Azerbaijan

SOCAR plans to export two thirds of carbamide from its new plant to Turkey

SOCAR (state oil company of Azerbaijan) is preparing to launch a complex of carbamide and ammonia production. Most of the products are planned to be exported, Interfax reports.

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LUKOIL expands network of filling stations in Azerbaijan to 58 stations

LUKOIL-Azerbaijan expanded its network of filling stations. The 58th petrol station under the LUKOIL brand was opened in Baku.

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In Q4 2018, SOCAR to launch new bitumen unit at Baku oil refinery

New bitumen unit at Baku oil refinery n.a. Heydar Aliyev will be put into operation in the fourth quarter of 2018, SOCAR reports.

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Southern Gas Corridor to provide about 50% of the Balkan states’ needs in natural gas

The Southern Gas Corridor will be able to provide about 40-50% of the Balkan countries' natural gas needs. This was stated by the Energy Minister of Azerbaijan Parviz Shahbazov.

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SOCAR: Shah-Deniz consortium supplies about 200 mln cubic meters of gas to Turkey via TANAP

Since June 30, 2018, the volume of Azerbaijani gas from the Shah-Deniz field, exported to Turkey via the Trans-Anatolian gas pipeline (TANAP), amounted to 198 million cubic meters, the first vice-p

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Construction of polyethylene enterprise in Sumgayit is 98% completed

SOCAR Polymer (Azerbaijan) has almost completed construction and installation works on the production of low-pressure polyethylene, the Interfax reports.

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SOCAR completes design work on GPC complex in Azerbaijan

SOCAR (State Oil Company of Azerbaijan) has completed the initial engineering and design of a new gas processing and polymer complex (GPC) in Garadagh district of Baku, the company's president

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Head of SOCAR: Total investments in oil and gas sector of Azerbaijan under PSA contracts exceed $80 bln

Total investments in the oil and gas sector of Azerbaijan under production sharing agreements (PSA) with foreign companies amounted to $80.3 billion, president of SOCAR Rovnag Abdullayev reports.

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In January-August, petrol production in Azerbaijan grew by 3%

In January-August 2018, production of petroleum products in Azerbaijan increased by 7.6% to 2 92.6 million manats compared to the same period of the previous year, the Interfax - Azerbaijan was inf

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SOCAR completes the design work on the GPC complex in Azerbaijan.

SOCAR (the State Oil Company of Azerbaijan) has completed the initial engineering and design of a new gas processing and polymer complex (GPC) in Garadagh district of Baku, the company's presid

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