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Category: Azerbaijan

Assets of State Oil Fund of Azerbaijan for First Time Exceed $40 Bn

Assets of the State Oil Fund of Azerbaijan (SOFAZ) in the first quarter of 2019 increased by 4.56% to $ 40 billion 273.3 million, the…

SOCAR AQS Sponsored and Participated in the Career Week

SOCAR AQS Sponsored and Participated in the Career Fair within Career Week event at ADA University February 27 – March 1, 2019 – SOCAR AQS…

SOCAR Preparing to Enter Bulgarian Gas Market

SOCAR Balkans (Balkan subsidiary of SOCAR) will prepare a model for doing business in Bulgaria, the head of the company Murad Heydarov said. “Each market…

Azerbaijan Increased Gas Exports to Turkey by 15% in 2018

Azerbaijan exported 7,521.15 million cubic meters (mcm) of gas from the Shah Deniz field to Turkey in 2018, which is 14.9% higher than in 2017,…

SOCAR Polymer Announces Production Volumes in 2019

SOCAR Polymer plans to produce 80-100 thousand tons of high density polyethylene (HDP) in 2019, the head of the company Farid Jafarov said. “This year,…

Azerbaijan Sharply Increased Commercial Gas Production in January

Oil production in Azerbaijan in January 2019 amounted to 3,337.7 thousand tons, which is 0.8% less than the same period last year. According to the…

Argus Fertilizer Conference to be held in Baku

Argus Fertilizer 2019. Production and Logistics in the Caspian and Black Sea Region international conference will take place on 14-15 March in Boulevard Hotel Baku,…

Socar Talking W/ Total, Lukoil on New Natgas Blocks in Caspian

Talks with France’s Total on exploration and development of Umid and Babak natgas blocks in Azerbaijan’s section of Caspian Sea resumed after being interrupted over…

Two Platforms on ACG to Be Suspended for Maintenance in 2019

BP-AzerbaijanCompany plans in 2019 to carry out maintenance work on two platforms in theAzeri-Chirag-Guneshli (ACG) field block, Tamam Bayatly, the spokesperson forthe company, reported. “Next…

Government of Azerbaijan Forecasts Growth of Gas Production by 4.9% in 2018

Growth in gas production is expected in Azerbaijan next year for the first time since 2015. The government of Azerbaijan predicts for 2018 that gas…

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