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COST PRICE OF OIL AND GAS PRODUCTION ON SOCAR INCREASED

Oil&Gas Materials 2 September 2005 18:25 (UTC +04:00)

In January вЂ"July 2005 the average cost price of production of 1 ton of oil on SOCAR Producing Unit (PU) Azneft was 198 791 AZM ($41,2/t). It is for $1/t more of the 2004 figure, SOCAR told Trend.

The last year the average cost price of 1 ton oil production was 189311 AZM ($40,2), in 2003 -164949 AZM ($35), in 2002 вЂ" 159405 AZM ($33,8).

According to the SOCAR spokesman, the increase of the average cost price of 1,000 cubic meters gas production is also recorded. In January-July of the current year it was 117 051 AZM ($24,5/1000 cu m), which is for $2,3/1000 cu m higher of the 2004 figure.

Last year the average cost price of 1,000 cu m gas production was 104797 AZM ($22,2/1000 cu m), in 2003 - 90747 AZM ($19,2/1000 cu m), in 2002 вЂ" 90808 AZm ($19,2/1000 cu m).

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