Azerbaijan

In H1, Azerbaijan increased electricity generation by 2%

In the first six months of 2017, the volume of electricity generation in Azerbaijan amounted to 11 199.6 million kWh, which is by 2.2% more than in the same period last year, the State Statistics C

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SOCAR increases number of filling stations in Romania to 38

SOCAR has put into operation a new gasoline filling station in Romania, according to information on the official website of SOCAR.

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In H1, Export of Azerbaijani gas from the Shah-Deniz field grew by 6%

In the first six months of 2017, export of Azerbaijani gas within the first stage of the Shah-Deniz field development made up 3 801.2 million cubic meters, which is by 5.8% more than in the same pe

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In January-May, Azerbaijan increased gas export by 8%

In January-May 2017, Azerbaijan exported 3 771.7 million cubic meters of natural gas, which is by 8.2% more than in the same period last year, the country’s Government reports.

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SOCAR waiting for government's decision to allocate funds from state budget for petrol imports

The State Oil Company of Azerbaijan (SOCAR) expects the government to provide funds from the state budget needed to purchase certain volumes of AI-92 and AI-95 petrol in connection with the closure

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In January-May, oil export from Azerbaijan fell by 10%

In January-May 2017, Azerbaijan exported 13 344.400 thousand tons of oil, which is by 10.1 percent less than in the same period last year, the country’s Government reports.

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In H1, petrol production in Azerbaijan grew by 8%

In the first six months of 2017, production of oil products in Azerbaijan decreased by 7.3% compared to the same period in 2016 to 1 billion 330.4 million manats, the State Statistics Committee rep

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Turkey earns $8 billion on Azerbaijan oil and gas projects

The Turkish state and companies have earned over $8 billion on the implementation of the projects of the main export oil pipeline Baku-Tbilisi-Ceyhan (BTC), Transanatolian gas pipeline (TANAP) and

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SOFAZ’s assets grew by 5% since the beginning of this year

As of July 1, 2017, assets of the State Oil Fund of Azerbaijan (SOFAZ) increased by 4.96% compared to the beginning of 2017 ($33.147 billion) and amounted to $34.79 billion.

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In H1, SOCAR reduced oil production by 2%

In the first six months of 2017, SOCAR produced 3 705.4 thousand tons of oil, which is by 2.1% less than in the same period of last year, SOCAR reports.

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