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Category: Azerbaijan

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…

Romgaz: SOCAR Interested in Exploration and Gas Production in Black Sea

SOCAR is interested in exploring and producing gas in the Black Sea jointly with the Romanian Romgaz, Romgaz said. The CEO of the Romanian company…

Gazprom officially opened a representative office in Azerbaijan

PJSC Gazprom opened a representative office in Azerbaijan. “The representative office of PJSC Gazprom in Baku was registered by the Ministry of Taxes of Azerbaijan…

Oil Production at ACG Block Decreased by 0.6% in 2018

In 2018, the Azerbaijan International Operating Company (AIOC) produced 28,722,000 tons of oil from the Azeri-Chirag-Guneshli (ACG) field block. This is stated in the report…

Carbamide Plant Commissioned in Sumgayit

SOCAR Carbamid’s annual income from the export of finished products will be up to $160 million According to the press service of SOCAR, the plant…

Shah Deniz celebrates 100 bcm of total gas production

The milestone was achieved at the end of December, exactly 12 years after we first announced the start-up of commercial gas production from the field…

Two Platforms on ACG to Be Suspended for Maintenance in 2019

BP-AzerbaijanCompany plans in 2019 to carry out maintenance work on two platforms in theAzeri-Chirag-Guneshli (ACG) field block, Tamam Bayatly, the spokesperson forthe company, reported. “Next…

SOCAR Increased Network of Gas Stations in Romania to 41

SOCAR has commissioned a new gas station in Romania, Romanian media reported. “The gas station was commissioned in the third largest city of Romania –…

Azerbaijan to Reduce Oil Production by 20,000 Barrels per Day

Azerbaijan will reduce oil production by 20,000 barrels per day relative to the figure for October 2018 – to 763,000 barrels, the Ministry of Energy…

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