Azerbaijan Oil and Gas

SOCAR expects technical offers from potential GPC contractors in the summer of 2019.

The State Oil Company of Azerbaijan (SOCAR) is holding a tender for the selection of a general contractor for the gas processing and petrochemical complex GPC.

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In Q1 Azerbaijan reduced imports of Premium Euro-95 gasoline from Russia by 2.7 times

In Q1 2019 Azerbaijan imported 7 thousand 434.06 tons of Premium Euro-95 gasoline worth $6 million 69.15 thousand, the government told Interfax-Azerbaijan.

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In 2018 the oil sector provides 59.5% of Azerbaijan’s state budget revenues.

In 2018 the share of state budget revenues from the oil sector increased to 59.5% against 47.7% at the end of 2017.

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Azerbaijan reduced output of petrol by 4% in January-April 2019

Baku refinery reduced production of motor petrol and increased production of naphtha in the first four months of 2019, the Interfax reports.

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In Q1, Azerbaijan increased export of oil by 0.2%, gas – by 30.1%

Azerbaijan exported 8 177 thousand tons of oil in January-March 2019, which is by 0.2% more than in the same period last year, the Government reports.

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In January-April, Azerbaijan decreased production of oil by 2.9% and increased extraction of gas by 25.4%

In January–April 2019, oil production in Azerbaijan amounted to 12 445.6 thousand tons, which is by 2.9% less than in the same period of the previous year, the Interfax-Azerbaijan agency was

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SOCAR to increase oil production in Kashkadarya

The corresponding agreement was signed between Uzbekneftegaz JSC and SOCAR division - NIPI Neftegaz LLC within the 23rd International Exhibition and Conference "Oil and Gas of Uzbekistan OGU -

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Exports of Azerbaijani gas from Shah Deniz field up by 42% in January-April

In January-April 2019 the export of the Azerbaijani gas from the Shah-Deniz field amounted to 3 billion 397.8 million cubic meters, which is 42.1% higher than the same period last year, the State S

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In January-April, Azerbaijan export petroleum products for $178.5 mln

In January-April 2019, declared export of petroleum products from Azerbaijan amounted to 359.965 thousand tons, the State Customs Committee reported.

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BP and SOCAR to conduct exploration in north-west of Uzbekistan

The British BP and the Azerbaijani state-owned company SOCAR will conduct geological exploration in the Ustyurt region. The goal is to search for oil and gas in the north-west of Uzbekistan.

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