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Category: Azerbaijan

OPEC raises forecast on Azerbaijan’s liquid hydrocarbons

Liquids supply is forecast to grow by 30,000 b/d to average 760,000 b/d in 2021, Report informs, citing OPEC. Azerbaijan’s liquids supply in February declined slightly m-o-m…

Fitch: Capital expenditures of SOCAR in three years will amount to $ 5.3 billion

The capital investments of the State Oil Company of Azerbaijan for 2021-2023 are estimated at 9 billion manats ($ 5.3 billion at the current exchange…

Azerbaijan fulfills its commitment under OPEC+ deal

In March 2021, daily oil production (including condensate) in Azerbaijan amounted to 734,800 barrels, with crude oil accounting for 592,100 and condensate responsible for 142,700…

SOCAR Energy Ukraine imports 2,300 tonnes of gasoline last month

SOCAR Energy Ukraine imported 2,300 tonnes of gasoline from Lithuania in March 2021, Report informs, referring to the A-95 consulting group. A total of 92,300 tonnes of gasoline were imported to…

Azerbaijan Oil Fund revenues from ACG and Shah Deniz blocks collapsed

Income to the State Oil Fund of Azerbaijan (SOFAZ) from the sale of profitable oil from the Azeri-Chirag-Guneshli (ACG) block and condensate from the Shah…

SOCAR publishes the cost of Azerbaijani export oil for the first quarter

The average price of Azerbaijani oil on CIF delivery terms (the cost of oil includes transportation costs to the destination indicated by the buyer –…

Agreements on solar power plant project with capacity of 230 MW were signed with Masdar

Investment agreement, Power Purchase agreement and Transmission Connection agreement were signed on 230 MW solar power plant between the Ministry of Energy, Azerenergy OJSC and…

Russia to transport 150 mcm of gas to Georgia through Azerbaijan

SOCAR and Gazprom Export signed a one-month agreement on transit of Russian gas to Georgia, SOCAR’s Deputy Head of Public Relations Ibrahim Ahmadov told Report. “According…

SOFAZ reveals revenues from ACG and Shah Deniz fields

The State Oil Fund of Azerbaijan (SOFAZ) has announced revenues from the Azeri-Chirag-Guneshli (ACG) and Shah Deniz fields in the Azerbaijani sector of the Caspian…

SOCAR reveals oil export volume via Baku-Novorossiysk

The State Oil Company of Azerbaijan (SOCAR) exported 169,450 tons of oil via the Baku-Novorossiysk pipeline in the first quarter of 2021, reads the operational…

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