SOCAR

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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Azerbaijan to extend contract with Gazprom

Azerbaijan would like to extend the current contract for the purchase of Russian gas, which will expire at the end of November, until 2020.

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SOCAR expects to start supplies of Azerbaijani gas to Europe in 2020

SOCAR has expected timely completion of the Southern Gas Corridor construction and the beginning of the supply of Azerbaijani gas to Europe in 2020, deputy vice-president of SOCAR for investment an

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In 2019, SOCAR to maintain oil production at the level of 2018, as for gas – growth of 12.5% is expected

In 2019, SOCAR plans to keep volume of oil production at the level of 2018 - 7.6 million tons.

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In 2019, AIOC to increase oil production at ACG block by 2%

Oil production at the Azeri-Chirag-Guneshli fields block (ACG) will be 30.9 million tons in 2019.

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Azerbaijani government predicts a sharp increase in diesel fuel production in 2021-2022

The government of Azerbaijan predicts diesel fuel production at the level of 1 million 946.8 thousand tons in 2018, which is 5.3% more than in 2017, the government told Interfax-Azerbaijan.

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Transfer of primary oil refining unit from Azerneftyag refinery to BNPZ is estimated at $75 million

The cost of workse to transfer the primary oil refining installation from the territory of the former Azerneftyag refinery to the Baku Oil Refinery named after Heydar Aliyev (BNPZ) is estimated at

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In 2018, SOCAR received 442 mln manats from state budget for drilling of new wells at Umid, Karabakh and Babek fields

In 2018, SOCAR received more than 604.5 million manats from the state budget to carry out drilling operations at a number of fields and to cover losses in connection with the sale of gas to Azerene

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SOCAR plans to import about 30 thousand tons of AI92 petrol from Russia

SOCAR has started importing petrol of AI-92 grade from Russia, representative of the company on public relations Ibrahim Akhmedov reports.

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