The State Oil Company of the Republic of Azerbaijan (SOCAR) is - - PowerPoint PPT Presentation

• The State Oil Company of the Republic of Azerbaijan (SOCAR) is involved in exploring oil and gas fields, producing,

processing, and transporting oil, gas, and gas condensate, marketing petroleum and petrochemical products in domestic and international markets, and supplying of natural gas to the industry and population within the country.

• SOCAR conducts various petroleum activities in countries such as Georgia, Turkey, Romania, Switzerland, Germany and

Ukraine, including trading activities, mainly in Switzerland, Singapore and Nigeria.

AZ AZERI RI-CH CHIRA RAG-DEEPWATE TER GUNASHLI

From the start of production in November 1997 till the end of 2Q 2019, ACG produced about 488 million tonnes (more than 3.6 billion barrels) of oil. Around 3.3 billion barrels of ACG oil have been exported to world markets via the Baku-Tbilisi- Ceyhan pipeline. Since 2006, 4,300 tankers loaded with ACG oil have been lifted from the Ceyhan terminal. More than 44 billion cubic meters of associated gas were delivered to Azerbaijan since the start of production till the end of 2Q 2019. Capital expenditure in the ACG project by the end of 2Q 2019 was $36 billion. On 14 September 2017, the ACG PSA was extended until end of 2049.

SOUT SOUTHER ERN GA GAS S COR ORRIDOR OR

European gas demand European gas suppliers

bcma

Source: BP Energy Outlook 2035

bcma

Gas Gas Export t Potential tial

10 20 30 40 50 60 2018 2020 2022 2024 2026 2028 2030 2032 2034 2036 2038 2040 2042 2044

SD1 SD2 ACG Deep water Absheron SD3 Umid/Babek Shafaq/Asiman SD subsea compression

Billion cubic meters per annum (bcm/a)

Shah Deniz Field South Caucasus Pipeline Expansion (SCPX) Trans Anatolian Pipeline (TANAP) Trans Adriatic Pipeline (TAP) Interconnector Greece Bulgaria (IGB) MEDITERRANEAN SEA IRAN IRAQ SYRIA CYPRUS LEBANON ISRAEL JORDAN EGYPT LIBYA MALTA

Shah Deniz 2 and SCP expansion Trans-Anatolian Pipeline (TANAP) Trans-Adriatic Pipeline (TAP)

BP SOCAR TPAO Petronas LUKoil NICO 28.8% 16.7% 15.5% 10% 19% 10% SOUTHERN N GAS AS CO CORRIDOR CJ CJSC C & & SOCAR Turk urkey BO BOTAS BP BP 58% 12% 30% BP SOCAR FLUXYS ENAGAS SNAM AXPO 20% 20% 20% 16% 5% 19%

Shah Deniz Field South Caucasus Pipeline Expansion (SCPX) Trans Anatolian Pipeline (TANAP) Trans Adriatic Pipeline (TAP)

Gas sales volumes (bcma)

Gas sales to BOTAS Stage 2 sales signed in 2011 Complementing current Stage 1 sales Gas sales to EU buyers signed in 2013: Axpo, GDF Suez, Gas Natural, E.ON, Shell Hera, ENEL, Bulgargaz, DEPA

Gas Gas Sale ales Agreements ts

ACQ: Annual Contract Quantity