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Category: Azerbaijan

The fourth ministerial meeting of SGC Advisory Council starts in Baku

Baku today hosts the fourth meeting of ministers within the Southern Gas Corridor Advisory Council. Report informs, the event will be held on four plenary…

Baku tomorrow host 4th Southern Gas Corridor Advisory Council’s ministerial meeting

The fourth Ministerial Meeting of the Southern Gas Corridor (SGC) Advisory Council will take place in Baku on February 15.   Report was informed in the Ministry…

TAP starts work on 1.5 km micro tunnel in Albania

On February 12, the Trans Adriatic Pipeline (TAP), organised a ceremony to mark the start of works for the 1.5-km micro-tunnel, which will connect the…

SOCAR Ukraine to supply 5.100 tons of aviation fuel to defense ministry

SOCAR Ukraine, SOCAR’s  subsidiary in Ukraine, will supply the Ukrainian Defense Ministry with 5.100 tons of aviation fuel. Report informs referring to the Ukrainian media, SOCAR…

EIA Revises Forecast for Oil Production in Azerbaijan

Oil and condensate production in Azerbaijan will be 0.79 million barrels per day in 2018. According to EIA forecasts, published in the February review of…

About 92% of revenues of Oil Fund depends on activities of ACG

According to the results of 2017, the State Oil Fund of the Republic of Azerbaijan (SOFAZ) received $ 6.41 billion from the sale of the…

TAP plans to expand gas pipeline every two years

The consortium for construction of the Trans Adriatic Pipeline (TAP) is committed to expand the pipeline by building compressors, said TAP CEO Walter Peeraer. “We…

Oil pumping through BTC decreased by 0.3% in 2017

Transit of oil through pipelines in Georgia amounted to 281.7 million barrels in 2017, which is 0.9% less than in 2016, reports the Georgian Oil…

Oil Fund has over 47% of funds placed in US Dollars

The Oil Fund of Azerbaijan still prefers to place most of its assets in US dollars, the data of SOFAZ says. “As of December 31,…

SOCAR actively joins trade in Belarusian fuel oil

SOCAR is turning into one of the largest exporters of fuel oil from the Baltic ports to the world markets. According to Petroleum Argus, in…

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