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Category: Azerbaijan

How Much Azerbaijani Gas Will Be Transported via TANAP in 2021?

The volume of Azerbaijani gas supplies through the TANAP pipeline in 2021 is expected at 12.2 billion cubic meters, said the General Director of the…

More Than Half of Exploration Well Drilled in Shafag-Asiman

BP-Azerbaijan (project operator) has brought the first exploration well SАХ01 on the Shafag-Asiman block, located in the deep-water part of the Azerbaijani sector of the…

Capacity of South Caucasus Pipeline increased by16%

For the three quarters of 2020, operating expenses for the South Caucasus Pipeline (SCG) project totaled $ 35 million, $ 2 million, or 6.06% more…

Azerbaijan Produced 675.2 Thousand Bbl / day of Oil, Condensate in October

In October 2020, the daily production of oil with condensate in Azerbaijan amounted to 675.2 thousand barrels, of which 587 thousand barrels fell on oil…

Income of Oil Fund from ACG Project Noticeably Decreased

Proceeds to the State Oil Fund of Azerbaijan (SOFAZ) from the sale of profitable oil and gas from the Azeri-Chirag-Gunashli (ACG) block and Shah Deniz…

SOCAR Is Azerbaijan’s Leader in Export of Non-oil Products

The total volume of exports of non-oil products from Azerbaijan by 20 large state and private companies in January-September 2020 amounted to $ 737.991 million,…

S&P: Only 10% of SOCAR’s Debt Guaranteed by Government

The international rating agency S&P Global Ratings has confirmed the long-term credit rating of SOCAR at BB- The forecast on SOCAR ratings has been revised…

Gas Exports from Azerbaijan to Turkey Increased by 34%

In August 2020, Turkey imported 986 million cubic meters (mcm) of natural gas from Azerbaijan According to a report from the Turkish Energy Market Regulatory…

New General Director Was Appointed to SOCAR-AQS

In accordance with decision of the general meeting of founders of SOCAR AQŞ LLC, Ramin Isayev has been relieved of the position of the General…

Deficit of Azerbaijan’s Oil Fund in January-September Reaches $ 1.44 Billion

The assets of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) at the end of September 2020 amounted to $ 43 billion 288.6…

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