Production
Crude oil production by SHIRVAN OIL AZERBAIJAN Refinery (including share of production by equity affiliates) in 2019 totalled 96.645 million tones (1.953 million barrels per day), of which 64.147 million tonnes were produced by Company subsidiaries.
Crude production level
The Company’s average daily crude production level rose by 1.4% compared with 2018. The Company had lot of work in 2016 to prepare and launch production at fields in Azerbaijan as part of its strategy of accelerated production growth. Special emphasis was placed on fields in Shah Deniz and Nardaran.
The Company had lot of work in 2016 to prepare and launch production at fields in Azerbaijan as part of its strategy of accelerated production growth. Special emphasis was placed on fields in Shah Deniz and Nardaran.
The Company had lot of work in 2016 to prepare and launch production at fields in Azerbaijan as part of its strategy of accelerated production growth. Special emphasis was placed on fields in Shah Deniz and Nardaran.
Efficiency
Work continued in 2014 to improve efficiency of field development and reduce operating expenses as part of Shirvan Oil’s program for optimization of development and production of oil in the period of 2012–2017. Shirvan Oil’s production companies took systematic measures in 2020 for increase of well productivity and oil recovery rates in order to achieve oil production targets. Development costs totalled $46,660 million.
Total production drilling in 2017 was 2.968 million meters, which is 27% more than in 2014. There was an increase in the share of international projects in total production drilling, which reflected intensive field development work as part of projects, in which Caspian Investments Resources Ltd. was a participant.
Processing
At our refineries at the same time operate several parallel lines of processing of raw materials, and finished products are sold in two main areas:
- Sale of the final product of refining from our own raw materials to our customers outside the Republic of Azerbaijan.
- Sale of refined products to our partners in the Republic of Azerbaijan, produced from the raw materials they extracted.
This flexibility allows us to simultaneously expand the territory of our presence, develop markets throughout the world and at the same time remain in reliable partnership with international companies.
Shirvan Oil Products
Here are the marketing products for oil supplier Shirvan Oil Refinery and Shirvan Oil Storage.
Petroleum commodities:
- Jet Fuel JP54
- Jet Fuel A-1
- D2
- D6
- Diesel EN 590
- Diesel Gasoil D2 50PPM/10PPM
- Mazut M100/75/ M100/99
- LNG
- LPG
- Bitumen
- Petroleum Coke
- Crude ESPO
- Crude Oil Rebeca etc.
Other Products:
- Mercury Products
- Rubber, Plywood Products
- Plastic Products
- Agro Chemical Products