Azerbaijan

The State Oil Company of Azerbaijan (SOCAR) is interested in participating in oil field development projects in Turkmenistan, Azerbaijan's Minister...

Volumes of Azeri natural gas shipped to Europe through the Trans Adriatic Pipeline (TAP) have hit 50 billion cubic metres,...

Hungary's foreign minister has said that the country's leading oil and gas player MOL Group is set to move forward...

GL Group is the first oil and gas company in region to implement post-stack seismic data processing technology using artificial...

Ukraine is negotiating with Azerbaijan on new natural gas supplies, Energy Minister Svitlana Hrynchuk said, Report informs via Interfax Ukraine. “Ukraine continues negotiations with...

The State Oil Company of Azerbaijan (SOCAR) and Arthur D. Little have exchanged views on the implementation of artificial intelligence...

Deliveries of Azerbaijani natural gas to Syria through Türkiye will begin on August 2, Turkish Minister of Energy and Natural...

The government plans to sign a production sharing agreement (PSA) with the Azerbaijani SOCAR, the Energy Minister Jurabek Mirzamakhmudov told...

Azerbaijan and Saudi Arabia have engaged in discussions on cooperation in the hydrocarbon sector, Azerbaijani Energy Minister Parviz Shahbazov wrote...

The operator of Azerbaijan's Umid-Babek offshore gas development project plans to start drilling two appraisal wells at the Umid field...

SOCAR's consolidated revenue last year was $49,817 million. Compared to 2023, total revenue decreased by $301.2 million. According to the...

Hungary’s largest oil operator MOL Group has taken delivery of a crude cargo from Azerbaijan, the first shipment following an...

In January-May of this year, 20 billion 910.8 million cubic meters of gas were produced in Azerbaijan, of which 16...

A 10-year natural gas purchase agreement has been signed between SOCAR and Germany’s state-owned energy company SEFE (Securing Energy for...

RSE, a European engineering company specializing in autonomous modular cogeneration systems, participated in the 13th International Caspian Power 2025 Exhibition....

Demand for hydrocarbons will continue for decades, Rovshan Najaf, President of the State Oil Company of Azerbaijan (SOCAR), said at...

A second exploration well will be drilled at the Shafag-Asiman offshore structure, according to Gordon Birrell, Executive Vice President of...

Three companies — Azerbaijan’s state oil company SOCAR, trader Gunvor and the UAE’s Bin Butti Group — plan to submit...

In January-April 2025, Azerbaijan produced 16.57 billion cubic meters of natural gas, including 12.92 billion cubic meters of commercial natural...

The first natural gas production from the free gas development project at the Azeri-Chirag-Gunashli (ACG) field in the Azerbaijani sector...

The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $0.45, or 0.66%, to $67.17 per...

In January-April 2025, Azerbaijani consumers spent 1.156 billion manats (just under $680 million) on gasoline and diesel fuel through the...

Approximately $6 billion in capital expenditures have been spent on activities for the Baku-Tbilisi-Ceyhan (BTC) project since its commissioning in...

The State Oil Company of the Azerbaijani Republic (SOCAR) and Israel's Union Energy & Systems A Ltd. have incorporated a...

The State Oil Company of the Azerbaijani Republic (SOCAR) could complete a pilot project for the gasification of the Albanian...

Azerbaijan and China have reached agreement on the construction of new solar and wind power plants in Azerbaijan and a...

The completion of the feasibility study (FS) for the Black Sea Energy project, which involves laying an underwater energy cable,...

Front End Engineering Design (FEED) for the Absheron Development Phase 2 has kicked off, Baku office of TotalEnergies told Trend....

Today marks the 20th anniversary of the first oil production from the Central Azeri platform, the second oldest platform on...

BP Azerbaijan expects first low-pressure gas from the Shah Deniz field in mid-2029, Report informs referring to the company. "Since the start...