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Review of oil and gas operations in Azerbaijan (January-November 2017)

Analysis Materials 22 January 2018 16:38 (UTC +04:00)

1. FEC

а) Oil and Gas Production

In January-November 2017, 35.41 million tons of oil and gas condensate were produced in Azerbaijan, which is 6.1 percent less than in the same period of 2016.

In 2016, 41.03 million tons of oil and gas condensate were produced in Azerbaijan, which is 1.5 percent less than in 2015.

The main oil output in Azerbaijan accounts for the Azeri-Chirag-Gunashli (ACG) block of oil and gas fields.

Output of commercial gas in Azerbaijan stood at 16.61 billion cubic meters in January-November 2017, or 2.2 percent less than in January-November 2016.

Commercial gas output in Azerbaijan stood at 18.71 billion cubic meters in 2016, as compared to 19.72 billion cubic meters in 2015.

b) Processing

Azerbaijan produced 4.23 million tons of oil products in January-November 2017 compared to 4.77 million tons in the same period 2016, Azerbaijan's State Statistics Committee said in a report.

SOCAR, which is the sole producer of oil products in Azerbaijan, is currently modernizing its processing facilities as the fuel consumption has increased in the country.

Azerbaijan produced 1.1 million of gasoline in January-November 2017, which is 4.7 percent more than in the same period 2016.

In 2016, Azerbaijan produced 5.17 million tons of oil products compared to 5.45 million tons in 2015.

Azerbaijan's output of oil products in January-November 2017

Oil product

January-November 2017, in 1,000 tons

Compared to Jan.-Nov. 2016 (%)

Gasoline

1,097.6

104,7

Naphtha

169

96,5

Kerosene

539

93,1

Diesel fuel

1,718.4

80

Fuel oil

262.5

57,4

Lubricants

33.6

by 3,7 times

Oil bitumen

208.8

122,7

Oil coke

197.5

106,8

2. Chemical complex

In January-November 2017, 82,900 tons of polyethylene were produced in Azerbaijan that is 7.3 percent less than in the same period of 2016, says a report of the country's State Statistics Committee.

Meanwhile, 43,000 tons of propylene was produced in Azerbaijan in January-November 2017 that is 8 percent less than in the same period of 2016.

During the period, 265,800 tons of methanol (increase of 2.3 times as compared to January-November 2016) were produced in Azerbaijan.

Production of main chemical products:

Products

Jan.-Nov. 2017

Compared to Jan.-Nov. 2016

(%)

Nitrogen (million cubic meters)

21.15

103.4

Polyethylene (1,000 tons)

82.9

92.7

Ethylene (1,000 tons)

85.4

92.5

Propylene (1,000 tons)

43

92

Isopropyl alcohol (1,000 tons)

10.15

135.6

Methanol (1,000 tons)

265.8

by 2.3 times

Paint products (1,000 tons)

8.86

127.7

Iodine (tons)

181.5

94.7

Oxygen (1,000 cubic meters)

2,979.3

38.4

3. Electricity

Azerbaijan's power plants generated 20.56 billion kilowatt hours of electricity in January-November 2017, which is 1.2 percent less than in the same period of 2016, the Azerbaijani State Statistics Committee said in a report.

According to the report, 19.68 billion kilowatt hours of the total electricity generated in January-November 2017 accounted for commercial electricity, which is 1 percent less than in the same period of 2016.

Thermal power plants generated 18.01 billion kilowatt hours of total commercial electricity in January-November 2017, which is similar with the same period of 2016.

Azerbaijan's hydro-power plants generated 1.62 billion kilowatt hours of commercial electricity in January-November 2017, which is 9.6 percent less than in the same period of 2016.

Wind farms produced 11.3 million kilowatt hours of electricity, while solar power plants generated 38.3 million kilowatt hours of electricity in the reporting period.

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