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Category: Azerbaijan

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…

Tax Deductions by SOCAR Significantly Increased in Azerbaijan’s State Budget

Tax deductions by the State Oil Company of Azerbaijan to the state budget amounted to 128 million 187 thousand manat in January 2017, which is…

Asia Infrastructure Investment Bank signs loan allocation for TANAP

The Government of Azerbaijan, “Southern Gas Corridor” (SGC) CJSC and Asia Infrastructure Investment Bank (AIIB) have signed a contract on a loan allocation to support…

Azerbaijan Produced 445 Million Tons of Oil over Ten Years

According to statistics, over the past ten years Azerbaijan has produced almost 445 million tons of oil. In Azerbaijan, in 2007-2016, 444.9 million tons of…

The French Almost Found Lender for Gas Project Absheron

The European Investment Bank (EIB) is interested in the project to develop a large gas condensate field Absheron in the Caspian Sea, said General Vice…

Oil Fund in January sold through auctions $ 285 million

The State Oil Fund of Azerbaijan (SOFAZ) in January 2017 sold foreign currency totalling $ 285 million from foreign exchange auctions, according to SOFAZ. “In…

Despite Decline in Oil Shipment Volumes via Ceyhan, SOCAR Increased Its Revenue by 58%

SOCAR shipped 1 million 398.44 thousand tons of Azeri oil via Ceyhan, Turkey in January 2017, the press service of SOCAR reported. In January 2016…

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