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Azerbaijan's income from main pipelines exceeds $1 billion in H1 2023

Pipeline
BM. GE
24.08.23 22:00
50

Azerbaijan's income from the operation of main pipelines in the first half of 2023 amounted to 1, 796, 588, 900 manats ($ 1,056,816,992 at the current exchange rate), which is 1.9% higher than the same period in 2022.

In particular, income from the operation of main oil pipelines, including Baku-Tbilisi-Ceyhan (BTC), amounted to 535, 337, 200 manats ($314.9 million). Compared to January-June 2022, such revenues decreased by 12.5%.

According to the government, in the first half of 2023, losses in the main oil pipeline network amounted to 1.7 thousand tons against 1.3 thousand tons in the same period last year (an increase of 30.8%).

Incomes from the operation of the main gas pipelines of Azerbaijan, including the South Caucasus Pipeline (Baku-Tbilisi-Erzurum), in January-June 2023 amounted to 1, 261, 251, 700 manats ($ 741.9 million), growth compared with the first half of last year by 9.5%.

Losses in the network of main gas pipelines in the first half of 2023 amounted to 38 million cubic meters against the figure for the same period last year 24.8 million cubic meters (an increase of 53.2%).

In January-June 2023, 19, 649, 700 tons of oil were transported through the main oil pipelines (an increase of 10.7%), gas pipelines - 20, 273, 100, 000 cubic meters of gas (an increase of 1.9%). At the same time, in the total volume of oil pumped through main oil pipelines, about 76.5% was transported through the Baku-Tbilisi-Ceyhan pipeline, and in the volume of gas pumped through main gas pipelines, South Caucasus Pipeline accounted for 53.8%, Interfax-Azerbaijan reports.