Review of oil and gas operations in Azerbaijan (January-August 2016)

1. FEC

а) Oil and Gas Production

Some 28.12 million tons of oil and gas condensate were produced in Azerbaijan in January-August 2016, which is by 1.1 percent more than in the same period of 2015, the Azerbaijani State Statistics Committee said in a report.

The country produced 41.69 million tons of oil and gas condensate in 2015, as compared to 41.9 million tons in 2014.

The major part of oil produced in Azerbaijan accounts for Azeri-Chirag-Guneshli block of oil and gas fields.

The tank gas production in Azerbaijan stood at 12.38 billion cubic meters in January-August 2016, or 0.8 percent less than in the same period of 2015.

This is while the country produced 19.72 billion cubic meters of tank gas in 2015, as compared to 18.7 billion cubic meters in 2014.

Azerbaijan’s state oil company SOCAR produced 5.06 million tons of oil from the country’s onshore and offshore fields in January-August 2016 versus 5.54 million tons in the same period 2015.

SOCAR produced 4.22 billion cubic meters of gas from the country’s offshore and onshore fields using its own funds in January-August 2016, as compared to 5.54 billion cubic meters in the same period in 2015.

b) Processing

Azerbaijan produced 3.42 million tons of oil products in January-August 2016 compared to 3.62 million tons in the same period of 2015, said the report.

Currently, SOCAR is modernizing its processing facilities, as the fuel consumption has increased in the country.

During the reporting period, Azerbaijan produced 732,600 tons of gasoline, or 7.1 percent less than in January-August 2015.

Below is the summary table of oil products’ output in Azerbaijan:

Oil products

Jan.-August 2016 (1,000 tons)

Compared to Jan.-August 2015 (%)

Gasoline

732,6

92,9

Naphtha

120

93,5

Kerosene

417,1

91,7

Diesel fuel

1491,5

77,5

Fuel oil

416,5

2,1 times

Lubricants

7,7

51,3

Oil bitumen

112,7

102,5

Oil coke

121,1

78,1

- The Heydar Aliyev Baku Oil Refinery has suspended production of oil products, including AI-92 gasoline due to the maintenance work since August 1. Afterwards, SOCAR sold the gasoline, which remained in the storage facilities. However, taking into account the high gasoline consumption in the country, a decision was made to purchase certain volumes of AI-92.

- SOCAR signed a contract with the Austrian Poerner company for detailed design, procurement and control for the new bitumen unit construction at the refinery as part of the measures aimed at the implementation of the project of reconstruction and modernization of the Heydar Aliyev Baku Oil Refinery. The unit with a production capacity of 400,000 tons will be commissioned in mid-2018.

2. Chemical complex

Azerbaijan produced 33,700 tons of propylene in January-August 2016, which is 6.3 percent less than in the same period of 2015, the report said.

According to the report, the country produced 62,700 tons of polyethylene in January-August 2016, or 1.9 percent less than in the same period of 2015.

Some 40,800 tons of barium sulfate was produced in Azerbaijan during the period, which is 6.4 percent more than in the same period of 2015.

According to the report, 7,530 tons of isopropyl alcohol was produced in the country in January-August, which is 18.9 percent more than in the same period of 2015.

Azerbaijan saw a decrease in the production of major types of chemicals in January-August 2016.

Below are the figures for output of major chemicals in Azerbaijan:

Products

January-August 2016

Compared to January-August 2015 (%)

Barium sulfate (1,000 tons)

40.8

106.4

Polyethylene (1,000 tons)

62.7

98.1

Propylene (1,000 tons)

33.7

93.7

Isopropyl alcohol (1,000 tons)

7.53

118.9

Paint products (tons)

4.44

144.8

Iodine (tons)

136.8

82.4

Argon (1,000 cubic meters)

130.9

90.6

Beauty aids (1,000 manat)

957.2

4.9

Ethylene (1,000 tons)

64.7

98.1

Detergents (tons)

175.6

2.6 times

3. Electricity

­Azerbaijan’s power plants generated 15.1 billion kilowatt hours of electricity in January-August 2016, or 3 percent less than in the same period of 2015, the report said.

During the period, commercial electricity accounted for 14.42 billion kilowatt hours of the total produced electricity, or 2.7 percent less than in January-August 2015.

Thermal power plants generated 13.56 billion kilowatt hours of the total commercial electricity output in January-August 2016, or 5.4 percent less than in the same period of 2015.

During the period, Azerbaijan’s hydro-power plants generated 1.47 billion kilowatt hours of commercial electricity, or 22.5 percent more than in January-August 2015.

This is while, wind farms and solar power plants in the country produced 11 million and 43.8 million kilowatt hours of electricity, respectively, in January-August 2016.

Azerenergy JSC is the main producer of electricity in Azerbaijan. It has over 200 substations with a capacity of 500, 330, 220 and 110 kilovolt amperes, as well as 10 hydro power plants and 14 thermal power plants.

At present, the generation capacity of Azerbaijan's power supply system is 7,200 megawatts. This allows generating around 24 billion kilowatt hours of electricity annually and enables the country to annually export 2.1 billion kilowatt / hours of electricity.

Iran and Azerbaijan increased the electricity swap by 2.5 times, Iran’s Energy Minister Hamid Chitchian said.

Chitchian said a new 330-kilowatt power line, with a length of 52 kilometers, has been commissioned between Iran and Azerbaijan.

“Thus, Iran and Azerbaijan increased the electricity swap from 200 megawatts to 500 megawatts,” noted the minister.

The potential of renewable energy sources in Azerbaijan exceeds 25,400 megawatts, Vice President of the State Agency on Alternative and Renewable Energy Sources of Azerbaijan Nurali Yusifbayli said.

He made the remarks at the First International Association for Energy Economics (IAEE) Eurasian Conference being held in Baku, Azerbaijan.

The potential of solar energy in Azerbaijan accounts to over 8,000 megawatts, wind power -15,000 megawatts, bioenergy - 900 megawatts, geothermal energy - 800 megawatts, small hydropower plants - 700 megawatts.

Among the major ongoing projects on development of the renewable energy, Yusifbayli mentioned ‘Yeni Yashma’ with a capacity of 50 megawatts in Azerbaijan’s Khizi district, the wind farm ‘Wind Island – 1’ with capacity of 198 megawatts, the wind farm ‘Absheron’ with capacity of 80 megawatts and a power plant running on bio-resources with capacity 16 megawatts.

Iran kicks off operation to develop Kong fishing port in Hormozgan Province
Iran kicks off operation to develop Kong fishing port in Hormozgan Province
Iran's Energy Exchange announces products to be on sale on May 17
Iran's Energy Exchange announces products to be on sale on May 17
MP explains Iran's benefits of selling oil products instead of crude
MP explains Iran's benefits of selling oil products instead of crude
Loading Bars
Latest
Palestinians resume rocket attacks on southern Israel - army
Saudi Arabia to lift travel ban on citizens from May 17
Number of COVID-2019 cases across globe up by over 658,000 in past day, WHO reports
Two dead, dozens hurt in Israeli synagogue accident
Azerbaijan launches project to develop women's entrepreneurship
Bitcoin rises 5.6% to $49,337.72
UK records another 1,926 coronavirus cases, 4 deaths
Tourism Administration to participate in Dubai Tourism Exhibition
Iran to vaccinate 14m citizens against COVID-19 by end of June: Minister
Uzbekistan and Tajikistan discuss the development of trade and economic ties
Value of Turkish cars imported by China surges
Azerbaijan using combat aircraft units in military exercises (VIDEO)
Azerbaijani grabs gold at 2021 US Judo Senior National Championships (PHOTO)
Ankara Commission investigating crimes committed during Karabakh war holds first meeting (PHOTO)
Tank units of Azerbaijani Armed Forces perform tasks within scheduled exercises (VIDEO)
Azerbaijan’s Diamond Motors company names winner of tender for purchase of vehicles
Iran kicks off operation to develop Kong fishing port in Hormozgan Province
Political parties in Armenia urge to oust active PM and president
Iran's Energy Exchange announces products to be on sale on May 17
MP explains Iran's benefits of selling oil products instead of crude
Slovenian Port of Koper could serve as fastest way and entry point for Georgian goods entering EU
Rising commodity prices create preconditions for potential strengthening of currencies in CIS - expert
Azerbaijan names number of sold cars in 1Q2021
Azerbaijan discloses volume of non-oil products exported to Turkey
Azerbaijani Army's missile, artillery units heading for exercise areas (VIDEO)
Bahar Azadi gold coin price rising in Iran
National Iranian Drilling Company starts drilling operations on Siyah Makan oil field
French investment bank to assist in transformation of state-owned enterprises in Uzbekistan
Khazar consortium opens tender for purchase of office equipment in Turkmenistan
Udi people always feel attention of Azerbaijani president, first lady - head of Albanian-Udi Christian community
Azerbaijan's economy shows positive tendencies in March 2021, says WB
Travel to Saudi Arabia to resume Monday after year of restrictions
Royal Caribbean cancels new cruise line from Israel over unrest
Cargo movements in Iran’s Amirabad port shrink
Ranking of best-selling cars in global market for 1Q2021 announced
Bolivia receives another batch of Russia’s Sputnik V vaccine
Turkmen Communications opens tender for supply of equipment
Iran exporters seek stable foreign currency rate
Azerbaijan discloses date of next plenary parliamentary session
Personnel, military equipment of Azerbaijani Armed Forces sent to exercise area (PHOTO)
First Armenian president reveals reasons for country’s defeat in Karabakh war
Iran’s NIOC, POMC to sign contract on development of Farzad B gas field
Activities in Iran’s Noshahr port intensify
Greece talks latest trade data with Turkmenistan
Azerbaijan shares data on number of vaccinated citizens for May 16
Kazakhstan boosts trade with Poland
Azerbaijan confirms 472 more COVID-19 cases, 1,122 recoveries
Azerbaijani manat's exchange rate remains stable - WB
Kazakhstan unveils its trade structure with EAEU countries for 1Q2021
Greece exploring ways to further diversify bilateral trade with Turkmenistan
Iran's Ministry of ICT to provide free internet for presidential candidates
Iran lifts steel ingots export ban
Azerbaijan, Germany implementing joint agricultural projects
Iran declares amount of loans issued in Fars Province
Detailed look at Turkmenistan's development of agriculture sector (2020 - May 2021)
Tourism potential of Azerbaijan's liberated Shusha at int'l exhibition in Dubai (PHOTO)
Ports and Maritime Organization of Iran seeks tax exemption for Chabahar port
Azerbaijan discloses insurance fee for rice fields
Abu Dhabi shares at record high, shrugging off Israel-Palestine tension
Israel's import of Turkish chemicals spikes in value
SOCAR Ukraine temporarily suspends premium fuel sales
Britain to hold meeting to encourage global COVID vaccine take-up
Azerbaijani agrarian agency signs tender to attract judicial services
Purchasing of rapeseed from farmers in Iran continues
CPI up 0.3% in April, well below expectations
Uzbekneftegaz shares data on shipment of sulfur products
Russia’s COVID-19 spread rate surpasses 1 for eight days in a row
Disney World and other U.S. theme parks update mask rules
Troops of Azerbaijan's Nakhchivan garrison to launch new command-staff exercises
Share of non-performing loans in Georgia doubles
EU allocates financial aid for programs in support of Georgian private sector
Government Trading Corporation of Iran unveils volume of wheat purchased from farmers
Iran's free trade zones require private sector investments - President Rouhani
Volume of cargo loaded, unloaded in Iran’s Anzali port decreases
Azerbaijani parliamentary delegation leaves for visit to Italy
Bitcoin rises 5.6% to $49,337.72
Most temples belonging to Udi people are either in ruined or dilapidated condition. Therefore, we will restore them too - President Aliyev
Iran's launches supercomputer
Proxy advisor ISS recommends votes for Chevron CEO, directors
WB talks growth of lending to Azerbaijan's economy
Saudi Arabia's national airline to resume flights to Georgia
Uzbek commodity exchange notes decrease in prices for cotton seeds
Udi people have great historical heritage - President Aliyev
Georgian FM to pay official visit to Kyiv
Iran’s East Oil & Gas Production Company boosts gas extraction
Biggest share of Azerbaijan's GDP accounts for industry
Turkmenistan interested in expanding co-op with Russia’s Lipetsk region
Azerbaijani Armed Forces continue exercises, moving to operational areas (VIDEO)
Georgia sees increase in COVID-19 cases
Iran reveals COVID-19 data for May 16
Russian airline expanding route of flights in direction of Baku
Azerbaijan expected to approve another int'l document on migration issues
Iran government increases pensions
Retail trade indicators up in Kazakhstan
Physical volume of Kazakhstan’s GDP down in 1Q2021
Turkmenistan, Iran talk over increasing sea transportation in Caspian Sea
Ministry talks social benefits paid out to population in Azerbaijan since early 2021
GDP per capita increases in Azerbaijan
Azerbaijan discloses amount of trade surplus for 1Q2021
Azerbaijan creating industrial clusters to develop metallurgical industry
All news