Azerbaijan Oil and Gas

SOCAR develops new route for transportation of polyethylene to Russian market

SOCAR (state-owned oil company of Azerbaijan) plans to start deliveries of low-pressure polyethylene, produced at SOCAR Polymer plant, to Russia in June 2019, the Rupec reports citing a source in t

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SOCAR develops new route for delivery of polyethylene to Russian market

SOCAR (the State Oil Company of Azerbaijan) plans to start deliveries of low-pressure polyethylene (HDPE) produced at SOCAR Polymer to Russia in June 2019.

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Azerbaijan stands for the renewal of OPEC+ transaction on same terms

Azerbaijan’s Energy Minister Parviz Shahbazov believes that it would be advisable to extend the OPEC+ deal to reduce oil production under the same conditions.

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Azerbaijan increases natural gas exports

Azerbaijan's natural gas export has increased by 78.8%. In January-May 2018, the share of "blue fuel" in the country's export grew from 6.77% to 10.12%.

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Equinor plans to start exploration drilling on the Aipara structure in the Caspian Sea in the first quarter of 2020

The Norwegian company Equinor plans to start drilling of the first exploration well on the promising structure of Aipara in the Azerbaijani sector of the Caspian Sea in the first quarter of 2020, t

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By 2020, SOCAR to increase number of filling stations in Azerbaijan to 31

SOCAR Petroleum (subsidiary of SOCAR) plans to increase number of filling stations under the SOCAR brand in Azerbaijan to 31 by the end of 2019, SOCAR Petroleum reported on its official page on the

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In January-May, Azerbaijan reduced oil production by 2.8% and increased gas production by 22.6%

In January-May 2019, oil production in Azerbaijan amounted to 15 686.3 thousand tons, which is by 2.8% less than in the same period of the previous year, the State Statistics Committee informed.

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Azerbaijan accounts for 98% of oil imported to Ukraine

In January-May 2019, the Ukraine reduced imports of oil and crude oil (2709 code of foreign trade classification of goods) by 29.1% compared to the same period in 2018 to 269.429 thousand tons.

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SOCAR creates SOCAR Turkiye Dogal Gas Yatirim to manage assets purchased from EWE A.G in Turkey.

SOCAR (the State Oil Company of Azerbaijan) established SOCAR Turkiye Dogal Gas Yatirim AS to manage five Turkish companies acquired from the German energy company EWE A.G, Turkish media reported.<

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Bankrupt Antipinsk Oil Refinery may lose prospective oil fields.

They were supposed to go to the Azerbaijani SOCAR together with the plant.

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