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Gas Handing-over in Azerbaijan Rises 19% in Jan-Jul

Oil&Gas Materials 9 August 2008 11:33 (UTC +04:00)

Azerbaijan, Baku, 8 August / Trend / From January to July, 2008, 6.2bln cu m of gas was handed over in Azerbaijan, including over 3.9bln cu m of gas delivered by the State Oil Company of Azerbaijan (SOCAR), which produced gas through its own funds.

From January to July, the rest 2.2bln cu m was the associated gas, which is produced by the Azerbaijan International Operating Company (AIOC) together with oil from the Azeri-Chirag-Gunashli fields and the Shah Deniz field.

About 911.2mln cu m of gas was supplied to the government in July, with over 570.1mln cu m from SOCAR and 341mln cu m from AIOC and Shah Deniz.

Under the PSA contract, signed in 1994, AIOC transfers associated gas, lifted together with oil from the Azeri-Chirag-Gunashli fields, to Azerbaijan free of charge (excluding volumes that AIOC needs for the conduct of oil and gas operations under the agreement).

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