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Category: Azerbaijan

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…

Volume of Oil Production in Azerbaijan Sharply Went Down Since January

The daily volume of oil production in Azerbaijan in March 2017 amounted to 733.3 thousand barrels, according to the information of the Ministry of Energy…

SOCAR Puts New Platform into Operation on Oil Rocks

SOCAR has put into operation a new stationary platform No. 620A at the offshore field Neft Dashlari (Oil Rocks), the company’s website reports. The platform…

BP: We Want Platforms on ACG to Carry Out Production Smoothly and Reliably

BP plans to conduct a number of works to stabilize oil production in the Azeri-Chirag-Gunashli (ACG) block of Azerbaijani fields, BP-Azerbaijan President Gordon Birrell told…

Over a dozen options evaluated for TAP landfall in Italy

Fourteen different options have been evaluated for the landfall of Trans Adriatic Pipeline (TAP) project in Italy, said the country’s Environment Minister Gian Luca Galletti,…

Statement on the impact of the EITI on the Southern Gas Corridor

Since the establishment of the EITI, Azerbaijan was a pioneer of this initiative and fully committed to the EITI and its principles and constantly took…

Fitch Assigns Southern Gas Corridor’s Notes ‘BB+ (EXP)’ Expected Rating

Fitch Ratings-Moscow/London-17 March 2016: Fitch Ratings has assigned CJSC Southern Gas Corridor’s (SGC) senior unsecured Eurobonds a ‘BB+(EXP)’ expected foreign currency long-term rating. The bond’s…

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