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Category: Azerbaijan

Azerbaijan cuts gas losses

Azerbaijan’s state statistical committee reports that in Jan-Sep 2016 the amount of gas lost in onshore pipes was 3.3% (525mn m³), down from 4.4% (735mn…

SOCAR received a share in the LNG project in West Africa

The CI-GNL (Ivory Coast LNG) consortium has been awarded rights to build and operate a LNG regasification terminal in Cote d’Ivoire with a capacity of…

Southern Gas Corridor one of key factors of Azerbaijan’s future

The Southern Gas Corridor is a very important factor of Azerbaijani economy’s development, it is a huge project with huge investments, Italian Ambassador to Azerbaijan…

Azerbaijan cuts gas losses

Azerbaijan’s state statistical committee reports that in Jan-Sep 2016 the amount of gas lost in onshore pipes was 3.3% (525mn m³), down from 4.4% (735mn…

Canada’s Zenith gets first revenue from Azerbaijani oilfield

Canada’s Zenith Energy Ltd has received the first two payments for invoices generated for producing Ural crude oil from the Muradkhanli-Zardab-Jafarli field in Azerbaijan during…

BP: Shah Deniz Stage 2 project completed by over 80%

The work within the second phase of development of Azerbaijan’s biggest gas and condensate field Shah Deniz has been completed by more than 80 percent,…

Ilham Aliyev: SGC not seen as competitor to other gas projects

Azerbaijan has never considered the Southern Gas Corridor project as a kind of alternative or kind of competitor to any other gas projects being implemented…

Ilham Aliyev: Funds from Azerbaijani oil sales – transparent, internationally audited

All the accumulation of money from oil sales of Azerbaijan and also spending are transparent and internationally audited, said Azerbaijan’s President Ilham Aliyev during a…

SOCAR talks implementation of AGRI project

The Azerbaijan-Georgia-Romania Interconnector (AGRI) project is not dead, but its implementation needs time, Suleyman Gasimov, vice-president for economic issues at Azerbaijan’s state oil company SOCAR,…

Investments increase in Azerbaijan’s oil and gas sector

About 7.91 billion manats were invested in Azerbaijan’s oil and gas sector in January-October 2016 compared to 5.91 billion manats in the same period of…

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