AIOC increased volume of associated gas to SOCAR by 59%
The volume of associated gas to SOCAR increased by 58.9%, compared with the first quarter in 2016. In the quarter I of 2017, the BP-led Azerbaijan International…
SOCAR increased budget payments by 19%
The State Oil Company of Azerbaijan Republic (SOCAR) transferred 133,659 million AZN to state budget in April, 2017. Report informs referring to SOCAR, it is…
Production at ACG Fell by 70,000 Barrels per Day in Q1
Oil production at the Azeri-Chirag-Gunashli (ACG) fields in the first quarter of 2017 exceeded 7.1 million tons, BP-Azerbaijan (operator of the development) reported. As reported,…
Azerbaijan’s Power Engineers Have Negative Long-term Forecast
Azerenergy OJSC (state monopolist for electricity production in Azerbaijan) expects the maintenance of stable electricity and gas tariffs in the short term, according to the…
Azerbaijan Reduced Gas Exports to Turkey by 5%
Azerbaijan exported 1,096.49 mcm of gas to Turkey in January-February 2017 within the framework of the Shah Deniz-1 project. According to the Energy Market Regulatory…
New Type of Gas Contract to Be Realized in Azerbaijan for First Time
The Parliamentary Committee on Natural Resources, Energy and Ecology recommends Milli Majlis of Azerbaijan to approve the Risk Service Contract for exploration and development of…
Six platforms will be built at “Bulla Deniz” field until 2025
In accordance with the full-scale development program of “Bulla Deniz” offshore field in Azerbaijani sector of the Caspian Sea, 6 platforms are planned to be built here…
Agreement for construction of new bitumen plant signed
The Oil Refinery named after Heydar Aliyev hosted an official signing ceremony of the agreement with “Azfen” for construction of a new bitumen plant. Report informs referring to…
Construction of Carbamide Plant of SOCAR Completed More Than at 90%
Construction of a carbamide plant of SOCAR in the Sumgait city has been completed at more than 90 percent, the plant’s director Khayal Jafarov told…