Azerbaijan

Iranian authorities start negotiations on supply of electricity to Russia

Iran is going to supply electricity to Russia in order to connect to electric networks.

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Russian position on European gas market not to suffer because of definition of Caspian Sea status

The convention on the status of the Caspian Sea, signed last weekend by the leaders of five countries – Russia, Azerbaijan, Turkmenistan, Kazakhstan and Iran – will not affect the Russi

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Fall in lira’s value may help SOCAR to extend business in Turkey

The weakening of the Turkish lira can help SOCAR in implementation of its plans to expand the business in Turkey, the Interfax Global Energy reports.

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In January-July, SOFAZ’s income from sale of profit oil of Azerbaijan from Azeri-Chirag-Gunashli block and gas condensate from Shah-Deniz exceeded $5.6 bln

Revenues to the State Oil Fund of Azerbaijan (SOFAZ) from the sale of profit oil from the Azeri-Chirag-Gunashli block of fields and gas condensate from the Shah-Deniz field in January-July 2018 amo

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In January-July, Azerbaijan doubled export of electricity

In January-July 2018, Azerbaijan exported 1 205 532.49 thousand kWh of electricity, which is 2 times more than in the same period in 2017, as it was informed by the State Customs Committee.

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In January-July, Azerbaijan increased export of reportable oil by 46%

In January-July 2018, export of reportable oil from Azerbaijan amounted to 16 658.927 thousand tons, as it follows from the State Customs Committee’s report.

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SOCAR buys assets of German energy giant EWE in Turkey

German EWE is preparing to withdraw from the energy market of Turkey and to sell its share in Bursagaz and Kayserigaz.

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In July, Azerbaijan reduced oil production to 773 thousand barrels per day

In July 2018, daily volume of oil production in Azerbaijan amounted to 773 thousand barrels, the country’s Ministry of Energy reported.

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SOCAR-AQS starts drilling new well at West Absheron field

SOCAR-AQS LLC started drilling a new well in the West Absheron field, the company informed. Well No. 63 will be drilled from offshore platform No.10. The design depth of the well is 724 meters.

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SOCAR Turkiye Enerji expects start of Azerbaijani gas supply to Greece via TANAP by 2020

Start of Azerbaijani gas supplies via the Trans-Anatolian gas pipeline (TANAP) is expected by the end of 2019, head of SOCAR Turkiye Enerji (Turkish subsidiary of SOCAR) Zaur Gakhramanov reported.<

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