Azerbaijan

In January, petrol production in Azerbaijan fell by 3%, diesel fuel – by 0.4%

In January 2019, the production of petroleum products in Azerbaijan decreased by 5.6% compared to January last year to 216.8 million manats, the Interfax-Azerbaijan Agency was informed by the State

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Azerbaijan announces expansion of its gas production capabilities.

According to it, the "Shah-Deniz" field remains the main resource base of the country.

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Turkmenistan is ready to resume talks on Trans-Caspian gas pipeline

The Trans-Caspian gas pipeline can make a valuable contribution to the energy security of Eastern Europe. This was stated by advisor to the President of Turkmenistan Yagshigeldi Kakaev.

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Southern Gas Corridor to strengthen the energy security of the entire European Union.

The Southern Gas Corridor (SGK) project, which provided for the transportation of Azerbaijani gas to Europe, would strengthen the energy security of the entire European Union, by the Minister of En

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TAP gas pipeline project completed by 85%

The implementation of the Trans Adriatic Pipeline (TAP) project, which provides for the transportation of the Azerbaijani gas to Europe, has been completed by 85%.

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In January, Azerbaijan export petroleum products for $20 mln

In January 2019, declared export of petroleum products from Azerbaijan amounted to 40.246 thousand tons, the Interfax-Azerbaijan agency was informed by the State Customs Committee.

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In January, Azerbaijan exported oil for $1 bln and increased gas export 7 times

In January 2019, export of declared oil from Azerbaijan amounted to 2 395,069 thousand tons, the Interfax-Azerbaijan agency was informed by the State Customs Committee.

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In Azerbaijan more than 1.5 billion tons of oil is extracted from offshore fields.

The total volume of oil produced before February 2019 from offshore fields in Azerbaijan amounted to 1 billion 67 million tons, the vice-president of SOCAR field development, Yashar Lyatifov, state

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SOCAR Polymer’s net profit from operation of polypropylene and high-density polyethylene plants to be about $2 bln

SOCAR Polymer's revenues from operation of plants for production of polypropylene and high-density polyethylene in Sumgayit is expected to be $6.6 billion, the net profit will be $1.98 billion,

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Subsidiaries of SOCAR and KazMunayGas sign agreement of trust management of self-lifting floating drilling rig

KMG Drilling & Services and Caspian Drilling Company Ltd have signed a contract of trust management of self-lifting floating drilling rig, KazMunayGas reports.

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