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Azerbaijan increases marketable gas production

Oil&Gas Materials 17 March 2023 17:01 (UTC +04:00)
Azerbaijan increases marketable gas production
Laman Zeynalova
Laman Zeynalova
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BAKU, Azerbaijan, March 17. Azerbaijan increased marketable gas production by 17.8 percent from January through February 2023, compared to the same period in 2022, Trend reports with reference to the state statistical committee.

The country produced 7.684 billion cubic meters of natural gas, including 6.013 billion cubic meters of marketable gas in the first two months of this year. Natural gas production grew by 12.4 percent year-on-year.

Azerbaijan produced 5.465 million tons of crude oil, including condensate in the first two months of 2023. Of this 5.448 million tons accounted for marketable oil. As such, Azerbaijan reduced crude oil and condensate production by 6.2 percent year-on-year. Marketable oil output dropped by 6.4 percent.

The total volume of oil production in Azerbaijan in 2022 amounted to 32.6 million tons, according to the energy ministry. Azeri–Chirag–Gunashli block of fields produced 20.4 million tons, while the volume of output from Shah Deniz stood at 4.4 million tons. Azerbaijan’s state oil company SOCAR) produced 7.8 million tons of oil.

During the reporting period, Azerbaijan exported 26.3 million tons of oil.

Azerbaijan’s gas production stood at 46.7 billion cubic meters in 2022, showing a 6.5 percent increase year-on-year.

A total of 13.4 billion cubic meters of gas were produced from the Azeri–Chirag–Gunashli field and 25.2 billion cubic meters from the Shah Deniz field. At the same time, Azerbaijan’s state oil company SOCAR produced 8.1 billion cubic meters of gas.

A total of 22.3 billion cubic meters of the total volume of Azerbaijani gas produced in 2022, were exported, which is 18 percent more than in 2021.

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