Azerbaijan Oil and Gas

Azerbaijan may produce up to 50 bln cubic meters per year

By 2025, volume of gas production in Azerbaijan could reach 50 billion cubic meters per year.

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SOCAR to make final investment decision on project of gas processing and petrochemical complex before the end of 2019

Final investment decision on project of gas processing and petrochemical complex SOCAR GPC will be made in the fourth quarter of 2019. On April 22, 2019, financial director of SOCAR Polymer of R.

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Azerbaijan is ready to supply oil to Belarus: ambassador.

Azerbaijan does not see any obstacles in the supply of oil to Belarus in case of its circulation on this issue, the Azerbaijani ambassador to Belarus Latif Gandilov announces, 1news.az reports with

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Star refinery to increase its capacities on oil and petroleum products storage 1.6 times by 2021

Turkish refinery Star plans to increase capacity of a plant for storage of crude oil and petroleum products 1.6 times until 2021. This was stated by general director of the company Mesut Ilter.

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Head of Azerbaijani Ministry of Energy: Prolongation of OPEC+ deal in June to depend on geopolitics and level of commercial oil stocks

The prolongation of the OPEC+ deal to reduce oil production in June 2019 will depend on a number of geopolitical factors and level of decline in commercial oil stocks, the Azerbaijani Energy Minist

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SOCAR AQS plans to continue drilling in Bangladesh

Azerbaijani SOCAR AQS completed drilling at one of the wells in Bangladesh in January 2019. This was announced by SOCAR AQS chief director Ramin Isaev.

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SOCAR’s head: sale of shares of Chervron and ExxonMobil in Azeri-Chirag-Gunashli project to be conducted through tender

SOCAR and its foreign partners in the project of the Azeri-Chirag-Gunashli block of fields development intend to participate in a tender for purchase of shares in this project, which will be put up

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Azerbaijan plans to start gas supplies to Europe via TAP in 2020

Commercial deliveries of the Azerbaijani gas via the Trans-Adriatic gas pipeline (TAP) to Europe will begin in the second half of 2020, the head of the State Oil Company of Azerbaijan’s Inves

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In Q1, Azerbaijan export oil for $3.5 bln and increased gas export 3.2 times, while incomes – 2.5 times

In the first quarter of 2019, export of declared oil from Azerbaijan amounted to 7 697.392 thousand tons, the Interfax-Azerbaijan Agency was informed by the State Customs Committee.

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Azerbaijan, Turkmenistan and Turkey to cooperate in alternative energy field

A trilateral meeting on energy cooperation between Turkey, Azerbaijan and Turkmenistan was held in Istanbul.

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