Azerbaijan Oil and Gas

British Expo opens base in Azerbaijan to fulfill contract with BP

British oilfield service company Expro has commissioned a base in Azerbaijan, the company reports.

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President Aliyev approves PSA type contract between SOCAR and BP on exploration and development of D230 block in the Caspian Sea

The Azerbaijani President Ilham Aliyev has approved an agreement on geological exploration, development and equity distribution of production (PSA) for the promising block D230 in Northern Absheron

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Investments into Southern Gas Corridor exceed $30 billion

As of the beginning of October this year the volume of investments in the implementation of a large-scale project focused on the construction of the Southern Gas Corridor (SGC) reached $ 31.8 billi

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European Commission approves state support for project of Azerbaijani gas transit to Bulgaria

The European Commission has approved plans of the Governments of Bulgaria and Greece to support the construction of the Greece – Bulgaria interconnector (IGB).

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Azerbaijan to save about 400 million cubic meters of gas annually due to development of alternative energy sources - Ministry of Energy

Electricity production in Azerbaijan in the medium term through the use of alternative energy sources could reach 1.6 billion kW/h per year, the head of the Ministry of Energy’s office, Zaur

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In the first 3 quarters, Azerbaijan increased output of oil products by 8.8%

In the first nine months, Azerbaijan produced 3.7 million tons of petroleum products, increased production by almost 9%, the mass media reports.

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Azerbaijan to cover about 30% of Bulgaria’s gas needs

Azerbaijani gas will cover about 30% of Bulgaria's needs, the Bulgarian Energy Minister Temenuzhka Petkova states.

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In January-October, revenue of State Oil Fund of Azerbaijan from sale of Azerbaijani profit oil from Azeri-Chirag-Gunashli and gas condensate from Shah-Deniz was about $8.3 bln

In January-October 2018, revenues to the State Oil Fund of Azerbaijan (SOFAR) from the sale of profit oil from the Azeri-Chirag-Gunashli block and gas condensate from the Shah-Deniz field amounted

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Azerbaijan to increase production of natural gas

The Accounts Chamber has published its opinion on the draft state budget of the Republic of Azerbaijan for the next year.

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SOCAR holds negotiations on development of oil fields in Russia

Azerbaijan's SOCAR is negotiating on development of an oil field in Russia. This was stated by SOCAR’s vice-president for investment and marketing Elshad Nasirov.

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