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Tag: Azerbaijan

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…

Ilham Aliyev meets Turkmen foreign minister

 Azerbaijan and Turkmenistan develop cooperation   President of the Republic of Azerbaijan Ilham Aliyev has today received deputy chairman of the Cabinet of Ministers, Minister…

Azerbaijan’s energy minister Natig Aliyev dies

Azerbaijani Energy Minister Natig Aliyev, who had been receiving treatment in Istanbul Florence Nightingale Hospital, died, General Consulate of Azerbaijan in Istanbul told APA-Economics. Azerbaijani…

SOCAR Pending Opening of New Large Gas Field

In case of discovering commercially attractive gas volumes, production at the deep-water block Shafag-Asiman in the Azerbaijani sector of the Caspian Sea may begin in…

Increase in Oil Prices to Accelerate Economic Growth in Azerbaijan-Moody`s

Higher oil prices will accelerate the economic recovery of Azerbaijan, analyst, Junior Vice-President of the rating agency Moody’s Peter Paklin said. “According to our estimates,…

China Imported Most Expensive Oil from Azerbaijan in Q1

In the first quarter, China bought oil most expensively from Azerbaijan – at $ 436.7 per ton China in January-March 2017 increased oil imports by…

Agreement for construction of new bitumen plant signed

The Oil Refinery named after Heydar Aliyev hosted an official signing ceremony of the agreement with “Azfen” for construction of a new bitumen plant. Report informs referring to…

US Interested in Azerbaijani Gas Projects

The US is closely following the implementation of the Southern Gas Corridor project, and its support by Washington remains stable and long-lasting, US Ambassador to…

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