Forecast: Oil to Reach $ 60, and Then to Go Down
Experts of the Austrian consulting company JBC Energy note that the expectations of the extension of the production reduction agreement...
SOCAR President meets with Iranian Oil Minister
A delegation led by SOCAR President Rovnag Abdullayev, who is on visit to Iran, has met with Oil Minister of...
Net Profit of Azerbaijan within Framework of ACG Grows by More Than 42%
For the first quarter of 2017, the revenues of the State Oil Fund of Azerbaijan (SOFAZ) within the Azeri-Chirag-Guneshli (ACG)...
Volume of Oil Production in Azerbaijan Sharply Went Down Since January
The daily volume of oil production in Azerbaijan in March 2017 amounted to 733.3 thousand barrels, according to the information...
SOCAR Puts New Platform into Operation on Oil Rocks
SOCAR has put into operation a new stationary platform No. 620A at the offshore field Neft Dashlari (Oil Rocks), the...
BP: We Want Platforms on ACG to Carry Out Production Smoothly and Reliably
BP plans to conduct a number of works to stabilize oil production in the Azeri-Chirag-Gunashli (ACG) block of Azerbaijani fields,...
Over a dozen options evaluated for TAP landfall in Italy
Fourteen different options have been evaluated for the landfall of Trans Adriatic Pipeline (TAP) project in Italy, said the country’s...
Statement on the impact of the EITI on the Southern Gas Corridor
Since the establishment of the EITI, Azerbaijan was a pioneer of this initiative and fully committed to the EITI and...
Fitch Assigns Southern Gas Corridor’s Notes ‘BB+ (EXP)’ Expected Rating
Fitch Ratings-Moscow/London-17 March 2016: Fitch Ratings has assigned CJSC Southern Gas Corridor's (SGC) senior unsecured Eurobonds a 'BB+(EXP)' expected foreign...
Second Shah Deniz 2 platform jacket sent offshore
The Shah Deniz consortium is pleased to announce the sail away of the second jacket for the Shah Deniz Stage...
New BP regional president announced
BP announced today the appointment of Gary Jones as the new Regional President for Azerbaijan, Georgia and Turkey (AGT), with...
Number of Participants of Southern Gas Corridor Project Can Increase to Ten – President Ilham Aliyev
The project Southern Gas Corridor (SGC) can be joined by three more European countries, said President of Azerbaijan Ilham Aliyev....
Full steam ahead for SOCAR Trading’s LNG-to-power strategy
The startup in January of LNG supplies to the small Mediterranean island state of Malta could be considered a mere...
Tax Deductions by SOCAR Significantly Increased in Azerbaijan’s State Budget
Tax deductions by the State Oil Company of Azerbaijan to the state budget amounted to 128 million 187 thousand manat...
Will connect with TANAP through Greece, ends in Italy
The first phase of the Trans Adriatic Pipeline’s 10 billion-cubic-metre capacity is booked, a TAP official has told New Europe....
Asia Infrastructure Investment Bank signs loan allocation for TANAP
The Government of Azerbaijan, "Southern Gas Corridor" (SGC) CJSC and Asia Infrastructure Investment Bank (AIIB) have signed a contract on...
Azerbaijan Produced 445 Million Tons of Oil over Ten Years
According to statistics, over the past ten years Azerbaijan has produced almost 445 million tons of oil. In Azerbaijan, in...
The French Almost Found Lender for Gas Project Absheron
The European Investment Bank (EIB) is interested in the project to develop a large gas condensate field Absheron in the...
Oil Fund in January sold through auctions $ 285 million
The State Oil Fund of Azerbaijan (SOFAZ) in January 2017 sold foreign currency totalling $ 285 million from foreign exchange...
Despite Decline in Oil Shipment Volumes via Ceyhan, SOCAR Increased Its Revenue by 58%
SOCAR shipped 1 million 398.44 thousand tons of Azeri oil via Ceyhan, Turkey in January 2017, the press service of...
SOCAR Plans to Annually Produce 300 Mcm of Gas from New Bulla Deniz Well
SOCAR will produce about 300 mcm of gas and about 55 thousand tons of condensate per year due to commissioning...
SOCAR to Drill Ten Production Wells on Oil Rocks
SOCAR will produce 73 thousand tons of oil and 16.5 mcm of gas annually by drilling 10 new production wells...
Azerbaijan Begins to Consume Less Gasoline
Oil production in Azerbaijan in 2016 decreased compared to 2015 by 9.1% to 2 billion 772.7 million manat. This is...
AZERBAIJAN EYES MORE GAS, LESS OIL IN 2017: MINISTER
Azerbaijan is planning to produce more gas and less oil this year, energy minister Natiq Aliyev has toldNGW. The country...
World Bank, Azerbaijan sign TANAP loan
World Bank and the the government of Azerbaijan January 16 signed a $400mn loan agreement funding the TransAnatolian gas pipeline...
Azerbaijan, WB sign loan agreement on TANAP
Azerbaijan and the World Bank (WB) have signed a loan agreement on the Trans Anatolian Natural Gas Pipeline (TANAP) project,...
As Russia’s gas market gets weaker, Europe gets stronger: Grigas
Europe’s Trans Anatolian natural gas pipeline in Turkey has hit a major milestone. It passed the halfway mark to completion...
SOCAR supplies Malta’s 1st LNG
Malta’s first LNG cargo, supplied by Azerbaijan's state Socar, was delivered January 11 aboard the tanker Galea. Socar shipped the...
NGW magazine: Azerbaijan at half-way mark for SGC
Money keeps coming for the Southern Gas Corridor as it has enjoyed cast-iron support politically – so far, at least....
SOCAR Increases Drilling by 1% in 2016
The drilling departments of SOCAR increased drilling volumes in 2016 compared with the same period in 2015 by 0.8% -...
