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Category: Azerbaijan

TAP transports first 5 bcm of natural gas to Europe

The Trans Adriatic Pipeline (TAP) AG has confirmed that a total of 5 billion cubic meters (bcm) of natural gas from Azerbaijan has reached Europe…

Azerbaijan plans to produce 30 bcm of commercial gas for the first time in its history

In January-August 2021, the volume of gas production in Azerbaijan amounted to 27 billion 917.4 mcm. According to the State Statistics Committee of the Azerbaijan…

SOCAR unveils Azerbaijan’s gas strategy

Azerbaijan plans to expand gas operations with Russia, said Vitaly Beglarbekov, Deputy Vice President of SOCAR. “Azerbaijan today does not import gas from Russia, but…

Ilham Aliyev attended the inauguration of the “Buzovna-1” substation in Khazar district

President of the Republic of Azerbaijan Ilham Aliyev has attended the opening of the newly built 110/35/10 kV “Buzovna-1” substation in Khazar district, Baku. Chairman…

OPEC announces its forecast for oil production in Azerbaijan

The Organization of the Petroleum Exporting Countries (OPEC) has increased its 2021 forecast for the average daily production of oil and other liquid hydrocarbons in…

Oil production in Azerbaijan collapses in August

Oil production in Azerbaijan in August 2021 amounted to 596.1 thousand b/d against 606 thousand b/d in July, the message of the Ministry of Energy of…

The state budget of Azerbaijan for 2022 is based on the oil price of $ 45/bbl

The government of Azerbaijan predicts state budget revenues for 2022 at the level of 26 billion 407 million manats (an increase of 8.6% compared to…

Azerbaijan in forefront of energy security, US Ambassador says

Over the years, Azerbaijan, together with its commercial and strategic partners, has built resilient energy infrastructure, US Ambassador to Azerbaijan Earle Litzenberger said during a speech at…

The revenues of the Oil Fund from the ACG project increased by more than $ 831 million

In January-August 2021, incomes to the State Oil Fund of Azerbaijan (SOFAZ) from the sale of profitable oil from the Azeri-Chirag-Guneshli (ACG) block amounted to…

SOCAR imports nearly 5,000 tons of gasoline from Lithuania to Ukraine

In August this year, SOCAR Energy Ukraine, the Ukrainian subsidiary of the State Oil Company of Azerbaijan (SOCAR), imported 4,800 tons of gasoline to the…

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