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Category: Azerbaijan

SOCAR Starts New Production Well in Caspian Sea

SOCAR has commissioned a new well at the Neft Dashlary (Oil Rocks) deposit, the company’s website said. Well No. 2668 was drilled from offshore platform…

State Statistics Committee of Azerbaijan Records Decline in Oil

Oil production in Azerbaijan in January-April 2017 decreased by 9.5% compared to the same period of last year, the State Statistics Committee said. According to…

Export of Azerbaijani Oil Products Decreased by 51%

In January-April of 2017 Azerbaijan exported 306,583 tons of oil products. According to the State Customs Committee of Azerbaijan, this is 51.3% less than the…

China Invests in Petrochemical Industry of Azerbaijan

A Memorandum of Understanding has been signed between Azerbaijan and China on the SOCAR GPC project. The document was signed on May 14 by the…

AIOC increased volume of associated gas to SOCAR by 59%

The volume of associated gas to SOCAR increased by 58.9%, compared with the first quarter in 2016. In the quarter I of 2017, the BP-led Azerbaijan International…

SOCAR increased budget payments by 19%

The State Oil Company of Azerbaijan Republic (SOCAR) transferred 133,659 million AZN to state budget in April, 2017. Report informs referring to SOCAR, it is…

Gas Production in Shah Deniz Falls by 300 Mcm

BP-Azerbaijan Company in the first quarter of 2017 extracted 2.4 bcm of gas from the Shah Deniz field. This is reported in the quarterly report…

Production at ACG Fell by 70,000 Barrels per Day in Q1

Oil production at the Azeri-Chirag-Gunashli (ACG) fields in the first quarter of 2017 exceeded 7.1 million tons, BP-Azerbaijan (operator of the development) reported. As reported,…

President of Azerbaijan Approved Contract for Umid/Babek Block

On May 11, the President of Azerbaijan, Ilham Aliyev, approved the Risk Service Contract for the exploration and development of the block of offshore fields…

Gas Leaking from Platform No. 7 of SOCAR – Personnel Evacuated

A gas leak occurred yesterday at well No. 319 on the platform No. 7 in the shallow part of the Gunashli field, the State Oil…

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