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Category: Azerbaijan

World Bank, Azerbaijan sign TANAP loan

World Bank and the the government of Azerbaijan January 16 signed a $400mn loan agreement funding the TransAnatolian gas pipeline (Tanap) that will deliver Caspian…

SOCAR supplies Malta’s 1st LNG

Malta’s first LNG cargo, supplied by Azerbaijan’s state Socar, was delivered January 11 aboard the tanker Galea. Socar shipped the first LNG to Malta aboard…

NGW magazine: Azerbaijan at half-way mark for SGC

Money keeps coming for the Southern Gas Corridor as it has enjoyed cast-iron support politically – so far, at least. Azerbaijan has spent $6bn of…

SOCAR Increases Drilling by 1% in 2016

The drilling departments of SOCAR increased drilling volumes in 2016 compared with the same period in 2015 by 0.8% – up to 105,245 meters. It…

SOFAZ unveils preferred property markets

The State Oil Fund of Azerbaijan (SOFAZ) is interested in the acquisition of high-quality real estate assets in European, Asia-Pacific and the US markets, SOFAZ…

Caspian states to further mull sea’s legal status: source

The ad hoc working group, tasked to develop a convention on the Caspian Sea’s legal status, plans to hold its next meeting in late January,…

Technip to Complete SOCAR GPC Designing in 2H2017

France’s Technip S.A. plans to complete work on design engineering as part of the construction of oil and gas processing and petrochemical complex (GPC) in…

Ukraine Preparing to Process First Batch of Azerbaijani Oil

PJSC Ukrtatnafta is preparing to take on the processing at the Kremenchug refinery of the first batch of Azerbaijani Azeri Light oil in the amount…

In Old Field of Caspian Sea Oil Production Brought up to 1 Million Tons

The Oil and Gas Extracting Department (OGED) Oil Rocks (the structure of Production Association Azneft SOCAR) for the first time in 2016 brought the annual…

BP Starts 2017 On An Optimistic Note – ACG

Despite the turbulence in the commodity markets in 2016, the year ended on a high note for the London-based integrated company, BP Plc. While the energy…

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