Azerbaijan Announces Oil & Gas Figures for 11 Months of This Year

Source: 12/30/2021, Location: Asia

According to the operative data, Azerbaijan produced 31.6 million tons of oil (including condensate) in January-November 2021. The production of oil (including condensate) decreased by 16.5 thousand tons compared to the same period a year before.

"Azeri-Chirag-Gunashli" accounted for 20.6 million tons of oil produced in the republic while "Shah Deniz" for 3.8 million tons (condensate). SOCAR's oil output amounted to 7.2 million tons (including condensate).

During the reporting period, the volume of exported oil, including condensate, amounted to 25.7 million tons. Out of this, consortium accounts for nearly 24.5 million tons, SOCAR for more than 1.2 thousand tons. The transportation of oil (including the condensate) for exporting is approximately 334 thousand tons, namely 1.3 per cent lower than the relevant period of 2020.

During 11 months, gas output amounted to 39.7 bcm. 12.1 bcm of gas production extracted from ACG, while 20.4 bcm from Shah Deniz. SOCAR produced 7.2 bcm gas during this period. Gas was transported with an increase of approximately 6 bcm, namely 17.8 per cent compared to the relevant period last year.

During this period, gas sales amounted to 16.9 bcm, which was 39.8 % more compared to the same period previous year. In the January-November, 7.7 bcm gas was exported to Turkey, 7.3 bcm gas to Europe, 1.8 bcm to Georgia. During this period, the BTC pipeline system was supplied with 92 million cubic meters of gas. It should be noted that, during this period 5.1 bcm gas was exported to Turkey through TANAP.

Since its commissioning till 1 December 2021, 578.6 million tons oil (including condensate) were extracted from Azeri-Chirag-Gunashli and Shah Deniz. 544.6 million tons of crude oil were extracted from ACG, while 34 million tons condensate from Shah Deniz. Since their commissioning till 1 December 2021, 578.1 million tons oil (including condensate) were exported from these fields.

Since their commissioning till 1 December 2021, more than 188.7 bcm gas was extracted from Azeri-Chirag-Gunashli, more than 153 bcm from Shah Deniz. During this period, more than 106.2 bcm gas were exported from Shah Deniz.

Azerbaijan refined 6.1 million tons of oil in January- November 2021. Oil refinery has been 756.6 thousand tons more in comparison with the relevant period of the previous year.

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