The cost of gas production at the SOCAR deposits in 2020 decreased by 1% compared with the 2019 indicator – to 61.27 manat for 1 thousand cubic meters. Such data are given in the company’s annual report for 2020, published on the SOCAR website. Reports about it “Turan”
According to the document, without taking into account the tax on the subsoil, the cost of gas production was 49.44 manat (recession by 1.3%).
The decline in the cost of production of gas on the company in 2020 is due to a decrease in material expenses (by 16%), electricity (by 43.4%), depreciation costs (by 21.6%), protection costs (17.9 %), on other taxes (by 0.4%).
In addition to the cost of the company on gas production, taking into account the cost of gas obtained from operating companies under the terms of the Production Development agreements, costs for processing, storage and transportation, actual SOCAR expenses per 1 thousand cubic meters. M Gaza in 2020 amounted to 140.24 manat.
According to the report, in 2020, 5 billion 922.7 thousand cubic meters accounted for the share of the production association “Azneft” (SOCAR structure) (922.7 thousand cubic meters) of gas, to share joint ventures and operating companies developing land deposits of Azerbaijan – 1 billion 421.3 million cubic meters (an increase of 18.5%).