Azerbaijan Oil and Gas

Southern Gas Corridor to be launched by the end of the year

The Southern Gas Corridor, intended for supply of Azerbaijani gas to Europe, will be put into operation by the end of this year, the Azerbaijani En

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In 2019, SOCAR's net profit amounted to 651 million manats

In 2019, the SOCAR's revenues amounted to 83 752 million manats, and its net profit was 651 million manats.

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State oil company of Azerbaijan increases its share in SOCAR Energy Georgia to 91.8%

SOCAR increased its equity participation in its Georgian subsidiary SOCAR Energy Georgia LLC to 91.8%.

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Gas imports from Russia to Turkey have fallen markedly

In April, Turkey reduced gas imports by 25.81% in annual terms to 2.634 billion cubic meters.

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Canadian company stops oil production on the land of Azerbaijan

The Canadian company Zenith Energy Ltd. has stopped oil production from the Muradkhanli-Jafarli-Zardab contract block on the land of Azerbaijan.

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Azerbaijan to supply another 85-90 thousand tons of oil to Belarus

Azerbaijan's state oil and gas company SOCAR intends to ship 85-90 thousand tons of oil to Belarus on June 25-26.

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In January-May 2020, Azerbaijan increased gas production by 13.6% and exports by 13.4%, but reduced oil production by 3%, exports - by 3.6%

In January-May 2020, gas production in Azerbaijan amounted to 16.4 billion cubic meters, increased by 13.6% compared to the same period of the prev

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In January-April, Azerbaijan imported about 22 thousand tons of Premium Euro-95 petrol, 98% of deliveries fell on Russia

In January-April 2020, Azerbaijan imported 21 785.51 tons of Premium Euro-95 petrol to tha amount of $15 515.9 thousand, the Government reported to

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As of end of 2019, gas reserves in Azerbaijan estimated at 2.8 trillion cubic meters

As of end of 2019, Azerbaijan's confirmed gas reserves were estimated at 2.8 trillion cubic meters.

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In January-May, Azerbaijan reduced revenue from oil export by 24.6% and export gas for $1 bln

In January-May 2020, export of declared oil from Azerbaijan amounted to 13 773 410.51 tons (nomenclature code is 2709), the State Customs Committee

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