Azerbaijan Oil and Gas

The president Ilham Aliyev attends the opening of the SOCAR karbamid plant.

On January 16 the SOCAR karbamid plant, built on the territory of the Sumgayit Chemical Industrial Park, was commissioned.

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In 2018, Azerbaijan kept leadership in export of diesel fuel to Georgia – 31.3% of total volume

In 2018, Georgia, which meets its needs in petroleum products by almost 100% due to imports, brought to the country 1 98.9 thousand tons of petrol and diesel fuel, which is by 0.3% more than in 201

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Azerbaijan plans to create PVC production worth $ 80 million

The Azerbaijan Export & Investment Promotion Foundation (Azpromo) proposes to set up production of polyvinyl chloride in the country, Interfax reports.

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In 2018 Azerbaijan exported to Ukraine oil for $407 million

Ukraine in 2018 reduced imports of oil and oil products by 24.3% compared to 2017 - to 766.832 thousand tons.

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BP to open a new giant field in Azerbaijan.

BP and its partners invested $ 28 billion into the development of a giant gas field in Azerbaijan (Shah Deniz), and this can only be the beginning, the regional president of BP for Azerbaijan, Geor

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Azerbaijani Energy Ministry: in 2018, average daily oil production in Azerbaijan was 792.6 thousand barrels

In 2018, the average daily volume of oil production in Azerbaijan amounted to 792.6 thousand barrels, which is by 1.4% higher than in 2017, the Ministry of Energy told the Interfax-Azerbaijan.

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In December, Azerbaijan reduced oil production to 790 thousand barrels per day under OPEC+ agreement

Daily volume of oil production in Azerbaijan in December 2018 amounted to 790 thousand barrels against 801 thousand barrels per day in November, the country’s Ministry of Energy reported.

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Construction of interconnector with Trans-Adriatic pipeline to start on January 12, 2019

Italian Snam has announced start of construction of an interconnector with TAP. The work will begin on January 12, 2019.

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100 bcm of gas are produced at the Shah Deniz field.

The total gas production from the Shah-Deniz gas condensate field (GKF) in Azerbaijan amounted to 100 billion m3 of gas in 2006-2018, the project operator, BP-Azerbaijan announced on January

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Income from sale of Azerbaijani profit oil from Azeri-Chirag-Gunashli block exceeds $138 bln

Revenues to the State Oil Fund of Azerbaijan from the sale of profitable oil from the Azeri-Chirag-Gunashli block and gas condensate from the Shah-Deniz field in 2018 amounted to $9 720 million.

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