Ilham Aliyev on Azerbaijan’s new gas plans
If everything goes according to plan, gas production from deep-gas the Azeri-Chirag-Guneshli (ACG) oil block is planned by the end of 2024, the President of Azerbaijan…
TotalEnergies targets startup within weeks at major Azerbaijan offshore gas project
Startup of Absheron deep-water gas and condensate project could help secure additional non-Russian gas volumes to Europe TotalEnergies has promised that commissioning of the long-awaited…
In the first quarter of 2023, Azerbaijan supplied 4.5 million tons of oil to the EU
In the first quarter of 2023, the countries of the European Union (EU) imported 4 million 556,486 thousand tons of oil from Azerbaijan, by 3.6%…
Italy has imported more than 3 bcm of Azerbaijani gas
In January-April 2023, Azerbaijani gas supplies to Italy exceeded 3 bcm, the head of the Ministry of Energy of Azerbaijan, Parviz Shahbazov, wrote on Twitter….
$89 billion of foreign investments have been invested in the oil and gas sector of Azerbaijan
To date, 89 billion US dollars of foreign investments have been invested in the oil and gas sector of Azerbaijan, Azerbaijani Energy Minister Parviz Shahbazov…
European Commissioner: Azerbaijan is a pan-European gas supplier
Azerbaijan and the European Union (EU) held an energy dialogue in Brussels, European Commissioner for Energy Kadri Simson said. “Today I held an energy dialogue…
GL company announces a tender
To the attention of vendors willing to participate in the tenders announced by the GL LTD and affiliated companies. For prequalification, please use the relevant…
SOCAR’s quarterly reports are published late
Last Saturday (April 29), the State Oil Company of Azerbaijan (SOCAR) announced its production figures for the first quarter of 2023. A year ago, SOCAR…
Azerbaijan plans to start gas supplies to Hungary and Slovakia at the end of 2023
Azerbaijan plans to start gas supplies to Hungary and Slovakia at the end of 2023, Azerbaijani President Ilham Aliyev said. “Today, Azerbaijani gas is exported…
The share of shares of companies in the assets of the Oil Fund of Azerbaijan exceeded 21%
The State Oil Fund of Azerbaijan (SOFAZ) still prefers to place the bulk of assets in US dollars, the share of assets in US currency…
For the first time, Azerbaijani gas exceeded Russia’s share in the Greek market
Greece significantly reduced purchases of pipeline gas in Russia by more than 56% in the first quarter of 2023. The operator of the Greek gas…
Azerbaijan`s private energy company GL announced the tender winners
Within the framework of the 2023 work plan of GL’s “Taghiyev Operating Company” SOCAR-AQS and SOCAR’s Complex Drilling Works Trust were announced the winners of…
Azerbaijan, US may cooperate on green energy
Minister of Energy Parviz Shahbazov received Hugo Guevara, Charge d’affaires of the United States in Azerbaijan, Report informs, citing the ministry. At the meeting, prospects for mutual cooperation between Azerbaijan…
Europe increased oil imports from Azerbaijan by 20.4% in January
In January 2023, the countries of the European Union (EU) imported 1 million 721 thousand 242.546 tons of oil from Azerbaijan for 1 billion 74…
Azerbaijan plans to increase gas exports to Europe up to 12 bcm in 2023
This statement was made by the Minister of Energy of Azerbaijan Parviz Shahbazov today in Budapest, speaking at the third meeting of the Ministers of…
EU imported over 22 bcm of Azerbaijani gas in 27 months
The EU countries through the Trans-Adriatic Gas Pipeline (TAP) have received (since December 31, 2020) a total of over 22 bcm of gas from Azerbaijan,…
bp brings leading international practices on inclusive society to Azerbaijan
bp on behalf of its co-venturers in the Azeri-Chirag-Gunashli, Baku-Tbilisi-Ceyhan, Shah Deniz and South Caucasus Pipeline projects – SOCAR, TPAO, LUKOIL, NICO, MOL, Equinor, SGC,…
Azerbaijan plans to start gas supplies to Hungary at the end of 2023
Azerbaijan plans to start exporting gas to Hungary at the end of 2023, Azerbaijani President Ilham Aliyev said. The President stressed that the Czech Republic, Montenegro,…
Aliyev: Trans-Caspian gas pipeline is not a project of Azerbaijan
The construction of the Trans-Caspian gas pipeline is not a project of Azerbaijan, Azerbaijan’s role in this project is exclusively transit, President Ilham Aliyev said….
Azerbaijan’s share in gas supplies to the EU in 2022 increased to 3.4%
European Commissioner for Energy Kadri Simson reported an increase in 2022 by 1 percentage point – up to 3.4% – of Azerbaijan’s share in gas…
Two foreign companies have opened their representative offices in Azerbaijan
The petrochemical company “South Oil Trading FZE” (UAE) has opened a representative office in Azerbaijan. The Azerbaijani representative office of South Oil Trading FZE was…
Uzbekistan is preparing a major oil and gas project with SOCAR
Baku and Tashkent are working on projects worth $800 million to implement, President of Uzbekistan Shavkat Mirziyoyev said in Baku at a meeting with President…
Azerbaijan plans to liberalize the electricity market in five years
The rules of organization and functioning the electricity market in Azerbaijan have been defined. The process of introducing elements of the electricity market will consist…
Pakistan seeks petroleum products’ imports from Azerbaijan
Pakistan is in talks with Azerbaijan to import Petroleum, Oil, and Lubricants (POL) products on credit, as well as to agree on liquefied natural gas…
Oil export from Azerbaijan decreased by 36% in January
In January 2023, the export of declared oil from Azerbaijan amounted to 2 246 118.56 tons, which is 35.9% lower than in January 2022. According…
Azerbaijan doubled electricity exports in January
In January 2023, electricity production in Azerbaijan increased by 7.7% compared to January 2022 to 2 billion 755.9 thousand kW/h, the country’s Energy Minister Parviz…
Azerbaijan increased gas exports to Europe by 25% in January
Gas production in Azerbaijan in January 2023 amounted to 4.2 bcm, by 4% higher than in January last year, the Ministry of Energy of the…
130 bcm of gas have already been exported from the Caspian Shah Deniz field
Gas production in Azerbaijan in January 2023 amounted to 4.2 bcm, which is 4% higher than in January last year, the Ministry of Energy reports….
Azerbaijan to use Italian turbines in construction of large thermal power plant
Today Baku hosted the ceremony of laying the foundation of a thermal power plant with a capacity of 1280 MW, which will be built in…