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Average prime cost of oil and gas production by Azneft increases

Oil&Gas Materials 28 October 2005 12:42 (UTC +04:00)

In January to September 2005 average prime cost of oil and gas production by Azneft Production Association (PA), a part of the State Oil Company of Azerbaijan (SOCAR), comprised 203,039 manats ($44.1) per ton of oil, or 13,728 manats ($2.9) more than the similar period of 2004, the SOCAR told Trend.

The SOCAR said in this period it also fixed an increase of the average increase of prime cost of 1000 cu m of gas. It comprised 119,097 manats ($25.9), or 14,300 manats ($3.1) more than 2004.

In January to September the oil and gas prediction units (OGPUs) of Azneft produced around 6 million tons of oil, or 0.5% down as compared to same period of 2004 and 3 billion cu m of gas, or 1.5% less than 2004.

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