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Category: Azerbaijan

Azerbaijan Increases Commercial Gas Production by 34% in January-February

Oil production in Azerbaijan in January – February 2019 amounted to 6 million 371.9 thousand tons, which corresponds to the same period last year. According…

Shahbazov: It is necessary to continue co-op within OPEC+

It is necessary to continue the cooperation within OPEC+, Parviz Shahbazov, Minister of Energy of Azerbaijan said during a press conference following the OPEC+ meeting…

SOCAR AQS presented career prospects in Baku Higher Oil School

SOCAR AQS took part in the career fair held at Baku Higher Oil School (BHOS) on 12 March organized by BHOS in cooperation with “ASAN…

Two Wells to Be Drilled at Karabakh Gas Condensate Field

Caspian Drilling Company (CDC, SOCAR’s subsidiary) became the contractor for the Norwegian company Equinor on drilling operations on the Karabakh gas condensate field in the…

Sumgayit Technopark and British Company Agree on Cooperation in Oil, Gas

Sumgayit Technopark (STP) and the British company Weir Group agreed on the development of cooperation in the oil and gas sector in Azerbaijan and in…

Three New Countries to Be Accepted at V Meeting on SGC Project

The 5th meeting of the Consultative Council (CC) on the project to create the Southern Gas Corridor (SGC) is opening in Baku today. According to…

Socar Talking W/ Total, Lukoil on New Natgas Blocks in Caspian

Talks with France’s Total on exploration and development of Umid and Babak natgas blocks in Azerbaijan’s section of Caspian Sea resumed after being interrupted over…

In 2018, 11.2 Bcm of Gas Supplied to Domestic Market of Azerbaijan

In 2018, SOCAR allocated 11 billion 216 million cubic meters to meet the domestic needs of Azerbaijan for natural gas. According to SOCAR, last year…

SOCAR Increased Payments to State Budget by 6% in 2018

SOCAR’s tax payments to the state budget of Azerbaijan in 2018 amounted to 1 billion 604.514 million manat, which is 6.2% more than in 2017….

Zenith Energy Acquires Equipment for Drilling Operations in Azerbaijan

The Canadian company Zenith Energy Ltd. acquired drilling equipment worth about 722 thousand euros for drilling wells in the block of Muradkhanly-Jafarli-Zardab fields on Azerbaijani…

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