TODAY.AZ / Business

Azerbaijan decreases oil exports in 2019

18 February 2020 [15:47] - TODAY.AZ

By Azernews


By Rasana Gasimova

Azerbaijan exported 31 million 238,000 tons of oil in 2019, which is 4.3 percent lower than in 2018.

During the reporting period, the total cost of oil exported from Azerbaijan amounted to $14 billion 447 million 114,000. This indicates an 11.6 percent decline, local media reported.

Gas export from Azerbaijan amounted to 12 billion 210.2 million cubic meters in 2019 (a 23.2 percent increase). The total value of gas exported from the country during the reporting period amounted to $ 2 billion 569 million 583,300 (a 50.8 increase).

Azerbaijan is currently exporting its gas to Georgia and Turkey.

However, despite the overall decrease in oil and gas exports in 2019, January 2020 saw an increase of exports from Shah Deniz field.

According to the data, provided by State Statistical Committee the export of Azerbaijani gas from the Shah Deniz field amounted to 1 billion 71 million cubic meters in January 2020, which is 14.5 percent higher than that of January 2019.

It was noted that during the first month of the year, gas exports from the Shah Deniz field accounted for 33.9 percent of country’s all gas transported through gas pipelines.

Overall, Azerbaijan’s gas pipelines transported 3 billion 163.6 million cubic meters of gas in January 2020 (a 12.2 percent increase).

In 2019, Azerbaijan’s gas export from Shah Deniz amounted to10 billion 417.8 million cubic meters.

Azerbaijan mainly carries out oil exports through Baku-Tbilisi-Ceyhan (BTC) oil pipeline, and gas exports via the South Caucasus Pipeline (SCP), namely the Baku-Tbilisi-Erzurum.

Currently, an average of 110,000 tons of oil and 94 million cubic meters of gas are extracted per day in Azerbaijan from offshore and onshore fields, including the Shah Deniz, Azeri-Chirag-Gunashli (ACG) and Umid fields, which are jointly operated with foreign companies.

URL: http://www.today.az/news/business/191202.html

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