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Category: Azerbaijan

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…

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…

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