Gazprom Export and the State Oil Company of the Azerbaijan Republic (SOCAR) reached an agreement to resume natural gas supplies to Azerbaijan. A contract to that effect...
Read moreThe Azerbaijani government notes the existence of a number of internal and external fiscal risks that may have a direct...
Read moreFor January-September of this year, Azerbaijan exported 15,381,800 tons of crude oil. According to the State Customs Committee of Azerbaijan,...
Read moreThe cost of the Southern Gas Corridor project is now estimated at $41.5 billion, head of the Southern Gas Corridor...
Read moreProduction Association (PA) Azneft (structure of SOCAR for oil and gas production) in January-September 2017 produced 4 million 624.8 thousand...
Read moreOn October 4, Azerbaijani President Ilham Aliyev approved changes in the budget of the State Oil Fund (SOFAZ) of Azerbaijan...
Read moreBP has restarted gas and condensate production from the Shah Deniz field after carrying out preventive works on the Alfa...
Read moreThe European Bank for Reconstruction and Development (EBRD) will provide a $100 million loan to LUKOIL Overseas Shah Deniz Ltd...
Read moreCurrent account surplus of Azerbaijan's balance of payments for the first quarter of 2017 amounted to $ 380.2 million, the...
Read moreSOCAR Methanol LLC plans to produce 250,000 tons of methanol in 2017, Elnur Mustafayev, General Director of the LLC, said...
Read moreNargiz Nasrullayeva-Muduroglu has been appointed as Advisor of CEO of the State Oil Fund of the Republic of Azerbaijan (SOFAZ),...
Read moreA farewell ceremony was held for Azerbaijan’s Minister of Energy Natig Aliyev in Baku in the Cultural Center named after...
Read moreAs a result of 2016, revenues to the state budget of Azerbaijan from the oil sector amounted to 9 billion...
Read moreSOCAR Methanol LLC has produced 56,610.13 tons of methanol since early 2017, the company said in a statement. “For the...
Read moreCanada’s Zenith Energy company has appointed Michael Palmer as chief operating officer of the company’s operations in Azerbaijan, read the...
Read moreThe volume of associated gas to SOCAR increased by 58.9%, compared with the first quarter in 2016. In the quarter...
Read moreThe State Oil Company of Azerbaijan Republic (SOCAR) transferred 133,659 million AZN to state budget in April, 2017. Report informs...
Read moreOil production at the Azeri-Chirag-Gunashli (ACG) fields in the first quarter of 2017 exceeded 7.1 million tons, BP-Azerbaijan (operator of...
Read moreAzerenergy OJSC (state monopolist for electricity production in Azerbaijan) expects the maintenance of stable electricity and gas tariffs in the...
Read moreAzerbaijan exported 1,096.49 mcm of gas to Turkey in January-February 2017 within the framework of the Shah Deniz-1 project. According...
Read moreThe Parliamentary Committee on Natural Resources, Energy and Ecology recommends Milli Majlis of Azerbaijan to approve the Risk Service Contract...
Read moreIn accordance with the full-scale development program of "Bulla Deniz" offshore field in Azerbaijani sector of the Caspian Sea, 6 platforms are...
Read moreThe Oil Refinery named after Heydar Aliyev hosted an official signing ceremony of the agreement with “Azfen” for construction of a new bitumen...
Read moreConstruction of a carbamide plant of SOCAR in the Sumgait city has been completed at more than 90 percent, the...
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