Azerbaijan Oil and Gas

Azerbaijan annually exports 6.6 bln cubic m of gas to Turkey, 2 bln cubic m to Georgia

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.

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Total investments in development of Azeri-Chirag-Guneshli are $30 bln

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

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Gas extraction in Azerbaijan to reach 40 bln cubic m a year in 2025 – SOCAR

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.

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SOCAR starts drilling of new well at shallow part of Guneshli

SOCAR has begun drilling a new production well in the shallow part of the Guneshli field on the Caspian shelf.

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Azerbaijan urges OPEC to continue reducing oil production.

The head of the Ministry of Energy of the Republic stated that thanks to the current agreements it was possible to stabilize prices.

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SOCAR plans to complete reconstruction of Baku oil refinery by 2021

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.

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In 2006-2017, gas production at the Shah-Deniz field was 81 bln cubic meters

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

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In 1971-2017 Azerbaijan extracted 1 bln tons of oil

The volume of oil extracted in Azerbaijan until December 2017 will reach 2 bln tons, the first Vice-President of SOCAR, Kh. Yusifadze, said.

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Azerbaijan finds it reasonable to prolong agreement on reduction of oil production till the end of 2017

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

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Total oil extraction from ACG block made up 423.5 mln tons – SOCAR

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.

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