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Category: Azerbaijan

Oil Production from ACG in 2021 to Decrease by 3 Million Barrels

Oil production from the Azeri-Chirag-Guneshli (ACG) block of fields in 2021 will amount to 171.6 million barrels. This is noted in the conclusion of the…

BP’s Caspian Sea project emerges as Russia’s rival for European gas market

(Bloomberg) –Azerbaijan started commercial natural gas exports to Europe via the U.S.-backed Southern Gas Corridor, helping the region to diversify supplies away from Russia Gas…

Italian Ansaldo Energia Receives 5 Million Euro Contract to Create Energy Infrastructure in Karabakh

Italy and Azerbaijan signed an agreement on cooperation in the framework of the creation of the energy infrastructure of Karabakh On December 18, with the…

Azerbaijan Publishes Its Oil, Gas Revenues for Current Year

Azerbaijan exported 23 million 790.5 thousand tons of oil in January-October 2020, which is 8.5% less than the same period in 2019 As reported in…

Gas Pipeline Mozdok-Gazimammad to Be Repaired

The SOCAR Gas Export Administration carried out two-day repair work on the high-pressure gas pipeline Mozdok (Russia) – Gazimammad (Azerbaijan) This was reported by the…

Fitch Expects Azerbaijan’s Economy to Grow, Increase in Karabakh Recovery Spending in 2021

The international rating agency Fitch Ratings predicts a decline in Azerbaijan’s GDP in 2020 at 4.3% Earlier in July, Fitch predicted a 4.2% decline in…

Gas Production at Shah Deniz Increased by 1.1 Bcm in January-September

BP-Azerbaijan produced 13.3 billion cubic meters (bcm) of gas from the Shah Deniz field in January-September 2020. This is 7.3% higher, or 1.1 bcm, compared…

Production of Commercial Oil in Azerbaijan Decreased by 2.37 Million Tons

Oil production in Azerbaijan in January-October 2020 amounted to 28 million 875.8 thousand tons, which is 7.5% less than the same period last year According…

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…

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