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Category: Azerbaijan

SOCAR commissions prolific well in Caspian Sea

Azerbaijan’s state oil company SOCAR will additionally produce 102.2 million cubic meters of gas and 29,200 tons of condensate per year as it has put…

Oil Fund of the fifth month from Shah Deniz is not earning

In January-October 2016, the State Oil Fund of Azerbaijan Republic (SOFAZ) has received 64 million USD from the sale of profit oil from profitable gas…

SOFAZ earned about $4 billion from Azeri-Chirag-Guneshli

The State Oil Fund of Azerbaijan (SOFAZ) announced that from 2001 to November 1, 2016, 121,30 bln USD entered to SOFAZ from Azeri-Chirag-Guneshli (ACG) field….

Azerbaijan, Asian Development Bank discuss cooperation prospects

Azerbaijan and the Asian Development Bank (ADB) have discussed cooperation prospects as Executive Director of the State Oil Fund of the Republic of Azerbaijan (SOFAZ)…

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