Azerbaijan

Production at large field in Azerbaijan to increase

The Canadian company Zenith Energy intends to maximize production at 34 operating production wells at the block in Azerbaijan.

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SOCAR to build new oil refining unit at BNPZ

SOCAR (State Oil Company of Azerbaijan, SOCAR) plans to build a new unit for the primary processing of oil (desalter, CDU/VDU) at the Baku Oil Refinery named after G.

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Fitch: Dependence of Azerbaijan from export of hydrocarbons remains high, oil production in the country to increase till 2022 and then to gradually fall till 2025

Azerbaijan's dependence on hydrocarbon exports has remained high, representative of the international rating agency Fitch Ratings Marina Stefani believes.

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Azerbaijan refuses large loan for Southern Gas Corridor

Azerbaijan's Southern Gas Corridor doesn’t need a direct loan from the Asian Development Bank. The loan is not in demand due to optimization and reduction of project costs.

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SOCAR stops transit of oil through Russia for undefined time

Azerbaijani SOCAR will not resume oil pumping through the Baku-Novorossiysk pipeline in April. This was reported by head of the oil company’s press centre Ibrahim Akhmedov.

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In 2019, average daily production of oil in Azerbaijan to be 776.5 thousand barrels

In 2019, average daily oil production in Azerbaijan will amount to 776.5 thousand barrels per day, adviser to the Energy Minister, head of the press centre the Energy Ministry Zamina Aliyeva report

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Azerbaijan increases gas exports to Turkey by 36% in January

In January 2019 Azerbaijan exported 808.36 million cubic meters of gas produced from the Shah-Deniz field to Turkey. This is 36.1% higher than the same period of 2018.

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BP increases net gas production in Azerbaijan

In 2018, volume of net oil and gas condensate production in Azerbaijan, carried out by BP through its subsidiaries, amounted to 72 thousand barrels per day.

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In Q1, SOCAR reduced export of oil via Baku-Novorossiysk pipeline by 22%

SOCAR exported 249.54 thousand tons of oil via the Baku-Novorossiysk oil pipeline in the first quarter of 2019.

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