Azerbaijan

Azerbaijan and Iran agree on preferential tariff for transportation of oil and oil products

Azerbaijan and Iran agreed on a preferential tariff for transportation of oil and oil products within the North-South corridor.

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SOCAR to sign another EPC-contract within the framework of Baku Oil Refinery modernization.

EPC-contract would be signed within the framework of modernization of Baku Oil Refinery named after Heydar Aliyev, the adviser of the vice-president of the state company SOCAR on strategic developm

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BP plans to start exploratory drilling at the Shafag-Asiman structure of Azerbaijani sector of the Caspian Sea

BP has planned to start exploration drilling at the promising structure of Shafag-Asiman in the Azerbaijani sector of the Caspian Sea, BP-Azerbaijan’s vice-president Bakhtiyar Aslanbayli said

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"Nizhnekamskneftekhim" and SOCAR discuss the prospects for cooperation.

Representatives of Nizhnekamskneftekhim, headed by commercial director Timur Shigabutdinov, paid a working visit to the petrochemical company SOCAR.

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Azerbaijan does not plan to join OPEC - Energy Minister

Energy Minister of Azerbaijan, Parviz Shahbazov, said that the republic did not plan to join OPEC.

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Over 454 mln tons of oil produced at Azeri-Chirag-Guneshli

The total volume of oil extracted from the Azeri-Chirag-Gunashli oilfield block in the period from November 1997 has amounted to 454 million tons, the Azerbaijani Energy Minister Parviz Shahbazov s

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In Q1, export of Azerbaijani gas from the Shah-Deniz field grew by 8%

In quarter of 2018, export of Azerbaijani gas within the Stage 1 of the Shah-Deniz field development amounted to 2 46.2 million cubic meters, which is by 8.3% more than in the same period last year

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SOCAR reduces carbon dioxide emissions by almost half

In 2017, Azerbaijan state-owned company SOCAR reduced carbon dioxide emissions to 5.891 million tons. This was reported by SOCAR.

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In Q1, oil transportation via Baku-Tbilisi-Ceyhan grew by 2%

In the first quarter of 2018, volume of oil pumping through the Baku-Tbilisi-Ceyhan pipeline amounted to 8 258.6 thousand tons, which is by 2.4% more than in the same period of 2017, the State Stat

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Italian Edison to buy natural gas within Shah-Deniz project

The Italian company Edison will purchase natural gas under the Shah Deniz-2 project, the state-owned oil company of Azerbaijan SOCAR reports.

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