Free Sale of Gas on Onshore for Azerbaijan by Foreign Operation Companies not Restored
Азербайджан, Баку /корр. Trend / Anshad Petrol Joint Stock Company (JSC) and Gobustan Operating Company sold 18.35mln cu m. of vacant gas to the State Oil Company of Azerbaijan Republic (SOCAR), in October to November 2007, or 6.29mln cu m less than in the same period of 2006.
JSC began to sell gas in May 2004 in the volume of 2mln cu m. SOCAR purchases gas from Anshad Petrol and transfers it to Azerigaz Close Joint Stock Company, which, in turn, distributes the fuel via Aztransgaz within Azerigaz. GOC sells gas to SOCAR at $1.33/1mln. BTU ($1.33/1mln BTU - nearly $47.4/1,000 cu m).
Gobustan Operating Company (GOC) developed Southwest Gobustan under the PSA agreed with SOCAR. The company began selling free gas in February 2006. In GOC, 80% of its stock belongs to the Commonwealth Gobustan Limited and 20% to SOCAR. In Commonwealth Gobustan Limited 37.17% of its stock belongs to Arawak Energy and 62.83% to the China National Petroleum Company.
Anshad Petrol produces gas in the wells of the contract area 'Neftchala', 'Hilli', and 'Babazanan'.
Anshad Petrol JV was created in 1993 by SOCAR and Atilla Dogan Petrol of Turkey on the basis of former OGEU Neftechalaneft. In 1994-1996 Anshad Petrol was operated by Atilla Dogan Petrol, but since 1997 this duty was undertaken by SOCAR. In 1995 Land and General Berhad joined the project through purchasing 17.15% of Atilla Dogan Petrol's stock.