Azerbaijan Oil and Gas

Azerbaijan to help Australia in development of gas fields

Azerbaijan could help Australia in the development of gas fields. This is the opinion of president of the Azerbaijan Chamber of Commerce in Australia Nizami Jafarov.

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In 2018, SOCAR to start retailing with CNG in Azerbaijan

From the second quarter of 2018, SOCAR Petroleum (subsidiary of SOCAR) will start retailing with compressed natural gas (CNG) at all filling stations under the SOCAR brand in Azerbaijan, the compan

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Azerbaijan intends to consider prolongation of OPEC+

The Energy Minister of Azerbaijan Parviz Shahbazov said that Azerbaijan would consider extending the OPEC+ agreement on oil production reduction. This is reported by RIA Novosti.

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In the first 9 months, oil transit via Georgian pipelines fell by 3.9%

In January-September 2017, transit of oil through pipelines in Georgia amounted to 209.5 million barrels, which is by 3.9% less than in the same period in 2016, the Georgian oil and gas corporation

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In the first 9 months, output of chemical products in Azerbaijan grew by 18.1%

In January-September 2017, chemical enterprises of Azerbaijan increased production by 18.1%, compared to the same period in 2016, the State Statistics Committee reports.

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In January-September, export of Azerbaijani gas from the Shah-Deniz field grew by 2.5%

In January-September 2017, of Azerbaijani gas within the stage 1 of the Shah-Deniz field development amounted to 5 384.7 million cubic meters, which is by 2.5% more than in the same period last yea

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SOCAR plans to issue new bonds for placement in Azerbaijan in 2018

SOCAR (State Oil Company of Azerbaijan Republic, SOCAR) is planning a new issue of corporate bonds for placement in the domestic market in 2018, SOCAR's chief adviser on securities issue, a mem

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In January-September, petrol production in Azerbaijan grew by 5%

In January-September 2017, production of oil products in Azerbaijan decreased by 9.8% compared to the same period in 2016 to 1 960.2 million manats, the State Statistics Committee reports.

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SOCAR Methanol expects to increase methanol sale on domestic market

In January-September 2017, SOCAR Methanol produced 240 thousand tons of methanol, general director of the company Elnur Mustafayev said at the International Oil Summit Argus -2017 in  Baku on

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In January-September, oil production in Azerbaijan fell by 8%, gas - by 5.3%

In January-September 2017, oil production in Azerbaijan amounted to 28 792.8 thousand tons of oil, which is by 8% less than in the same period last year, the State Statistics Committee reports.

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