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Category: Azerbaijan

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…

SOCAR to increase oil transportation through Russia in 2017

Azerbaijan’s State Oil Company SOCAR and Russia’s Transneft have agreed on volumes of oil transportation via the Baku-Novorossiysk pipeline for 2017, a source in SOCAR…

Azerbaijani companies may develop oil fields in Cuba

There are undiscovered oil fields in the Cuban part of a shelf in the Gulf of Mexico, and Azerbaijani companies could show interest for participation…

SOCAR commissions new well in Caspian Sea

Azerbaijan’s state oil company SOCAR will additionally produce over 5,100 tons of oil annually due to the commissioning of a new horizontal well at the…

SOCAR grows overseas

The State Oil Company of Azerbaijan Republic (SOCAR) plans to continue to expand abroad. The company has invested 4.487 bln USD in foreign projects in…

TPAO’s investments in Azerbaijan exceed $10 billion

The total volume of investments of the Turkish Petroleum Corporation (TPAO) in Azerbaijan exceeded $10 billion, the TPAO CEO Besim Sisman said in an interview…

World Bank approves allocation of loan for TANAP

The World Bank’s Board of Executive Directors today approved a $400 million loan for Turkey and a $400 million loan for Azerbaijan for the Trans-Anatolian…

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