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Category: Azerbaijan

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…

Approval of Exploration Contract between SOCAR and BP on D230 Block

President of Azerbaijan Ilham Aliyev approved an agreement on exploration, development and production sharing (PSA) from the prospective D230 block in the North Absheron in…

State Oil Fund of Azerbaijan Earns $ 8.3 Bn from ACG

Revenues to the State Oil Fund of Azerbaijan (SOFAZ) from the sale of profit oil from the Azeri-Chirag-Guneshli block (ACG) and condensate from the Shah-Deniz…

Until 2022, Oil Production in Azerbaijan to Be Stable

The total oil production in Azerbaijan in 2020-2022 will be 116 million 993.7 thousand tons. According to government forecasts, indicated in the budget package, in…

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