Azerbaijan

In 2020, Azerbaijan plans to transport over 4 mln tons of oil

In 2020, Azerbaijan expects to pump at least four million tons of Turkmen oil through the Baku-Tbilisi-Ceyhan oil pipeline.

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In January-February, Azerbaijan increased electricity generation by 1.4%

In January-February 2019, volume of electricity generation in Azerbaijan amounted to 4 178.7 million kWh, which is by 1.4% more than in the same period of the previous year, the Interfax-Azerbaijan

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Lukoil wants to receive 20% in Absheron project in Azerbaijan

Lukoil wants to buy 20% in the Absheron gas project, head of the company Vagit Alekperov told reporters.

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Azerbaijan and Algeria intend to develop cooperation on hydrocarbon projects, petrochemistry and trade of LNG

Baku and Algeria plan to sign a memorandum on cooperation in the oil and gas sector, the Azerbaijani Energy Ministry said.

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Venezuela intends to develop cooperation with Azerbaijan in oil sector and considers possibility to export oil to Russia and China

Venezuela is studying possibility of developing bilateral cooperation with Azerbaijan in the oil sector, the Energy Ministry of Azerbaijan said.

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In Q2, transit of Azerbaijani oil through Russia to exceed 300 thousand tons

Export schedule for the second quarter of 2019 assumes transit of Turkmen oil in the amount of 590 thousand tons compared to 265 thousand tons in the first quarter, a source familiar with the sched

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In January-February, petrol production in Azerbaijan fell by 4.6%, diesel fuel – grew by 3.4%

In January-February 2019, the production of petroleum products in Azerbaijan increased by 0.2% compared to the same period of the previous year to 461.136 million manats, the Interfax - Azerbaijan

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Equinor attracts CDC as drilling contractor to Karabakh field

Azerbaijani-American company Caspian Drilling Company (CDC) has become a contractor of Norwegian company Equinor for drilling operations.

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SOCAR to extend cooperation with Afghanistan in field of petroleum products trade

SOCAR and Afghanistan intend to develop cooperation in the field of trade in petroleum products at the state level, SOCAR informed.

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Costs of fertilizers import in Azerbaijan are almost $100 mln per year

Costs of fertilizer import to Azerbaijan make up about $ 80-90 million per year.

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