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Category: Azerbaijan

Azerbaijan’s crude oil export revenues soar 63%

In January-November, Azerbaijan has exported 24 723 729 tons of crude oil. Report informs citing the State Customs Committee (SCC), the value of crude oil in this…

Next tanker with Azerbaijani oil arrives in Odessa

A shipment entered the port of Odessa with 87,458 tons of Azeri oil for the Kremenchug refinery. This was reported by the press service of…

BP transfers nearly $95M to state budget

Oil and gas companies operating in Azerbaijan transferred AZN 258.8 million of profit tax to the state budget in 2016, Moore Stephens Azerbaijan said in…

Baku hosts meeting of Azerbaijan-Kazakhstan Intergovernmental Commission

Delegation led by Kazakhstan’s Minister of Energy Kanat Bozumbayev has paid a visit to Baku to participate in XIV session of the Azerbaijan-Kazakhstan Joint Intergovernmental…

SOCAR Postpones Dismantling of Old Oil Refinery on Caspian Coast until 2021

The plant ELOU-AVT (primary oil refining) with a production capacity of 2 million tons per year along with the vacuum unit will be transferred from…

SOCAR and Petrofac Set up Joint Venture to Train Oil Industry Workers

SOCAR and British Petrofac have set up a joint venture to train oil industry workers. The parties signed the foundation agreement of the joint venture…

Work Plan for ACG Block for 2018 to Be Approved in December

In December, the meeting of the committee on managing the Azeri-Chirag-Gunashli (ACG) field block will be held, at which the work plan and budget for…

Aliyev: Azerbaijani Gas Will Significantly Change Energy Map of Europe

Azerbaijani President Ilham Aliyev believes the gas that will be produced in the country’s fields will significantly change the energy map of the European continent….

Gazprom resuming gas deliveries to Azerbaijan

Gazprom Export and the State Oil Company of the Azerbaijan Republic (SOCAR) reached an agreement to resume natural gas supplies to Azerbaijan. A contract to that effect was signed in Moscow on November 21,…

BTK Railroad to Open New Opportunities for Export of Oil Products…

…from Azerbaijan to World Market Today, in the village of Alyat (75 km south of Baku), the opening ceremony of the Baku-Tbilisi-Kars railway (BTK) will…

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