Azerbaijan

In January-May, oil transportation via Baku-Tbilisi-Ceyhan pipeline grew slightly

In January-May 2018, volume of oil transportation through the Baku-Tbilisi-Ceyhan oil pipeline amounted to 13 743.9 thousand tons, which is by 0.4% more than in the same period in 2017, the State S

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In January-May, export of Azerbaijani gas from the Shah-Deniz field fell by 5%

In January-May 2018, export of Azerbaijani gas within the Stage-1 of the Shah-Deniz field development amounted to 3 031.1 million cubic meters, which is by 5.2% less than in the same period last ye

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Ukraine and Azerbaijan discuss supply of oil to Ukrainian and European refineries

Ukraine and Azerbaijan discussed the supply of oil from Azerbaijan to the Ukrainian and European refineries.

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In 2018 SOCAR spent about $70 million on purchase of 4 vessels

SOCAR (State Oil Company of Azerbaijan Republic) has spent 115 million manats ($68 million) on purchase of 4 vessels since early 2018, the company said in its financial report for 2017.

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SOCAR’s income from activity in foreign projects grows

In 2017, revenues of the Azerbaijani state-owned oil company SOCAR from activities in Switzerland amounted to 78.63 billion manats against 40.44 billion manats in 2016.

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In January-May, petrol production in Azerbaijan slightly fell

In January-May 2018, production of petroleum products in Azerbaijan increased by 0.9% to 1 266 114.1 thousand manats compared to the same period of the previous year, the State Statistics Committee

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State Oil Company of Azerbaijan increases its stake in SOCAR Energy Georgia to 75.5%

SOCAR (State Oil Company of Azerbaijan Republic) increased its share in the Georgian subsidiary SOCAR Energy Georgia to 75.51%, SOCAR said in its annual report for 2017.

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In January-May, Azerbaijan increased oil production by 1.3%, gas – by 0.9%

In January-May 2018, oil production in Azerbaijan amounted to 16 132 thousand tons of oil, which is by 1.3% more than in the same period last year, the State Statistics Committee informs.

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In January-April, Azerbaijan reduced gas export by 3.4%, but increased oil export by 1.3%

In January-April 2018, Azerbaijan exported 3 114.2 million cubic meters of natural gas, which is by 3.4% less than in the same period last year, the Government reported.

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Southern Gas Corridor to get new suppliers

The EU has planed to attract new suppliers to the Southern Gas Corridor project.

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