Anshad Petrol JSC and Gobustan Operating Company sold 17 mln cubic meters of free gas to SOCAR
Anshad Petrol Joint Stock Company (JSC) and В"Gobustan Operating CompanyВ" in January-August 2006 sold to the State Oil Company of Azerbaijan Republic (SOCAR) 16,97 mln cubic meters of free gas that is by 0,7 mln cubic meters more than similar period of 2005, Trend reports with the reference to SOCAR. According to SOCAR, in August companies sold 1,2 mln cubic meters of gas.
Anshad Petrol produces gas in Neftchala, Khilli and Babazanan contract area holes. The JSC started first sale of the free gas in April, 2004 at the volume of 2 mln cubic meters. The SOCAR purchases gas from Anshad Petrol by the cost AZM 65 thousand (about $13/1 thousand cubic meters) and transfers it to Azerigaz Close Joint Stock Company, which, in turn, distributes the fuel via Aztransgaz within Azerigaz. GOC sells gas to SOCAR at $1.29/1mln. BTU ($1.29/1mln BTU - nearly $46/1k m3).
Gobustan Operating Company (GOC) has developed Southwest Gobustan under the PSA concluded with SOCAR. The company started selling free gas in February 2006. In GOC 80% stock belongs to Commonwealth Gobustan Limited and 20% to SOCAR. In Commonwealth Gobustan Limited 37.17% belong to Arawak Energy and 62.83% to China National Petroleum Company.
Anshad Petrol JV was created in 1993 by SOCAR and Atilla Dogan Petrol of Turkey on the basis of former OGEU Neftechalaneft. In 1994-1996 Anshad Petrol was operated by Atilla Dogan Petrol, but since 1997 this duty was undertaken by SOCAR. In 1995 Land and General Berhad joined the project through purchasing 17.15% of Atilla Dogan Petrols stock.