Azerbaijan

In 2017, production of petrol in Azerbaijan grew by 5%

In 2017, the production of petroleum products in Azerbaijan decreased by 7.8% compared to 2016 to 2 727.3 million manats, the country’s State Statistics Committee informs.

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SOCAR makes another interest payment to holders of bonds for $100 million

SOCAR (State Oil Company of Azerbaijan, SOCAR) made the fifth payment of $1.25 million on interest to holders of SOCAR bonds on Wednesday, SOCAR Capital reported.

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In January-November 2017, Azerbaijan increased gas export by 11%

In January-November 2017, Azerbaijan exported 7 905.3 million cubic meters of natural gas, which is by 10.9% more than in the same period in 2016, the Government told the Interfax-Azerbaijan.

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So far Azerbaijan has invested $8.6 billion into Southern Gas Corridor

CJSC "Cаnub Qaz Dehlizi" (CQD) has so far spent $ 8.6 billion on the implementation of the Southern Gas Corridor project, General Director Afgan Isayev said in an interview with local med

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In January-November 2017, Azerbaijan reduced export of oil by 7%

In January-November 2017, Azerbaijan exported 29 954.1 thousand tons of oil, which is by 6.6% les than in the same period of 2016, the Government told the Interfax-Azerbaijan.

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In 2017, Georgia increased import of electricity from Azerbaijan 8.4 times

In 2017, electricity production in Georgia amounted to 11 531.2 million kWh, which is by 0.4% less than in 2016, the Commercial Operator of the Electric Power System of Georgia (ESCO) informs.

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SOCAR intends to invest in upgrade of pipelines in Georgia in 2018

Azerbaijani state-owned oil company SOCAR has planned to invest in modernization of old pipelines in Georgia in 2018.

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Ilham Aliyev: SOCAR to study issues of provision of Bulgaria with gas

The Azerbaijani company SOCAR will soon study the issues of provision of Bulgaria with gas and will inform about the opportunities.

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In 2017, SOCAR reduced oil production by 1%

In 2017, SOCAR produced 7 427.1 thousand tons of oil, which is by 1.3% less than in 2016, the company informs.
Last December, SOCAR produced 624.3 thousand tons of oil.

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In 2017, oil production in Azerbaijan fell by 6%, gas – by 3%

In 2017, oil production in Azerbaijan amounted to 38 688.9 thousand tons, SOCAR reports.

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