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Category: Azerbaijan

President of Azerbaijan on SOCAR, Other State-owned Companies

“Everyone knows why the Investment Holding was created. This was also mentioned in my decree – to improve the management system. The management system of…

Azerbaijan, Kazakhstan Team Up to Drill Off-Shore in Caspian Sea

Kazakhstan’s first drilling rig called Satti, built entirely in Kazakhstan, will be used for digging in Azerbaijan’s portion of the sea, while the State Oil…

Socar Trading Head Expects Oil to Hit $80 a Barrel This Year

Oil prices will hit $80 a barrel this year as demand comes roaring back and producers won’t be able to immediately respond with sufficient supply, Socar…

Azerbaijan unveils volume of gas exports to Turkey and Georgia

Azerbaijan exported 1,120,220.670 cubic meters of natural gas in January this year, Report informs, citing the State Customs Committee According to the information, the total cost of natural…

Another agreement on Azerbaijani-Turkish cooperation enters into force

Turkish President Recep Tayyip Erdoğan has approved the “Agreement between the Republic of Azerbaijan and the Republic of Turkey on cooperation in energy and mining”…

Azerbaijan in 2020 exported oil for $ 8.5 bn, gas – for $ 2.7 bn

Azerbaijan exported 28 million 374.2 thousand tons of oil in 2020, which is 9.2% less than in 2019 According to the State Statistics Committee of…

SOCAR: Gas pipeline could be built between 2 fields in Caspian Sea

Additional gas resources offshore Azerbaijan could flow via the Southern Gas Corridor (SGC) in the future, as could gas from Turkmenistan, Elshad Nassirov, SOCAR vice…

Azerbaijan’s commercial gas production up by 8%

In January 2021, Azerbaijan produced over 3.08 million tons of crude oil and gas condensate, including 3.075 million tons fell on marketable crude oil, Report informs, referring to the country’s…

Polyethylene production in Azerbaijan increases by almost 46%

In January, Azerbaijan produced 13,600 tons of propylene, 17,900 tons of polyethylene, and 17,900 tons of ethylene, Report informs, citing the country’s State Statistical Committee According to the committee, 12,600 tons of total propylene…

Gas pumping via Baku-Tbilisi-Erzurum pipeline up by 50%

In January 2021, Azerbaijan’s main gas pipelines transported 3.549 billion cubic meters of gas, Report informs, citing the country’s State Statistics Committee According to the committee, this figure…

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