Last checked at BAKU, July 21 (Reuters) - Azerbaijan's oil and condensate output fell 2.8percent in the first half of 2014, a source at the State Statistics Committeesaid on Monday, driven by declines at fields operated by BP. Falling output at the main Azeri, Chirag and Guneshli (ACG) oilfields hadpreviously raised concerns in Baku. BP and its partner SOCAR said last year that output from the fields - thebiggest oil production project in Azerbaijan and one of the largest globally forthe UK oil major - had stabilised. The country's oil and condensate output was 21.2 million tonnes in the firstsix months compared with 21.8 million in the same period of 2013, the sourcesaid. BP said earlier this year oil production at ACG might be slightly lower thanin 2013 as the company planned maintenance work at the Central Azeri and WestAzeri platforms, halting operations for a couple of weeks. The company did not say when the work would start. Natural gas production rose to 15.2 billion cubic metres (bcm) inJanuary-June from 14.3 bcm, the source said, citing a rise in production ofassociated gas at the ACG and SOCAR's own production on other fields. Jan-Jun Jan-Jun Jan-Dec SOCAR estimates e 2014 e 2013 2013 for 2014 Oil + 21.2 21.8 43.5 41.2 condensate (mln tonnes) Total natural 15.2 14.3 29.5 28.8 gas (bln cubic metres) (Reporting by Nailia Bagirova; writing by Margarita Antidze,; editing by JohnStonestreet)
12 Apr 2024 15:45
Europe's main energy stocks index hits highest since 2008
April 12 (Reuters) - The main European energy stocks index hit its highest level since 2008 as higher oil prices, geopolitical risks, and global economic uncertainty drew in investors on Friday.
Read more
