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Tag: Azerbaijan

Turkmenistan and Azerbaijan will jointly develop the Dostluk field in the Caspian

Turkmenistan and Azerbaijan signed a Memorandum of Understanding on joint exploration, construction and development of the Dostluk hydrocarbon field in the Caspian Sea The signing…

Export of Azerbaijani Electricity to Georgia Decreased by 34%

Georgia reduced electricity imports from Azerbaijan by 34.1% in 2020, the Commercial Operator of the Georgian Electricity System JSC (ESCO) said Electricity production in Georgia…

Azerbaijan to Keep Oil Production Quota within OPEC + at January level for February-March

Azerbaijan’s obligations under the OPEC + deal on oil production in February-March will remain at the January level According to the Azerbaijani Energy Ministry, at…

Over 54% of Azerbaijan’s State Budget Revenues Expected from Oil Sector in 2021

Revenues of the state budget of Azerbaijan for 2021 are projected at 25 billion 427 million manats (an increase of 5.4% compared to the forecast…

Azerbaijan, Iran Discuss Construction of Hydroelectric Power Plant in Occupied Territories

The Government of the Republic of Azerbaijan and the Government of the Islamic Republic of Iran are working on cooperation in the field of electricity….

Azerbaijan Plans to Upgrade Cooling Systems of Thermal Power Plants for Economical Water Consumption

The Ministry of Energy of Azerbaijan, together with Azerenerji JSC, will prepare proposals for the efficient use of water for cooling power plants by 2021….

Government Assures Quarantine Had Almost No Effect on Fuel Consumption in Azerbaijan

Following the results of January-June 2020, fuel (gasoline and diesel fuel) was sold to consumers in Azerbaijan through the retail network for a total of…

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,…

In 2018, 11.2 Bcm of Gas Supplied to Domestic Market of Azerbaijan

In 2018, SOCAR allocated 11 billion 216 million cubic meters to meet the domestic needs of Azerbaijan for natural gas. According to SOCAR, last year…

Azerbaijan to Reduce Oil Production by 20,000 Barrels per Day

Azerbaijan will reduce oil production by 20,000 barrels per day relative to the figure for October 2018 – to 763,000 barrels, the Ministry of Energy…

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