Operating Expenditure on Acg Rise 7%, Capital Expenditure - 14%

Vahab Rzayev; In 2013 about $772 million (+6.5%) were spent in operating expenditure and $2,833 million (+13.6%) in capital expenditure on ACG activities.

In 2014 it’s expected to be spent $1,052 million in operating expenditure and $2,068 million in capital expenditure on ACG activities.

During 2013, ACG produced on average 655,370 barrels per day (b/d) (over 239 million barrels or over 32.2 million tonnes in total) from the Chirag, Central Azeri, West Azeri, East Azeri and Deepwater Gunashli platforms,. Annual production decreased by 2.1% in copmparison to previous year.

The daily capacity of Sangachal terminal’s processing systems is currently 1.2 million barrels of oil and around 970 million standard cubic feet or 27.4 million standard cubic metres of Shah Deniz gas, while overall processing and...