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Category: Azerbaijan

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…

Second Shah Deniz 2 platform jacket sent offshore

The Shah Deniz consortium is pleased to announce the sail away of the second jacket for the Shah Deniz Stage 2 platforms.  The Quarters and…

New BP regional president announced

BP announced today the appointment of Gary Jones as the new Regional President for Azerbaijan, Georgia and Turkey (AGT), with effect from 2 April 2017. …

Number of Participants of Southern Gas Corridor Project Can Increase to Ten – President Ilham Aliyev

The project Southern Gas Corridor (SGC) can be joined by three more European countries, said President of Azerbaijan Ilham Aliyev. “The total value of SGC…

Full steam ahead for SOCAR Trading’s LNG-to-power strategy

The startup in January of LNG supplies to the small Mediterranean island state of Malta could be considered a mere drop in the ocean for…

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