SOCAR

In 2018, SOCAR to receive 100 mln manats from state budget for drilling operations

In 2018, SOCAR will receive 100 million manats from the state budget of Azerbaijan for drilling operations, the country’s Finance Minister Samir Sharifov said on Wednesday.

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Gazprom welcomes back Azerbaijan

After 11 years Azerbaijan has returned to buying gas from Gazprom.

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Azneft launches two wells after repair

Production association Azneft (structure of SOCAR for oil and gas production) has commissioned after repair well at the Alat-deniz field, the company reports.

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SOCAR launches three new wells in the Caspian Sea

The Azerbaijani state-owned company SOCAR will produce additional 15.3 thousand tons of oil annually due to commissioning of three new wells at the Western Absheron offshore field.

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In the first 9 months, AIOC increased supplies of associated gas to SOCAR by 22%

The Azerbaijani International Operating Company (AIOC, operator for the development of the Azeri-Chirag-Gunashli block) supplied 2.4 billion cubic meters of gas to SOCAR in January-September 2017,

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In January-October, SOCAR reduced gas production by 4%

In January-October 2017, SOCAR produced 4 999 million cubic meters of gas, which is by 4.1% less than in the same period last year, SOCAR reports.

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In January-October, SOCAR reduced oil production by 2%

In January-October 2017, SOCAR produced 6 198.3 thousand tons of oil, which is by 1.9% less than in the same period last year, SOCAR reports.

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Export of SOCAR Polymer’s products to provide Azerbaijan with incomes of $8 bln

SOCAR has expected total export revenues at the level of $8 billion for the entire period of the activity of SOCAR Polymer two plants, SOCAR’s president Rovnag Abdullayev said at the business

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In January-September, Azerbaijan increased gas export by 8%

In January-September 2017, Azerbaijan exported 6 230.1 million cubic meters of natural gas, which is by 7.7% more than in the same period last year, the Government reports.

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In January-October, Azneft produced over 5.1 mln tons of oil and 4.3 bln cubic meters of gas

In January-October 2017, production association Azneft (structure of SOCAR for oil and gas production) produced 5 135.9 thousand tons of oil and 4.34 billion cubic meters of gas, the association re

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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