Azerbaijan Oil and Gas

Latvia to help Belarus with oil

Latvia can provide oil supplies to Belarus via the Polotsk-Ventspils oil pipeline, which has a capacity of 8 million tons.

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SOCAR: We are technically unable to supply oil to Belarus

We can technically supply both Azerbaijani oil and oil from other countries to parties wishing to buy it.

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President of Azerbaijan: Production of the first gas from Absheron field in the Caspian Sea may begin at the turn of 2020-2021

Production of the first gas from the Absheron field in the Azerbaijani sector of the Caspian Sea may begin at the turn of 2020-2021, the Azerbaijani President Ilham Aliyev said.

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SOCAR and BP start drilling of the first exploration well at Shafag-Asiman structure in the Azerbaijani sector of the Caspian Sea

SOCAR and BP started drilling of the first exploration well (SAX01) at the prospective Shafag-Asiman structure in the Azerbaijani sector of the Caspian Sea on January 13, SOCAR reported.

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In 2019, Azerbaijan reduced revenue from oil export by 5.8%, increased the revenue from gas supplies by 57.8%

In 2019, export of declared oil from Azerbaijan amounted to 30 837.085 thousand tons, the State Customs Committee told the Interfax-Azerbaijan.

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Plans for project of Azerbaijani gas transit to Bulgaria become known

Greek company AVAX SA, which is a contactor for design, procurement and construction of the Greece-Bulgaria Interconnector (IGB), which provides for the transportation of Azerbaijani gas to Bulgari

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In 2019, average daily oil production at Azeri-Chirag-Gunashli block decreased by 8.4

In 2019, average daily volume of oil production at the Azeri-Chirag-Gunashli block of fields made up 535 thousand barrels, BP-Azerbaijan reported.

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In December, Azerbaijan fully complied with obligations under OPEC+

In December 2019, daily oil production in Azerbaijan amounted to 771 thousand barrels. Of these, 680 thousand barrels were crude oil, 91 thousand barrels – gas condensate.

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In 2019, Russia increased oil exports by 3%

In 2019, Russia increased oil exports by 3.3% compared to the previous year to 266.107 million tons, as it follows from the materials of the Central Dispatch Department of the Fuel and Energy Secto

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Southern Gas Corridor to increase competition on European market

Southern Gas Corridor, which provides for transportation of Azerbaijani gas to Europe, will increase competition on the European gas market.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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