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Category: Azerbaijan

BP: within a decade we expect to be a very different kind of energy company

Bakhtiyar Aslanbayli, bp Vice President Middle East and Caspian, Communications and Advocacy, outlines bp’s newly-announced strategy and what it means for Azerbaijan We all saw…

Azerbaijan Increases Gas Export to Turkey by 20.4% in Five Months

Azerbaijan exported 4 billion 527.39 million cubic meters of gas from the Shah Deniz field to Turkey in January-May 2020, which is 20.4% higher than…

Foreign Investments in Azerbaijan’s Oil, Gas Sector Exceed $ 85 Billion

For 1995-2019, the total volume of investments in the oil and gas sector of Azerbaijan exceeded $ 106 billion. This statement was made on July…

OPEC Announces Forecast for Oil Production in Azerbaijan

OPEC predicts the average daily production of oil with condensate in Azerbaijan in 2020 at the level of 720 thousand barrels, the cartel said in…

Oil Fund Received $ 154 Billion, 73% Spent

The volume of revenues to the State Oil Fund of Azerbaijan (SOFAZ) in 2001-2019 amounted to $ 159.4 billion, is noted in the Fund’s annual report…

Azerbaijan Fully Fulfills Its Obligations to OPEC +

In June 2020, the daily production of crude oil in Azerbaijan amounted to 553.8 thousand barrels. This was reported by the Ministry of Energy of…

Oil Refining Volumes in Azerbaijan Decreased

The volume of refined oil in Azerbaijan announced.  According to the Ministry of Energy of the Azerbaijan Republic, over 5 months of 2020, 2.5 million…

Azerbaijan Practically Becomes Dependent from One Country in Import of AI-95 Gasoline

Azerbaijan imported 21 thousand 785.51 tons of Premium Euro-95 motor gas in the amount of $ 15 million 515.9 thousand in January-April 2020. According to…

Azerbaijan Increases Methanol Production by 46% in January-May

SOCAR Methanol LLC produced 203.2 thousand tons of methanol in January-May 2020. The State Statistics Committee of Azerbaijan reports that methanol production is 45.7% higher than…

Azerbaijan Fulfilled Its Obligations under OPEC + by 98% in May

Oil production in Azerbaijan in May 2020 amounted to 557.2 thousand bpd against the April indicator of 679.8 thousand bpd, the Ministry of Energy reports….

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