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Category: Azerbaijan

EBRD approves huge loan for Azerbaijan’s Shah Deniz-2

The European Bank for Reconstruction and Development (EBRD) will provide a $100 million loan to LUKOIL Overseas Shah Deniz Ltd to extend additional financing for…

SOCAR studies Bulgarian supply options

Bulgarian gas transmission system operator Bulgartransgaz and Azerbaijan’s state-run Socar signed an MOU July 18 to look into shipping natural gas to Bulgaria and transporting…

Price of Al-92 Gasoline Rises in Azerbaijan by Almost 29%

By the decision of the Tariff Council (TC) of Azerbaijan from July 15, 2017, the retail price of motor gasoline of the brand AI-92 rose…

S & P about Creditworthiness Risks of SOCAR

The international agency S & P Global Ratings placed a long-term corporate credit rating “BB” of SOCAR in the list of CreditWatch Negative (“ratings on…

SOCAR will increase production at the gas field

SOCAR plans to commission two production wells in the Bulla Deniz seabed gas condensate field within three months. According to SOCAR, Well No. 78, which…

Export of Gas from Shah Deniz to Turkey Falls by 4%

The export of Azerbaijani gas produced within the framework of the Shah Deniz-1 project in January-April 2017 amounted to 2,173.71 mcm. According to the Council…

Head of SOCAR and Georgian PM Discuss Cooperation Issues

Rovnag Abdullayev, the President of the State Oil Company of Azerbaijan (SOCAR), made a working visit to Georgia, within the framework of which he met…

Oil, gas account for 93% of Azerbaijan’s Q1 exports

Current account surplus of Azerbaijan’s balance of payments for the first quarter of 2017 amounted to $ 380.2 million, the Central Bank of Azerbaijan reported….

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…

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