAR

444,14

4341

3799

114,3

JVs and OCs

11,59

114,58

130,77

87,6

AIOC

205,90

2301

1887

121,9

In 2006, the State Oil Company of Azerbaijan (SOCAR), Operating Companies (OC) and Joint Ventures (JV) produced 8.99mln tons of oil from onshore and offshore fields of the Country, which is by 26,300 tons (0.3%) more than was produced in 2005.

Over 2006, foreign companies within the joint ventures (JV) and operating companies (OC) produced 7.84mln tons oil, which is by 11,870 tons (0.2%) more than was produced in 2005.

During this period the oil and gas production units (OGPU) of SOCAR produced a total of 1.15mln tons of oil, or 12,460 tons (1.3%) more as compared to 2005.

According to SOCAR, in 2006, the total gas production in Azerbaijan comprised of 6.82bln cu.m. or 1bln cu.m. (17.3%) more as compared to 2005. The oil and gas production units of SOCAR produced 4.34bln cu.m. of gas, or 541.89mln cu.m. (14.3%) more as compared to 2005. JV and OC produced 114.58mln cu.m. of gas in 2006, or 16.19mln cu.m. (12.4%) less than in 2005.

During this period the Azerbaijan International operating Company (AIOC) produced, from the Azeri-Chirag-Gunashli field, 2.3bln cu.m. of associated gas, or 414.16mln cu.m. more as compared to 2005.

There are 57 oil and gas fields in Azerbaijan, including 18 offshore. SOCAR staff consists of 59,170 employees.

b) Oil and Gas Refinery

Production of oil products in Azerbaijan in 2006

December

January вЂ" December 2006

January вЂ" December 2005

Change pace

Fact

Fact

%

"+,-"

Oil refinery in total

655,15

7450,71

7392,25

100,8

58,46

Heydar Aliyev ORP

406,05

4278,78

3923,05

109,1

355,73

Azneftyag ORP

249,10

3171,93

3469,20

91,4

-297,27

Petrol in total

116,31

1344,98

1167,25

115,2

177,73

Gasoline

99,98

1042,66

906,27

115,0

136,39

Naphta

16,33

302,32

260,98

115,8

41,34

Including for chemistry

16,32

272,35

246,99

110,3

25,36

Kerosene KO-20 вЂ" in total

15,22

43,90

117,07

37,5

-73,17

Aliyev ORP

0,00

0,00

0,00

0,0

0

Azneftyag ORP

15,22

43,90

117,07

37,5

-73,17

Diesel fuel in total

150,85

2095,10

2098,57

99,8

-3,47

Aliyev ORP

108,49

1184,36

1087,36

108,9

97,00

Azneftyag ORP

42,36

910,74

1011,21

90,1

-100,47

Stove mazut in total

187,69

2231,95

2421,60

92,2

-189,65

Aliyev ORP

170,72

1639,01

1623,15

101,0

15,86

Azneftyag ORP

16,97

592,94

798,45

74,3

-205,51

Oil bitumen

3,98

75,63

36,82

2,1 раза

38,81

Lubricants

4,86

69,85

122,84

56,9

-52,99

The State Oil Company of Azerbaijan (SOCAR) informed Trend that the total amount of oil refinery at Azerbaijani oil refinery plants made up 7.45mln tons in January to December 2006, an increase of 58,460 tons, or 0.8% from 2005.

Some 4.28mln tons of total production fell on the Heydar Aliyev ORP, or 355,730 tons up against 2005.

Some 3.17mln tons fell on Azneftyag ORP, 297,270 tons less than 2005.

c) Sale

In January to December 2006 the Marketing and Economic Operations Department (MEPD) of the State Oil Company of Azerbaijan Republic (SOCAR) has exported 2,925,700mln ton of oil products against 1,998,303 tons in the same period of 2005, Trend reports.

In December 2006, 172,472 tons of oil products were exported from oil refinery plants of Azerbaijan.

The most part of the export fell on diesel oil, which made up 1,406,180 tons, mazut вЂ" 870,635 tons, gasoline вЂ" 338,939 tons, jet kerosene вЂ" 216,993 tons, naphtha вЂ" 29,965 tons, lubricating oil вЂ" 44,023 and bitumen вЂ" 17,845 tons.

The most expensive oil product in November was jet kerosene, which cost $605.50 per ton. The price of petrol in December was $548.58, diesel fuel - $546.95, mazut - $254.38.

The comparative table of export oil products of SOCAR (in ths tons):

Oil product

December 2006, in tons

January вЂ"December 2006, ths tons

Diesel oil

125,799

1406,18

Mazut

0,114

870,535

Gasoline

27,471

338,939

Aviation kerosene

13,112

216,993

Naphtha

29,965

Lubricating oil

4,795

45,23

Bitumen

1,181

17,845

2. Power Engineering

In 2006, Azerenerji JSC produced 23.8 bln kVt electric power, Trend reports with reference to the JSC statement. This figure is a record for Azerbaijan, with an increase of 1.5 bln kVt from 2005. Some 21.3 bln kVt of electric power was passed through the thermal electric station and 2.5 bln through hydro-electric power stations.

In 2006, the exchange of the electric power was realized with the neighboring countries. Some 0.7 bln kVt was received from Russia, 0.6 bln from Iran, 0.3 bln from Turkey and 0.05 bln from Georgia.

In December 2006, Azerenerji JSC produced nearly 2.5 bln kVt electric power, with 2.3 bln kVt of electric power through the thermal electric station and 0.2 bln through hydro-electric power stations. In December 2006, some 48.3 mln kVt was received from Russia, 84.9 mln from Iran, 36.1 mln from Turkey and 12.4 mln from Georgia.

On 31 December Azerenerji produced 84.6mln KW/h, which fully covered the demand.

3. Chemical Industry

In 2006, Azerkimiya State Company increased production as compared to the same period of 2005.

In 2006 the Company increased the production of hydrate of sodium (by 26.1%), polyethylene (by 31.9%), nitrogen (12%), ethylene (32%) and polyethylene (32.8%), Trend reports quoting the State Statistics Committee.

Production of key types of chemical products for 2006:

Products

Production in 2006, in ths ton

Relevant to 2005, %

Volume of rests of annual products as of 1 Jan .2007

Nitrogen (mln. m3)

11,1

112

hydrate of sodium (Ths.t)

33,24

126,1

0,2

Propylene (ths. t)

38,52

131,9

0,3

ethylene (ths. t)

72,6

132

polyethylene (ths. t)

70,4

132,8

1,1

Isopropyl alcohol (ths. t)

24,2

102,1

0,1

varnish-and-paint products (ths. t)

1558,4

76,8

275,4

Chlorine oxide (ths. t)

7,5

123

0,3


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