Azerbaijan Oil and Gas
Azerbaijan annually exports about 6.6 bln cubic m of gas to Turkey, 2 bln cubic m to Georgia, the first deputy head of the gas export department of SOCAR, N. Samedadze, said.
As of end of 2016, the total investment in the Azeri-Chirag-Guneshli fields development project made up $30 billion, said deputy vice-president for investments and marketing of SOCAR Vitaly Beglyar
Gas extraction in Azerbaijan will reach 40 bln cubic m a year by 2025, the first deputy head of the gas export department of SOCAR, N. Samedadze, said.
SOCAR has begun drilling a new production well in the shallow part of the Guneshli field on the Caspian shelf.
The head of the Ministry of Energy of the Republic stated that thanks to the current agreements it was possible to stabilize prices.
By the end of 2020 SOCAR plans to complete the reconstruction and modernization of the Baku oil refinery plant, the head of the enterprise, E. Ismailov, said.
In 2006-2017, the total volume of gas production from the Shah-Deniz field made up 81 billion cubic meters, the SOCAR’s first vice-president Khoshbakht Yusifzade said on Tuesday, speaking at
The volume of oil extracted in Azerbaijan until December 2017 will reach 2 bln tons, the first Vice-President of SOCAR, Kh. Yusifadze, said.
Azerbaijan finds it reasonable to prolong agreement on reduction of oil production till the end of 2017Edited by Rhod Mackenzie / 2017-04-25 01:36:04
Azerbaijan has considered it expedient to extend the agreement on reducing oil production by the OPEC and non-OPEC countries till the end of 2017, the country’s Energy Minister Natig Aliyev s
The total volume of oil extracted from the ACG block until now made up 423.5 mln tons, the first Vice-President of SOCAR, Kh. Yusifadze, said.