In accordance with the agreement reached on reduction of oil production by member states of Organization of Petroleum Exporting Countries...
Read moreUp to 500 million tons of oil will be extracted from the Azeri-Chirag-Gunashli (ACG) offshore fields in the Caspian Sea...
Read moreThe first vice president of the State Oil Company (SOCAR) Khoshbakht Yusifzade said Azerbaijan’s proven and extractable hydrocarbon reserves are...
Read moreAs forecasted, in 2018, the State Oil Fund of Azerbaijan Republic (SOFAZ) will receive $ 428.9 mln from sale of...
Read moreForeign investors on the new agreement on the "Azeri-Chirag-Gunashli" fields block in the Azerbaijani sector of the Caspian Sea will pay the first...
Read moreAn oil service company from the United Arab Emirates Al Mansoori Petroleum Services has been registered in Azerbaijan, the departmental...
Read moreAzerbaijan will see annual gas export growth rate of 9.1 percent, increasing its annual export volumes by 48 billion cubic...
Read moreIlham Aliyev, the President of the Republic of Azerbaijan signed on December 28, 2017 the Decree approving budget of the State Oil Fund...
Read moreIt is planned to allocate funds from the next year's state budget to increase authorized capital of the State Oil...
Read moreA meeting of the Supervisory Board of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) was held on...
Read moreAzerbaijan’s state oil company SOCAR and Turkish Petroleum company (Türkiye Petrolleri) discussed the possibilities to expand cooperation between the two...
Read moreNew excise rates applied to motor gasoline types on which excise tax is levied on the territory of Azerbaijan have...
Read moreOn December 22, Azerbaijani President Ilham Aliyev signed a decree on the establishment of the Agency for Regulation of Energy...
Read moreAzerbaijani President Ilham Aliyev ordered Dec. 22 to transfer a number of facilities of the State Agency for Alternative and...
Read moreOn 22 December of the current year, loan and guarantee agreements were signed for granting a syndicated loan facility in...
Read moreMore than 80% of pipes have been laid on the Greek-Albanian section of the Trans Adriatic Pipeline (TAP), designed to...
Read moreGas production from the Absheron field in the Azerbaijani sector of the Caspian Sea at the first stage will amount...
Read moreThe Spanish company Tecnicas Reunidas, which selected a contractor for general plant reconstruction work within the framework of reconstruction and modernization project at...
Read moreSOCAR Energy Holdings JSC, subsidiary of the State Oil Company of Azerbaijan Republic (SOCAR) in Switzerland, has acquired filling stations owned...
Read moreWithin the project of reconstruction and modernization of the plant, the Heydar Aliyev Baku Oil Refinery of the State Oil Company of Azerbaijan...
Read moreNakhchivan parlament speaker Vasif Talibov in a meeting with Iran’s economy minister voiced his country’s interest in electricity transfer, importing gas,...
Read more85,400 tons of ethylene were produced in Azerbaijan in January-November, 2017. Report informs referring to the State Statistical Committee (SSC),...
Read morePort Kulevi (the Black Sea, Georgia) received, loaded and dispatched its 2,200th tanker. Report informs citing Kulevi Black Sea Terminal....
Read moreIn January-October 2017, oil transportation via main oil pipelines of Azerbaijan made 39 127,1 thousand tons. Report informs referring to...
Read morePipes lowered in and backfilled in 62% of route of Trans Adriatic Pipeline (TAP), which will transport Azerbaijani gas to...
Read moreThe Council of the European Investment Bank (EIB) on December 12 at its meeting considered the issue of a loan...
Read moreIn January-November, Azerbaijan has exported 24 723 729 tons of crude oil. Report informs citing the State Customs Committee (SCC), the value...
Read moreA shipment entered the port of Odessa with 87,458 tons of Azeri oil for the Kremenchug refinery. This was reported...
Read moreOil and gas companies operating in Azerbaijan transferred AZN 258.8 million of profit tax to the state budget in 2016,...
Read moreDelegation led by Kazakhstan's Minister of Energy Kanat Bozumbayev has paid a visit to Baku to participate in XIV session...
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