SOCAR Preparing to Enter Bulgarian Gas Market
SOCAR Balkans (Balkan subsidiary of SOCAR) will prepare a model for doing business in Bulgaria, the head of the company Murad Heydarov said. “Each market…
ExxonMobil Discovered Gas Field on Cyprus Shelf
American ExxonMobil has discovered new natural gas reserves on the Cyprus shelf, the company said yesterday. Gas deposits have been discovered near the Glaucus-1 well,…
Azerbaijan Increased Gas Exports to Turkey by 15% in 2018
Azerbaijan exported 7,521.15 million cubic meters (mcm) of gas from the Shah Deniz field to Turkey in 2018, which is 14.9% higher than in 2017,…
U.S. Oil Imports at 23-Year-Low, Output Hits Another Record
Weekly crude imports fell 1.61 million barrels a day to 5.92 million, the lowest level since 1996. The U.S. imported the least amount of crude…
Kazakh specialists to participate in drilling at jackup rig transferred to Azerbaijan
Kazakh specialists will participate in drilling as well as provide technical support during the operation of the jackup floating drilling rig transferred in trust to…
Gazprom Announces Increase in Share of Russian Gas in EU Market
In 2018, Gazprom increased its share in the EU gas market to 36.7% from 34.2% in 2017. This statement was made by Gazprom Export Director…
Sumgayit Technopark and British Company Agree on Cooperation in Oil, Gas
Sumgayit Technopark (STP) and the British company Weir Group agreed on the development of cooperation in the oil and gas sector in Azerbaijan and in…
Price of Gas for Belarus in 2019 to Be $127
The Ministry of Energy of Belarus hopes to sign a document with Russia on the price of gas by July 1. The Ministry hopes for…
Gazprom Falls $3.2 Bn on EU Nord Stream-2 Decision
Gazprom’s shares are ending the third week in a row with a fall against the background of a sharp reduction in gas demand in Europe…
SOCAR Polymer Announces Production Volumes in 2019
SOCAR Polymer plans to produce 80-100 thousand tons of high density polyethylene (HDP) in 2019, the head of the company Farid Jafarov said. “This year,…