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Category: Azerbaijan

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…

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,…

Government Assesses Risks Associated with Oil Prices

The Azerbaijani government notes the existence of a number of internal and external fiscal risks that may have a direct and indirect impact on the…

Unreported Export Volumes of Azerbaijani Oil Sharply Increased

For January-September of this year, Azerbaijan exported 15,381,800 tons of crude oil. According to the State Customs Committee of Azerbaijan, during the reporting period the…

Southern Gas Corridor project’s cost revealed

The cost of the Southern Gas Corridor project is now estimated at $41.5 billion, head of the Southern Gas Corridor CJSC Afgan Isayev said addressing…

Azneft Announces Production Figures

Production Association (PA) Azneft (structure of SOCAR for oil and gas production) in January-September 2017 produced 4 million 624.8 thousand tons of oil and 3.87…

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