Azerbaijan

SOCAR has started to drill a new well at Chilov deposit

SOCAR has started to drill a new well at the Chilov deposit.

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SOCAR to drill another 8 wells at Darwin Bank deposit

The reconstruction of the platform goes on.
SOCAR reconstructs the platform #740 at the Darwin Bank deposit from which the company plans to drill 8 wells.

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Saleable gas reserves in Azerbaijan made up about 6.8 bln cubic m as of the end of Q1

The reserves of saleable gas in Azerbaijan as of the end of Q1 2017 made up 6 bln 762.3 mln cubic m, the State Statistics Committee reports.

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SOCAR increased number of filling stations in Romania to 36

SOCAR has launched a new gasoline filling station in Romania, according to information on the official website of SOCAR.

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In January-April, SOCAR reduced oil production by 2.5%

In January-April 2017, SOCAR produced 2 459.2 thousand tons of oil, which is by 2.5% less than in the same period last year, SOCAR reports.

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In January-April 2017 SOCAR reduced gas production by 7%

In January-April 2017 SOCAR extracted 1 bln 957.5 mln cubic m of gas, which is by 7.4% lower than in January-April 2016.
In April SOCAR produced 494.8 mln cubic m of gas.

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Since the beginning of 2017, SOCAR’s methanol plant produced about 57 thousand tons of methanol

SOCAR Methanol has produced 56 610.13 tons of methanol since early 2017, the company informs.

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SOCAR and Uzbekneftegas to develop deposits together

SOCAR and Uzbekneftegas have agreed on the joint development of deposits.
The heads of SOCAR, R. Abdullaev, and Uzbekneftegas, A. Sultanov, signed a memorandum of understanding.

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Azerbaijan reduced oil export by 10% in Q1

In Q1 2017 Azerbaijan exported 7 mln 951.3 thousand tons of oil, which is by 10.2% lower than in Q1 2016.

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Oil extraction in Azerbaijan fell by 9.5% in January-April 2017

Oil extraction in Azerbaijan fell by 9.5% to 12.642 mln tons in January-April 2017 against January-April 2016, gas production fell by 6.9% to 9.245 bln cubic m.

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