Oil falls in price after a sharp rise, and Azeri Light grows by 0.55%

The cost of Azerbaijani crude oil Azeri LT CIF increased by $0.37

Oil drops, and Azeri Light falls in price by 0.94%

The cost of Azerbaijani crude oil Azeri LT CIF has decreased by $0.64

Drilling of first exploration well to start on Shafag-Asiman block

The planning of the first exploration well on Shafag-Asiman block located in the Azerbaijani sector of the Caspian Sea is ongoing

A 3D seismic survey on block D230 is scheduled for November

A 3D seismic survey of block D230 in the Azerbaijani sector of the Caspian Sea is to be conducted

$61 million spent on South Caucasus Pipeline for Jan-Sept

Shah Deniz keeps on gradual increase of production from Bravo Platform

In the 3rd quarter the gas supply from the Shah Deniz field continued to the markets of Azerbaijan, Georgia, Turkey and BTC for numerous facilities

Shah Deniz operating expenses totaled $481 million for Jan-Sept 2019

Over Jan-Sept 2019 Shah-Deniz operating expenses reached $481 million and capital expenditures exceeded $818 million

Sangachal Terminal exported more than 198 million barrels of oil for Jan-Sept 2019

For Jan-Sept 2019 the Sangachal Terminal exported more than 198 million barrels of oil, including over 178 million barrels via Baku-Tbilisi-Ceyhan (BTC) and over 20 million barrels via the Western Route Export Pipeline (WREP)

Oil prices drop after their growth, and Azeri Light rose by 0.19%

Azerbaijani oil Azeri LT CIF crude oil has grown by $0.13

Daily capacity of gas processing systems of Sangachal terminal reaches 100 million cu m

For Jan-Sept 2019 oil and gas from ACG and Shah Deniz continued to flow via subsea pipelines to the Sangachal terminal, reports ABC.AZ, citing BP Azerbaijan

SOCAR received 6 bn cu m of associated gas from ACG

Over the first 3 quarters ACG delivered an average of 5.7 million cu m a day of ACG associated gas to SOCAR, primarily at the Sangachal Terminal but also to SOCAR’s Oil Rocks facility.

20 million tons extracted from ACG for Jan-Sept

Total ACG production for the first 9 months of 2019 was on average about 541,000 bpd

ACG`s operations cost $418 million in operating costs and $1.034 bn in capital expenditures

In the first 3 quarters of 2019 it was spent more than $418 million in operating expenditure and about $1.034 bn in capital expenditure on ACG activities

Over Jan-Sept 2019 BTC exported 24 million tons of oil

In the first 3 quarters, BTC spent approximately $95 million in operating expenditure and about $25 million in capital expenditure

Oil prices are stable in Tuesday trading after a jump the day before

During Tuesday`s trading the prices for oil of standard grades are stable after a jump following the previous session