Georgia Oil and Gas

State Oil Company of Azerbaijan increases its stake in SOCAR Energy Georgia to 75.5%

SOCAR (State Oil Company of Azerbaijan Republic) increased its share in the Georgian subsidiary SOCAR Energy Georgia to 75.51%, SOCAR said in its annual report for 2017.

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In 2018, SOCAR exported 0.5 bln cubic meters of gas to Georgia

About 480 million cubic meters of gas were exported by the Azerbaijani state-owned company SOCAR to Georgia in the first quarter of 2018. This was reported by the company.

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European Investment Bank to allocate 932 million euros for the construction of the TANAP pipeline.

The European Investment Bank (EIB) will allocate 932 million euros for the construction of the Trans-Anatolian pipeline (TANAP), according to the message of the bank.

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Azerbaijan and Romania prepare for realization of the project to transit liquefied gas to Europe

The AGRI (Azerbaijan-Georgia-Romanian Interconnector) gas pipeline system, which provides for the transportation of Azerbaijani gas to Europe, can become an important instrument for ensuring the EU

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In 2017, oil production in Georgia fell by 17%

In 2017, volume of oil production in Georgia was 32 thousand tons, which is by 17.1% less than in 2016, Georgian oil and gas corporation (GOGC) reports.

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In 2017 the oil flow volume from Azerbaijan to Turkey via BTC reached 253 million barrels

Transit of oil through pipelines in Georgia in 2017 amounted to 281.7 million barrels, which is 0.9% less than in 2016, the Georgian Oil and Gas Corporation (GOGC) reports.

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SOCAR to increase gas export to Georgia to 2.679 billion cubic meters.

Georgia's natural gas supplies from Azerbaijan would increase by up to 2.679 billion cubic meters in 2018, the head of SOCAR Energy Georgia (Georgian subsidiary of SOCAR) Mahir Mammadov, stated

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European Commission to allocate about 2 million euros for gas projects in Azerbaijan

The European Commission will allocate more than 1.8 million euros for projects implemented to supply Azerbaijani gas to Europe. This is stated in a message on the EC website.

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In 2017, SOCAR exported about 1.4 bln cubic meters of gas to Georgia

In 2017, SOCAR exported 1 380 million cubic meters of gas to Georgia, the company reports.

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