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Category: Azerbaijan

Aliyev: Azerbaijan Will Give Armenia Serious Answer if Yerevan Hits Export Infrastructure

If Armenia wants to implement its plans to damage export pipelines in Azerbaijan, then the response to this will be very serious, said President of…

Chevron Office Closes in Azerbaijan

Chevron, one of the largest energy companies in the United States and the world, is closing its office in Azerbaijan. This was reported in the…

SOCAR: Azerbaijani Oil Cost $ 43.2 on Average in January-September

The average price of Azerbaijani light oil of the Azeri Light brand on the terms of CIF delivery in January-September 2020 was $ 43.2 per…

Armenia Fired on Baku-Tbilisi-Ceyhan Oil Pipeline

The Armenian Armed Forces fired on a section of the Baku-Tbilisi-Ceyhan pipeline, the General Prosecutor’s Office of Azerbaijan reports. “On October 6 at 21:00 Baku…

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…

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