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Category: Azerbaijan

SOCAR Sends another Shipment of Oil to Belarus

SOCAR (State Oil Company of Azerbaijan) plans to send a new batch of Azerbaijani oil to Belarus on August 26-27. “Several weeks ago, the sale…

Azerbaijan’s President Calls For Privatization Of State Oil Company SOCAR: A Hope For Petrostates?

Like other commodity export dependent nations around the world, Azerbaijan has seen its economy suffer from the lockdown effects of the global coronavirus pandemic, particularly…

Long Way to Modernize Baku Refinery

The State Oil Company of Azerbaijan plans to start production of automotive fuel in accordance with Euro-5 standards at the Baku refinery in 2022, SOCAR…

Only 20% of Produced Associated Gas from ACG Converted into Marketable Gas in 2020

172 bcm of associated gas were produced from the Azeri-Chirag-Gunashli (ACG) oil block from the start of development until August 1, 2020. This was announced…

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…

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