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Fitch Expects Azerbaijan’s Economy to Grow, Increase in Karabakh Recovery Spending in 2021

The international rating agency Fitch Ratings predicts a decline in Azerbaijan’s GDP in 2020 at 4.3% Earlier in July, Fitch predicted a 4.2% decline in…

SOCAR – KBR is Looking for a Technical Professional Leader

Position Title: Technical Professional Leader – Process Primary Roles and Responsibilities: • Managing process resources across all projects executed in Baku• Ensure the process team…

Tecnicas Reunidas is Looking for a Construction/Site Manager

JOB DESCRIPTION Construction / Site Manager Construction / Site Manager reports to Project Director. He is responsible for all direct construction activities and supervision personnel….

NOV is Looking for a Forklift Operator

Job Title: Forklift Operator/Labourer Description As Forklift Operator/Labourer, you will take a customer service approach with a view that the services you provide are there…

Will Exxon Sell Iraq Field Stake to Chinese Firms?

China’s oil giants China National Petroleum Corp. and CNOOC Ltd. are considering acquiring Exxon Mobil Corp.’s remaining stake in an oil field in Iraq, which…

UAE Clarifies Stance On OPEC Membership

Anonymous UAE officials claimed earlier in the week that the country was considering breaking away from OPEC, citing the difficulties it is facing due to…

Total Bets Big On Libya’s Oil Industry

French Total plans to increase its investments in Libya’s oil industry, the National Oil Corporation said, adding it had discussed with the company raising Libya’s production…

Gas Production at Shah Deniz Increased by 1.1 Bcm in January-September

BP-Azerbaijan produced 13.3 billion cubic meters (bcm) of gas from the Shah Deniz field in January-September 2020. This is 7.3% higher, or 1.1 bcm, compared…

More Than Half of Exploration Well Drilled in Shafag-Asiman

BP-Azerbaijan (project operator) has brought the first exploration well SАХ01 on the Shafag-Asiman block, located in the deep-water part of the Azerbaijani sector of the…

Production of Commercial Oil in Azerbaijan Decreased by 2.37 Million Tons

Oil production in Azerbaijan in January-October 2020 amounted to 28 million 875.8 thousand tons, which is 7.5% less than the same period last year According…

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