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Category: Azerbaijan

Bucharest discusses purchase of Azerbaijani gas with Baku

Romania is considering the possibility of diversifying sources of gas supplies in the context of sanctions against Russia, Azerbaijan is among the possible suppliers According…

Azerbaijani oil prices down

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, decreased by $5.93 on April 7 compared to the previous price,…

Private Azerbaijani company to develop a number of SOCAR fields

On Tuesday, the plenary session of the Milli Majlis (parliament) of Azerbaijan ratified the Risk Service Contract for the rehabilitation and development of a block…

SOCAR plans to increase gas production from Umid field by 17.4%

By March 1, 2022, 5.4 bcm of natural gas and 856.1 thousand tons of condensate were produced at the Umid offshore gas condensate field, located…

Minister: Azerbaijani gas supplies to Italy in 2022 will amount to 9.5 bcm

Azerbaijani gas supplies to Italy in 2022 under long-term and spot contracts will amount to 9.5 bcm, Azerbaijani Energy Minister Parviz Shahbazov said. In 2021,…

Azerbaijani oil price rises nearly 4%

The price of a barrel of Azerbaijan’s Azeri LT CIF oil in the world market has increased by $4.27 or 3.78% to $117.15 per barrel, Report informs….

SOCAR decides to get rid of some old fields

The Milli Majlis (Parliament) of Azerbaijan received a bill “On the adoption and approval, permission to implement a risk-service contract between SOCAR and GL International…

Italy has already imported 8.5 bcm of gas from Azerbaijan

The total volume of Azerbaijani gas supplies to Italy through the Trans-Adriatic gas pipeline (TAP) amounted to 8.5 bcm of gas, the statement of the pipeline company TAP…

Azerbaijan discloses volume of TAP’s gas supplies to Europe

To date, the Trans Adriatic Pipeline (TAP) has delivered a total of 10 billion cubic meters of Azerbaijani gas to Europe, Trend reports with reference to the…

Azerbaijan increased gas export from Shah Deniz by 9%

The export of Azerbaijani gas from the Shah Deniz field in January-February 2022 amounted to 3 billion 269.8 mcm, which is 9.3% higher than the…

“Masdar” to invest $225 million in construction of solar power plant near Baku

On March 15, President of Azerbaijan Ilham Aliyev took part in the ceremony of laying the foundation of the Garadagh solar power plant (SPP), the official website…

Baku: It’s time to start working on expanding the Southern Gas Corridor

The Southern Gas Corridor is a successful project to provide consumers with uninterrupted and affordable gas. This statement was made by the Minister of Energy…

Azerbaijani, Turkish presidents discuss possibility of increasing gas supplies to Europe

On March 10, a meeting was held in Ankara between Presidents of Azerbaijan Ilham Aliyev and Turkey Recep Tayyip Erdogan, Report informs. The meeting touched…

SOCAR provides special vehicles with free fuel in Ukraine

Over the past ten days, SOCAR Energy Ukraine has transferred more than 10,000 liters of fuel to Ukraine to ensure the smooth operation of ambulances…

SOCAR Polymer to increase polymer production by 15.5% in 2022

SOCAR Polymer plants plan to increase production by 15.5% in 2022, SOCAR Acting President, First Vice President of the company Rovshan Najaf said. “In 2021,…

Azerbaijan, Romania discuss energy co-operation

Azerbaijan’s Energy Minister Parviz Shahbazov received Romanian delegation including his counterpart Virgil-Daniel Popescu, Special Envoy for Strategic and International Affairs Ana Birchall, as well as…

Azerbaijan supports OPEC+’s decision to increase daily output by 400,000 barrels

At the 26th OPEC and non-OPEC Ministerial Meeting (ONOMM), Azerbaijan also agreed to increase daily oil production by 400,000 barrels in April to support the…

I.Aliyev on cooperation between Baku and Moscow in matters of gas sales in foreign markets

Azerbaijani President Ilham Aliyev said that Azerbaijan and Russia are not competitors in the international gas market, and did not rule out the possibility of…

When will Europe be able to receive additional volumes of Azerbaijani gas?

Doubling the capacity of TANAP will take about 5 years, says TANAP A.S. General Director Increasing the throughput capacity of the Trans-Anatolian gas pipeline (TANAP)…

Minister: Europe receives about 27 million cubic meters of gas daily from Azerbaijan

Currently, most of the daily export of Azerbaijani gas falls on the European market, Azerbaijani Energy Minister Parviz Shahbazov stated at   the ministerial meeting of…

Russia and Azerbaijan agreed on a peaceful atom

Russia and Azerbaijan will consider opportunities for developing cooperation in the field of peaceful atom, the declaration on allied cooperation between the Russian Federation and…

Baku City Circuit Reveals Sales Date for F1 Azerbaijan Grand Prix Tickets

Formula 1 (F1) fans will be able to buy tickets for the upcoming Azerbaijan Grand Prix starting on February 22. The announcement was made by…

In January, Azerbaijan exported natural gas at a price of about $500

The export of the declared volumes of Azerbaijan’s gas in January 2022 amounted to 1 billion 613 million 199.82 thousand cubic meters. This is by…

Azerbaijani oil price hits $100

The price of a barrel of Azerbaijan’s Azeri LT CIF oil in the world market has increased by $3.13 or 3.21% to $100.76 per barrel, Report informs….

Azerbaijan increased gas exports to Turkey via TANAP by 20% in 2021

Gas exports from Azerbaijan in 2021 amounted to 18.9 bcm, an increase of 39.8% compared to 2020 Approximately 8.5 bcm of gas were supplied to Turkey (a decrease…

How much gas has already been produced from the Shah Deniz field?

From the moment of commissioning by 2022, about 156 billion cubic meters of gas have been produced at the Shah Deniz field, bp-Azerbaijan reported. According…

SOCAR pays $850 million in taxes to the state budget of Azerbaijan in 2021

“In 2021, SOCAR paid taxes to the state budget of Azerbaijan in the amount of 1.45 billion manats ($850 million) against the figure of 2020…

Gas export from Sangachal terminal increases by 24%

In 2021, the average daily volume of gas exports from the Shah Deniz field to the Sangachal terminal amounted to 61 million cubic meters (approximately…

Serbia expects to receive gas from Azerbaijan via SGC in 2023

Serbia expects to receive Azerbaijani gas transported through the Southern Gas Corridor (SGC) in 2023, said the head of the Ministry of Energy of Azerbaijan, Parviz Shahbazov,…

Azerbaijan to increase gas exports to Italy by 9% in 2022

The export of Azerbaijani gas to Italy in 2022 will amount to 7.4 bcm, Azerbaijani Energy Minister Parviz Shahbazov said.  “We had a talk with…

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