Azerbaijan Pronounces Oil And Gas Production Volumes
Azerbaijan a & e petroleum nigeria limited quantity a & e petroleum nigeria limited quantity produced 43.5 million tons of oil in 2013, head of Azerbaijan’s vitality large SOCAR Rovnag Abdullayev said on December 28.
Abdullayev additional stated the nation additionally produced 29.5 billion cubic meters of gasoline.
The State Oil Company produced eight.34 million tons a & e petroleum nigeria limited quantity of oil and 7.15 billion cubic meters of fuel.
Oil is produced independently by SOCAR in addition to by joint ventures. Isomerization Equipment In addition, oil and gas production is carried out beneath the contract on the event of the Azeri-Chirag-Guneshli field block. Gas and condensate are produced within the Shah Deniz area development challenge. In both contracts SOCAR operates inside a consortium with foreign firms.
The contract for development of Azeri-Chirag-Guneshli massive offshore subject was signed in 1994. Shares are distributed as follows: BP (operator in Azeri-Chirag-Guneshli) – 35.78 per cent, Chevron – 11.27 per cent, Inpex – 10.96 per cent, AzACG – eleven.65 per cent, Statoil – eight.56 per cent, Exxon – 8 per cent, TPAO – 6.Seventy five per cent, Itochu – 4.3 per cent and ONGC – 2.Seventy two per cent.