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Category: Azerbaijan

Oil Refining Volumes in Azerbaijan Decreased

The volume of refined oil in Azerbaijan announced.  According to the Ministry of Energy of the Azerbaijan Republic, over 5 months of 2020, 2.5 million…

Azerbaijan Practically Becomes Dependent from One Country in Import of AI-95 Gasoline

Azerbaijan imported 21 thousand 785.51 tons of Premium Euro-95 motor gas in the amount of $ 15 million 515.9 thousand in January-April 2020. According to…

Azerbaijan Increases Methanol Production by 46% in January-May

SOCAR Methanol LLC produced 203.2 thousand tons of methanol in January-May 2020. The State Statistics Committee of Azerbaijan reports that methanol production is 45.7% higher than…

Azerbaijan Fulfilled Its Obligations under OPEC + by 98% in May

Oil production in Azerbaijan in May 2020 amounted to 557.2 thousand bpd against the April indicator of 679.8 thousand bpd, the Ministry of Energy reports….

Sahdeniz-2 Sales to Turkey to Reach Contractual Level in July

Tanap has supplied 5bn m3 of SD2 gas to Turkey in the two years since its launch. Gas deliveries from Azerbaijan’s Shah Deniz 2 (SD2)…

TAP’s offshore section completed

Trans Adriatic Pipeline (TAP) AG successfully completed the 105 km long offshore section of the pipeline across the Adriatic Sea, reports citing the TAP AG…

Azerbaijan’s profit from ACG project drops sharply in May

Revenues to the State Oil Fund of Azerbaijan (SOFAZ) from the sale of profitable oil from the Azeri-Chirag-Gunashli (ACG) block totaled $ 1 billion 986…

Azerbaijan Increased Production Due to Condensate Growth in April

The daily oil production for April 2020 amounted to 771.4 thousand barrels. According to the Azerbaijani Ministry of Energy, of this amount, 679.8 thousand barrels…

Azerbaijan Increased Gas Exports to Turkey by 21% in January-February

In January-February 2020, Azerbaijan exported 1 billion 804.96 million cubic meters of gas from the Shah Deniz field to Turkey, which is 21% higher than…

TAP joins PRISMA European Capacity Platform

On March 31st, PRISMA European Capacity Platform GmbH and Trans Adriatic Pipeline (TAP) AG have signed an agreement that will open up TAP´s future transportation…

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