Azerbaijan

In H1, SOCAR increased drilling volumes by 2.4%

The dDrilling departments of SOCAR performed 81.896 thousand meters of drilling operations in the first six months of 2019, SOCAR reported.

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SOCAR makes regular payment on interest to bondholders

On Wednesday SOCAR (State Oil Company of Azerbaijan) made the 11th payment in the amount of $1.25 million in interest to the holders of SOCAR bonds, SOCAR Capital reported.

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Azerbaijan lowers exports of petroleum products by 5% in the first half of the year.

The declared export of oil products from Azerbaijan in H1 2019 amounted to more than 520 thousand tons, the Interfax reports.

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EU and Turkmenistan works on framework agreement on gas supplies to Europe

The EU and Turkmenistan are working on a framework agreement on supply of Turkmen gas to Europe. This was announced by the chargé d'affaires of the EU delegation to Turkmenistan L.

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Ukraine reduces imports of oil and crude oil by 23%

The Ukraine has reduced imports of oil and crude oil by 23.2%, compared with the same period in 2018 to 31.698 thousand tons. We are talking about the first half of 2019.

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In 2018, SOCAR received about 1 billion manats from state budget for drilling at a number of fields and to cover losses

In 2018, SOCAR received 959 504.28 thousand manats from the state budget to carry out drilling operations at a number of fields and to cover losses in connection with sale of gas to Azerenerji.

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Azerbaijani Energy Ministry: In H1 of the year, oil production in Azerbaijan amounted to 771 thousand barrels per day under agreements within OPEC+ at the level of 776 thousand barrels per day

In January-June 2019, oil production in Azerbaijan amounted to 771 thousand barrels per day, the Energy Ministry of Azerbaijan reports.

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SOCAR: In H1, Azerbaijani gas supplies to Turkey via TANAP were about 1 billion cubic meters

In the first half of 2019, supply of Azerbaijani gas from the Shah-Deniz field to Turkey through the Trans-Anatolian gas pipeline (TANAP) amounted to 953.3 million cubic meters, SOCAR reported.

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BP has no plans to participate in operating company for operation of TANAP

British company BP doesn’t plan to participate in operating company for operation of the Trans-Anatolian gas pipeline (TANAP).

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TANAP gas pipeline not to compete with Turkish Stream

The trans-Anatolian gas pipeline (TANAP) will not be able to compete significantly with the Turkish Stream. This is the conclusion reached by experts from Aton and Sberbank CIB.

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