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Category: Azerbaijan

How Much Did Consumers Spend on Automobile Fuel in Azerbaijan?

According to the State Statistics Committee of Azerbaijan, in the first seven months of 2020, motor gasoline and diesel fuel were sold through retail sales…

Azerbaijan Cuts Oil Exports by Increasing Gas Supplies

Azerbaijan exported 14 million 708.3 thousand tons of oil in the first half of 2020, which is 6% less than the same period in 2019….

Turan Drilling and Engineering to manage BP procurement activity in Azerbaijan

Turan Drilling & Engineering Company LLC (A KCA Deutag and SOCAR AQS Company), today announces that it has been awarded a contract amendment to manage…

Customs Officials Claim They Buy Azerbaijani Gas at Average $ 193

The export of the declared volumes of Azerbaijani gas in January-July 2020 amounted to 7 billion 713 million 270.62 thousand cubic meters, according to the…

BP says it has no plans to scale down oil and gas in Azerbaijan

British oil major BP has no plans to scale down its oil and gas business in Azerbaijan amid global plans to rebalance its portfolio towards…

Support Block for Qarabağ Field Already Ready

On August 10, President of Azerbaijan Ilham Əliyev took part in the ceremony of sending the support block of the production platform to the sea to…

Turkey to Increase Gas Purchases from Azerbaijan in Coming Years – Çavuşoğlu

Turkey will increase the volume of purchases of Azerbaijani gas in the coming years, said the head of the Turkish Foreign Ministry Mevlüt Çavuşoğlu. “Azerbaijan has…

Azerbaijan’s Revenues from ACG and Shah Deniz Decrease by Two Times

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 the Shah…

Ilham Aliyev Not Happy with Management of State-owned Companies in Azerbaijan: They Pull Our Economy Down

President of Azerbaijan Ilham Aliyev instructed the government to prepare a new management system for state-owned companies. “State-owned companies are pulling our economy down. If…

Azerbaijani President Claims Advantages of Liberal Economy

“There is another problem – the liberalization of the economy. We have to go with this. The recent discussions in this area give grounds to…

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