SOCAR

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, 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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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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SOCAR to expand operations in Ukraine

SOCAR will expand its activities in the Ukraine. This was stated by the Azerbaijani President Ilham Aliyev.

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In January-November, SOCAR reduced petrol production by 2.5%, but increased diesel fuel output by 8.9%

In January-November 2019, production of petroleum products in Azerbaijan decreased compared to the same period last year by 3.7% to 2 800.8 million manats, the State Statistics Committee reported.<

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SOCAR-Petrofac to help BP in management of projects in Azerbaijan and Georgia

SOCAR-Petrofac (joint venture of SOCAR and British Petrofac) has signed a contract to provide BP’s project in Azerbaijan and Georgia with management services, as it follows from information p

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In 2020, BP to start exploratory drilling in the shallow waters of the Absheron archipelago

In the first six months of 2020, BP plans to begin exploratory drilling in the shallow waters of the Absheron archipelago.

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Turkish Tekfen acquires shares of SOCAR Polymer

Turkish company Tekfen has acquired a 10% stake in SOCAR Polymer, as it follows from SOCAR’s report.

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