Azerbaijan Oil and Gas

European Investment Bank evaluates possibilities to finance TAP and TANAP

The European Investment Bank is currently evaluating the feasibility of financing the construction of the Trans Adriatic (TAP) and Trans Anatolian (TANAP) gas pipelines.

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"Uzbekneftegaz" plans to work on the shelf of the Caspian Sea.

The Uzbekneftegaz company plans to implement a number of joint projects with the Azerbaijani and Turkmen colleagues on the Caspian shelf.

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Overhaul to be carried out at SOCAR’s methanol plant in 2017

In 2017, the Baku methanol plant, which is operated by SOCAR Methanol, will be overhauled.

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SOCAR launches sea base №500 at the Banka Darvina field after overhaul

The production association Azneft of SOCAR has commissioned the sea base №500 at the Banka Darvina field after overhaul, SOCAR informs.

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In January-May, export of Azerbaijani gas from the Shah-Deniz field grew by almost 6%

In January-May of 2017, the export of Azerbaijani gas within the stage-1 of the Shah-Deniz field development amounted to 3 197.1 million cubic meters, which is by 5.6% more than in the same period

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In January-April, Azerbaijan increased gas export by 4%

In January-April 2017, Azerbaijan exported 3 85 million cubic meters of natural gas, which is by 4% more than in the same period last year, the Azerbaijani Government reports.

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In January-April, Azerbaijan reduced oil export by 10%

In January-April 2017, Azerbaijan exported 10 622,100 tons of oil, which is by 10.2% less than in the same period of the previous year, the Azerbaijani Government informs.

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6 Russian companies contend to Iranian hydrocarbons

The Iranian National Oil Company has expanded the list of tender participants for the development of oil and gas fields in the Islamic Republic.

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In January-May, petrol production in Azerbaijan grew by 11%

In January-May 2017, the production of oil products in Azerbaijan decreased by 7.1% compared to the same period in 2016 to 1 139.73 million manats, the State Statistics Committee reports.

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Bulgaria starts talks with SOCAR on gas hub Balkan

Bulgartransgaz has started negotiations with the Azerbaijani state-owned company SOCAR on the volume of the gas supplies to the Balkan hub.

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