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Category: Azerbaijan

Ilham Aliyev: SGC not seen as competitor to other gas projects

Azerbaijan has never considered the Southern Gas Corridor project as a kind of alternative or kind of competitor to any other gas projects being implemented…

Ilham Aliyev: Funds from Azerbaijani oil sales – transparent, internationally audited

All the accumulation of money from oil sales of Azerbaijan and also spending are transparent and internationally audited, said Azerbaijan’s President Ilham Aliyev during a…

SOCAR talks implementation of AGRI project

The Azerbaijan-Georgia-Romania Interconnector (AGRI) project is not dead, but its implementation needs time, Suleyman Gasimov, vice-president for economic issues at Azerbaijan’s state oil company SOCAR,…

Investments increase in Azerbaijan’s oil and gas sector

About 7.91 billion manats were invested in Azerbaijan’s oil and gas sector in January-October 2016 compared to 5.91 billion manats in the same period of…

These are the most innovative countries in the world

Switzerland has once again topped the table as the world’s most innovative economy, in the latest World Economic Forum Global Competitiveness Report. It is the…

Azerbaijan keeps Azeri Light production at 2015 level

Total production at the Azeri-Chirag-Deepwater Gunashli (ACG) was on average 644,000 barrels per day (b/d) (over 176 million barrels or 24 million tons in total)…

SOCAR commissions new oil well in Caspian Sea

Azerbaijan’s state oil company SOCAR will additionally produce over 5,470 tons of oil per year as it has put into operation a new horizontal well…

Azerbaijan to supply oil products to Burkina Faso

SOCAR Trading of Azerbaijan’s State Oil Company will supply oil products to Burkina Faso as it has agreed with that country’s state oil company SONABHY,…

Azerbaijan more than important in ensuring energy efficiency – EU

Azerbaijan is more than important in ensuring energy efficiency, Erik Somelar, Councellor for Energy at the Delegation of the European Union to Azerbaijan said. He…

Azerbaijan to increase share of renewable energy up to 20%

Azerbaijan plans to increase the share of alternative and renewable energy sources in the country’s energy balance from the current 16 percent to 20 percent…

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