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Category: Azerbaijan

Tenders for Maritime Infrastructure under Absheron Project

French Total plans to sum up the tender results in July to select a contractor for laying underwater pipelines and cables to the Absheron field…

Revenues to Oil Fund Amounted to $ 131 Bn in 2001-2016

The volume of revenues to the State Oil Fund of Azerbaijan (SOFAZ) in 2001-2016 amounted to $ 130.8 billion, the Fund’s annual report for 2016…

SOCAR Plans to Produce 250 Thousand Tons of Methanol in 2017

SOCAR Methanol LLC plans to produce 250,000 tons of methanol in 2017, Elnur Mustafayev, General Director of the LLC, said in an interview with the…

New advisor of CEO appointed in Azerbaijan’s State Oil Fund

Nargiz Nasrullayeva-Muduroglu has been appointed as Advisor of CEO of the State Oil Fund of the Republic of Azerbaijan (SOFAZ), SOFAZ said June 12. Prior…

Farewell ceremony for Azerbaijani Energy Minister Natig Aliyev

A farewell ceremony was held for Azerbaijan’s Minister of Energy Natig Aliyev in Baku in the Cultural Center named after Shahriyar. The ceremony was attended…

Azerbaijan’s energy minister Natig Aliyev dies

Azerbaijani Energy Minister Natig Aliyev, who had been receiving treatment in Istanbul Florence Nightingale Hospital, died, General Consulate of Azerbaijan in Istanbul told APA-Economics. Azerbaijani…

SOCAR Pending Opening of New Large Gas Field

In case of discovering commercially attractive gas volumes, production at the deep-water block Shafag-Asiman in the Azerbaijani sector of the Caspian Sea may begin in…

Number of Domestic Companies in Oil and Gas Exhibition Growing

The four-day XXIV International Caspian Oil & Gas Exhibition 2017 and the VII Exhibition Power and Alternative Energy (Caspian Power 2017) start their work at…

President Aliyev Discussed Future Cooperation with Management of Statoil

Azerbaijani President Ilham Aliyev received yesterday in Baku the Executive Vice President for development and production of the Norwegian company Statoil Lars Christian Bacher, the…

Budget of Azerbaijan and oil revenues

As a result of 2016, revenues to the state budget of Azerbaijan from the oil sector amounted to 9 billion 225.1 million manats or 52.7%…

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