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Category: Azerbaijan

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…

S & P about Creditworthiness Risks of SOCAR

The international agency S & P Global Ratings placed a long-term corporate credit rating “BB” of SOCAR in the list of CreditWatch Negative (“ratings on…

Tube through Turkey: Olives, the TAP pipeline and “big politics” Baku

Energy map of the Greater Middle East remains volatile In southern Italian region of Salento events began to occur, the consequences of which may affect…

SOCAR President meets with Iranian Oil Minister

A delegation led by SOCAR President Rovnag Abdullayev, who is on visit to Iran, has met with Oil Minister of the Islamic Republic of Iran,…

Net Profit of Azerbaijan within Framework of ACG Grows by More Than 42%

For the first quarter of 2017, the revenues of the State Oil Fund of Azerbaijan (SOFAZ) within the Azeri-Chirag-Guneshli (ACG) project amounted to $ 1…

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