...

Azerbaijan’s oil exports over last 5 years

Oil&Gas Materials 2 August 2023 13:14 (UTC +04:00)
Laman Zeynalova
Laman Zeynalova
Read more

BAKU, Azerbaijan, Aug.2. Azerbaijan has exported around 441,000 barrels of oil per day in 2022, as compared to nearly 483,000 b/d in 2021, Trend reports.

As such, OPEC estimates that the country’s oil exports dropped by 8.6 percent year-on-year.

The cartel reports that Azerbaijan exported 609,000 b/d in 2018, 559,000 b/d in 2019 and 500,000 b/d in 2020. The country’s exports decreased by 27.6 percent in 2022 as compared to 2018.

More than 65 percent of oil production in Azerbaijan account for the Azeri-Chirag-Gunashli block of fields.

BP Exploration (Caspian Sea) Limited is the operator on behalf of the Contractor Parties to the ACG Production Sharing Agreement. ACG participating interests are: bp (30.37%), SOCAR (25.0%), MOL (9.57%), INPEX (9.31%), Equinor (7.27%), ExxonMobil (6.79%), TPAO (5.73%), ITOCHU (3.65%), ONGCVidesh (2.31%).

Oil from Azerbaijan is transported to neighboring countries and to world markets via three pipelines: Baku-Novorossiysk, Baku-Supsa and Baku-Tbilisi-Ceyhan (BTC). At the moment, transportation via the Baku-Supsa pipeline is suspended.

In addition, oil is exported by rail to terminals in Batumi and Kulevi (Georgia).

---

Follow the author on Twitter: @Lyaman_Zeyn

Tags:
Latest

Latest