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Review of oil and gas operations in Azerbaijan (Summary of 2017)

Analysis Materials 16 February 2018 17:28 (UTC +04:00)

1. FEC

а) Oil and Gas Production

In 2017, 38.78 million tons of oil and gas condensate were produced in Azerbaijan, which is 5.5 percent less than in 2016.

In 2016, 41.03 million tons of oil and gas condensate were produced in Azerbaijan compared to 41.69 million tons 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 18.16 billion cubic meters in 2017, or 3 percent less than in 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 4.65 million tons of oil products in 2017 compared to 5.17 million tons in 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 1.22 million tons of gasoline in 2017, which is 5.4 percent more than in 2016.

Azerbaijan's output of oil products in 2017:

Oil product

2017 (1,000 tons)

Compared to 2016 ( %)

Gasoline

1,215.1

105.4

Naphtha

188.3

95.4

Kerosene

587.9

93.7

Diesel fuel

1,895.7

81.9

Fuel oil

266.3

54.8

Lubricants

34.9

by 3.6 times

Oil bitumen

237.2

132.4

Oil coke

226.7

110.6

2. Chemical complex

In 2017, 48,500 tons of propylene were produced in Azerbaijan that is 7.2 percent less than in 2016, says a report of the country's State Statistics Committee.

Meanwhile, 93,200 tons of polyethylene were produced in Azerbaijan in 2017 that is 7 percent less than in 2016.

In 2017, 96,100 tons of ethylene (decrease of 7.2 percent as compared to 2016) were produced in Azerbaijan.

Production of main chemical products:

Products

2017

Compared to 2016

(%)

Nitrogen (million cubic meters)

23.22

104

Polyethylene (1,000 tons)

93.2

93

Ethylene (1,000 tons)

96.1

92.8

Propylene (1,000 tons)

48.5

92.8

Isopropyl alcohol (1,000 tons)

11.89

132.9

Methanol (1,000 tons)

265.8

by 2.3 times

Paint products (1,000 tons)

9.82

124.3

Iodine (tons)

198.5

95.6

Oxygen (1,000 cubic meters)

3,527.2

44

3. Electricity

Azerbaijan's power plants generated 22.55 billion kilowatt hours of electricity in 2017, that is by 2.3 percent less than in the same period of 2016, says a report of the State Statistics Committee.

The report says that 21.6 billion kilowatt hours of the total electricity generated in 2017 accounted for commercial electricity, which is 2.1 percent less than in 2016.

Thermal power plants generated 19.83 billion kilowatt hours of total commercial electricity in 2017 that is 1.2 percent less than in 2016.

Azerbaijan's hydro-power plants generated 1.72 billion kilowatt hours of commercial electricity in 2017 that is 10.1 percent less than in 2016.

Wind farms produced 11.6 million kilowatt hours of electricity, while solar power plants generated 40 million kilowatt hours of electricity in the period.

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