Review of oil, gas operations in Azerbaijan in January-February 2020

Review of oil, gas operations in Azerbaijan in January-February 2020

BAKU, Azerbaijan, March 30

By Nargiz Ismayilova – Trend:

Azerbaijan's State Statistical Committee has published review of data on oil and gas operations in the country, Trend reports referring to the Committee's report.

1. FEC

а) Oil and Gas Production

Azerbaijan produced almost 6.1 million tons of oil and gas condensate in January-February 2020, which is 3.8 percent less than in the same period of 2019, according to the report.

Output of gas production in Azerbaijan stood at almost 6.6 billion cubic meters, including 4.7 billion cubic meters of commercial gas in January-February 2020. In annual terms, these figures increased by 10.3 percent and 16 percent respectively.

Reserve of finished product (oil) in Azerbaijan stood at 217,000 tons by March 1, 2020.

The main oil output in Azerbaijan accounts for the Azeri-Chirag-Gunashli (ACG) block of oil and gas fields.

In January-February 2020, the Dan Ulduzu structure interpreted the data obtained after seismic acquisition. In order to consider this structure as a field, it is necessary to conduct appropriate geological exploration work to determine its potential. It is planned to ship the Dede Gorgud rig to drill an exploratory well at the Aypara structure, where seismic acquisition was carried out at the end of last year. The drilling work will last approximately two months.

Azerbaijan approved a deal on the purchase by the Hungarian energy company MOL of the share of American Chevron in the development of a block of ACG deposits in the Azerbaijani sector of the Caspian Sea and in the Baku-Tbilisi-Ceyhan (BTC) pipeline.

The Black Sea Bank for Reconstruction and Development (BSTDB) transferred to SOCAR AQS funds for the purchase of production equipment.

b) Processing

Azerbaijan produced 539.1 million tons of oil products in January-February 2020, which is 11.3 percent more than in the same period of 2019, Azerbaijan's State Statistics Committee said in a report.

SOCAR, which is the sole producer of oil products in Azerbaijan, is currently modernizing its processing facilities as the fuel consumption has increased in the country.

Monthly aggregate output of oil products in February fell by 2.2 percent against monthly increase in such products as oil bitumen by 5.3 percent.

Azerbaijan's output of oil products in 2020:

Oil products

Jan.-Feb. 2020 (1,000 tons)

Jan.-Feb. 2019 (1,000 tons)

Gasoline

230,000

115,100

Naphtha

44,100

82,100

Kerosene

100,100

96,700

Diesel fuel

371,800

109,500

Fuel oil

19,900

210,000

Lubricants

5,300

220,000

Oil bitumen

30,200

124,300

Oil coke

39,500

98,800

2. Chemical complex

Azerbaijan produced over 1,672 tons of paint products in January-February 2020, which is 1.7 times less than in the same period of 2019, says a report of the country's State Statistics Committee.

In January-February 2020, 22,400 tons of propylene were produced in Azerbaijan that is 17.9 percent more than in January-February 2019.

During the reported period 27,400 tons of ethylene were produced in the country.

In January-February 2020, an increase was registered in output of the major part of main chemical products in Azerbaijan.

Azerbaijan's output of main chemical products:

Products

Jan.-Feb. 2020

Compared to Jan.-Feb. 2019 (%)

Nitrogen (1,000 cubic meters)

3,748.3

102.2

Polyethylene (1,000 tons)

15,600

70.3

Propylene (1,000 tons)

22,400

117.9

Methanol (methyl alcohol) (1,000 tons)

76,600

134.4

Paint products (tons)

1,672.1

67.8

Iodine (tons)

29,500

95.8

Oxygen (1,000 cubic meters)

379,200

77

Ethylene (1,000 tons)

27,400

116.1

Also,the country produced 8,570 tons of solid polyethylene pipes, tubes, hoses, which is 17.8 percent less than in January-February 2019.

At the Ethylene-Polyethylene plant, construction of a new steam turbine generator is underway to increase the production capacity of the complex, which provides the plant with electricity. The new steam turbine generator will fully meet the plant demands. The design capacity of the existing steam generator complex is planned to be increased to 65 megawatts per second.

Due to the internal capabilities of Azerikimya Production Union (PU), reconstruction of the existing old substation is underway. After the project is completed, the PU will be able to transfer electricity, provided at the expense of its own capabilities, to other SOCAR enterprises, as well as to consumers in Sumgayit.

Both projects are planned to be completed in the 3rd quarter of this year.

Overhauls at the SOCAR Methanol plant are scheduled to begin in July-August this year. The overhaul is expected to last about 1.5 months.

In 2019, SOCAR produced 383,000 tons of methanol. The methanol plant capacity is 650,000-700,000 thousand tons of products per year. This plant is the only methanol producer in the South Caucasus and Central Asia. It was commissioned in January 2014.

3. Electricity

Azerbaijan's power plants generated 4.4 billion kilowatt hours of electricity in January-February 2020, which is 4.1 percent less than in the same period of 2019, says a report of the State Statistics Committee.

The report says that 4.2 billion kilowatt hours of the total electricity generated in January-February 2020 accounted for commercial electricity, which is 4.5 percent more than in the same period of 2019.

Thermal power plants generated 4.1 billion kilowatt hours of total commercial electricity in January-February 2020, which is 6.5 percent more than in January- February 2019.

During the reported period Azerbaijan's hydro-power plants generated 1.24 billion kilowatt hours of electricity, which is 31.4 percent less than in January- February 2019.

Azerbaijan’s wind farms produced 17 million kilowatt hours of electricity (annual decrease by 9.1 percent), while solar power plants generated 4.7 million kilowatt hours of electricity (decrease by 7.8 percent) in the reporting period.

Azerenergy JSC, ensuring the functioning of the country's electric power system, coordinates the production and transmission of electricity, 110, 220, 330, 500 kilovolt high-voltage power lines and their dispatch control facilities.

Applying new technologies, Azerbaijan is organizing the reconstruction of high voltage power lines and increasing generating capacities. At the same time, energy exchange operations are being conducted with foreign countries.

The main producer of electricity in Azerbaijan is Azerenergy JSC, which has 500, 330, 220 and 110 kV-ampere substations on its balance.

The "Rehabilitation Program", covering 2018-2021, envisions restoration of over 1,000 megawatts of "lost" power and ensuring reliable operation of power plants and substations in the country. Azerenergy is carrying out renovation and a number of repair works at 12 power plants and about 20 substations in accordance with this program.

As of now, the renovation and commissioning of the 220 kV "Mushfig" substation in Badamdar settlement, Sabayil district, Baku, and the 110 kV "Zabrat" substation in Zabrat settlement, Sabunchu district, Baku have been completed.

The renovation of "Eighth kilometer" and "Sulfanol" 110 kV substations in Sumgayit, which were in operation since 1968 and 1976 accordingly, has been completed.

---

Follow the author on Twitter: @IsmailovaNargis

Subscribe to Trend in Google News! Subscribe
Buta Airways to Resume Flights from Baku to Kazan and Ufa
Buta Airways to Resume Flights from Baku to Kazan and Ufa
Azercosmos OJSC announces tender
Azercosmos OJSC announces tender
Baku Transport Agency talks details of bus accident on Zikh highway
Baku Transport Agency talks details of bus accident on Zikh highway
Loading Bars
Latest
Azerbaijan ranks among top aviation fuel exporters to Georgia
I'm on deserved rest in capital and haven't left anywhere - first president of Kazakhstan
Iran reveals COVID-19 data for January 18
Russia documents 31,252 daily COVID-19 cases, highest number since December 6
USAID supports Turkmen government and local partners to improve securities market
Websites that will make the work of Graphic Designers easier
UNHCR discloses number of Azerbaijani refugees provided with legal assistance before Second Karabakh War (PHOTO)
Production of Iran's Khorasan Steel Company increases
National Iranian Oil Company to take steps on development of North Pars gas field
Azerbaijan fils lawsuits against Armenia to European Court of Human Rights
Non-OPEC crude oil supply to continue upward trend by 2023
Visitors from Azerbaijan to Georgia spend less in 2021 - NBG
Europe to see increase in jet fuel demand – JP Morgan
Iran’s NISOC announces date for launch of extraction from Kish gas field
Israel sticks with 4th vaccine shot, sees Omicron wave waning in a week
Uzbek Central Bank shares data on volume of reserve assets and gold reserves
Azerbaijani public representatives send appeal to French President
Iran's economic growth improves - CBI
Oil demand set to rise by 2023, says JP Morgan
Central Bank of Iran discloses amount of loans issued for agricultural sector
Azerbaijan increases wine imports from Georgia
Epsilon obtains industrial gas inflow from new well at field in Uzbekistan
AFAB Cataract Campaigns on Int’l Day of Elderly in Niger (FOTO)
JP Morgan expects Azerbaijan’s oil output to decline in 2022-2023
Amount of loans issued by Iranian banks soars
NIOC intends to extract gas from Iran-Saudi Arabia joint Farzad B gas field
Azerbaijani FM leaves for Austria on working visit
Iran sees increase in trade turnover with ECO member states
UAE bourses open in red after Houthi attack on Abu Dhabi
Time of market test for Greece-North Macedonia gas pipeline announced
Azerbaijan holding talks on regular flights to Fuzuli Int’l Airport – deputy minister
Georgia reveals wine export growth dynamics in strategic markets
Azerbaijan reveals procedure of buying tickets for bus trips to liberated lands
Trips to Azerbaijan's liberated areas on all routes to be carried out in one day - ministry
At first stage only Azerbaijani citizens allowed to visit Karabakh – deputy minister
Citizens can visit liberated districts of Azerbaijan once a year - agency (PHOTO)
Police cars to accompany passenger buses through Azerbaijani liberated lands
Azerbaijan discloses cost of bus trips to liberated areas (PHOTO)
Azerbaijan to launch regular bus trips to Karabakh soon
Kazakhstan to keep inflation in energy sector within set borders - ministry
President Ilham Aliyev unveils monument to philanthropist Haji Zeynalabdin Taghiyev in Baku (PHOTO/VIDEO)
Iran’s NIOC interested in increasing gas exports
Azerbaijan discloses loans of banks being liquidated by Deposit Insurance Fund
Turkmenistan, Uzbekistan affirm commitment to Afghanistan
Azerbaijani Express-C company’s bonds included in listing of Baku Stock Exchange
Azerbaijan Airlines to present new “Azal Club” loyalty program
Kazakhstan to amend supply chain of petroleum products
2021 enters Azerbaijani history as year of social reforms - Analysis
Turkmenistan, Uzbekistan see significant increase in mutual trade
Georgia’s trade turnover figures grow – TBC Capital
2022 budget for Ighdir-Nakhchivan gas pipeline disclosed
Georgia publishes COVID-19 data for January 18
Azerbaijan, Turkey discuss co-op on restoration projects in Karabakh
Uzbekistan shares domestic COVID-19 data for January 17
New school built in Azerbaijan's Gazakh on Heydar Aliyev Foundation's initiative (PHOTO)
Iran's Energy Exchange announces products to be on sale on January 18
Kazakh Gas Processing Plant opens tender to buy spares for pumps
Azerbaijan shares data on prices of various food products for 12M2021
Money transfers from Kazakhstan to Georgia triple
Kazakhstan eyes to build fish factory in Mangystau region
Iran shares data on cooking oil imports
Iranian currency rates for Jan. 18
Water supply in several villages of Azerbaijan's Karabakh restored (PHOTO)
Brent climbs above 7-year high on Mideast tensions, tight supply
Turkmenistan discloses amount of products sold via local commodity exchange
Global problem of rising food prices - causes and solutions - ANALYSIS
Washington Post publishes article of Portugal-based traveler on Azerbaijan's Khinalig (PHOTO)
NATO looks forward to continued broad practical cooperation with Azerbaijan in coming period
Brent oil reaches $87 per barrel on ICE for first time since 2014
Turkey confirms 64,935 daily COVID-19 cases
Number of detained rioting, looting suspects in Almaty exceeds 2,700
5.0-magnitude quake jolts central Turkey
U.S. Senate panel to debate app store reform bill
United Airlines warns 5G plan would impact 1.25 mln passengers a year
Bayern striker Lewandowski awarded Best FIFA Men's Player of Year 2021
Yellen says U.S. economy "has never worked fairly for Black Americans"
North Korea confirms tactical guided missile test on Monday - media
4th Pfizer, Moderna shot less effective against Omicron: Israeli study
Kuwait's justice minister tests positive for COVID-19
Passenger traffic at Frankfurt airport picks up in 2021
Israel reduces COVID-19 quarantine to keep economy going
Number of COVID-2019 cases across globe exceeds 325 million - WHO
Kazakhstan discloses data on mutual trade with top CIS partners
Israel's unemployment rate drops to 6, lowest since plagued by COVID-19
Turkey supports Georgia's participation in 3+3 peace talks
Solar power excels in Turkey's rapid shift to green energy sources
Azerbaijan FM receives delegation led by Chairman of Parliament of Montenegro (PHOTO)
Thousands of flights canceled in eastern U.S. as winter storm heads north
Shavkat Mirziyoyev hosts Deputy PM of Turkmenistan Serdar Berdimuhamedov
Magnitude 5.6 quake hits western Afghanistan, killing more than 20
US Joint Chiefs chairman and Marine Corps chief have COVID-19
Six servicemen returned by Azerbaijan arrested in Armenia
Approval of U.S. pandemic response hits new low: poll
Georgia exports 107 mln bottles of wine in 2021, record high in 9 years
Turkey condemns drone attack targeting Abu Dhabi
Nearly 60% of voters support amendments to Serbia’s constitution — electoral commission
Azerbaijani Prime Minister talks bilateral agenda with Chairman of Montenegro's Parliament
Turkmenistan, Afghanistan agree to resume TAPI construction
Another offshore project to boost operations at Kazakhstan's Kashagan
Russia and China - potential investors in Iran's ports
All news