Azerbaijan reports on gas production in 2003

Jan 05, 2004 01:00 AM

Gas production in Azerbaijan in 2003 increased 0.3 % year-on-year to amount to 5.17 bn cm, a source in the State Oil Company of the Azerbaijani Republic (SOCAR) told.
The source said that this was mainly due to growth in production by Azerbaijan International Operating Company, the operator of the Azeri-Chirag-Guneshli project.

AIOC produced 1.015 bn cm in 2003, up 5.9 % year-on-year. SOCAR gas production amounted to 4.15 bn cm, which was down 0.9 % year-on-year and 1.6 % over target, including 4.04 bn cm of gas produced by the company's oil and gas production divisions, down 1.4 % year-on-year.
Joint ventures and operating companies produced 114,200 cm of gas onshore in 2003, up 20 % year-on-year. Azerbaijan produced 440 mm cm of gas in December last year, up 0.7 % year-on-year.

AIOC produced 85.5 mm cm, up 4.5 % year-on-year, and SOCAR produced 354.5 mm cm of gas in December -- down 0.2 %.
Associated gas produced by AIOC as part of the Azeri-Chirag-Guneshli project is supplies to Azerbaijan free of charge.

Source: Interfax Information Services
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