BP

BP forecasts growth in oil production in Russia to 13 million barrels per day by 2040.

The British oil and gas corporation BP predicts an increase in oil production in Russia by 2 million barrels per day by 2040 - up to 13 million barrels per day compared to 2016, according to the co

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Oil production at the ACG block was conducted from 115 wells in 2017

Oil production at the Azeri-Chirag-Guneshli (ACG) block in 2017 was carried out from 115 production wells, the press service of the Azerbaijan International Operating Company (AIOC-operator for the

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In January export of Azerbaijani gas from Shah Deniz field increased slightly

The export of Azerbaijani gas in Phase 1 of the Shah Deniz field development in January 2018 amounted to 698.5 million cubic meters, which is 0.4% higher than the same period last year, the State S

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In 2017 the oil flow volume from Azerbaijan to Turkey via BTC reached 253 million barrels

Transit of oil through pipelines in Georgia in 2017 amounted to 281.7 million barrels, which is 0.9% less than in 2016, the Georgian Oil and Gas Corporation (GOGC) reports.

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In 2017, Rosneft provided a third of BP’s production

In 2017, share of Rosneft in hydrocarbons production of BP made up 31.4%, it follows from the BP’s report. The share of Rosneft in the oil production of the company was 40%.

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SOCAR: Gas production within Shah-Deniz 3 may be more than expected 5 bln cubic meters per year

Azerbaijani state-owned company SOCAR studies possibilities of the third phase of the Shah-Deniz gas condensate project development.

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BP: work progress on Shah Deniz-2 and Southern Gas Corridor to make gas transportation possible by mid-2018

Implementation of the Shah Deniz-2 project and expansion of the Southern Gas Pipeline project are nearing completion, regional president of BP for Azerbaijan, Georgia and Turkey Gary Jones said on

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The implementation of the Southern Gas Corridor project enters the decisive stage.

The implementation of the Southern Gas Corridor project is almost complete, the regional president of BP for Azerbaijan, Georgia and Turkey, Gary Jones, stated at the meeting with the Minister of E

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Volume of Azerbaijani profit oil, produced from Azeri-Chirag-Gunashli, made up about 251 mln tons as of the beginning of 2018

As of January 1, 2018, the total volume of Azerbaijan's profit oil, produced so far from the Azeri-Chirag-Gunashli fields block, made up 250.7 million tons, the first vice-president of SOCAR Kh

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Azerbaijan to receive first tranche of the bonus for extension of the development of the Azeri-Chirag-Gunashli oil block as early as 2018

In 2018 Azerbaijan will receive the first tranche of the bonus from a consortium of foreign investors for the extension of the contract for the development of the Azeri-Chirag-Guneshli (ACG) oil fi

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