Oil and Gas, Azerbaijan Oil and Gas

SOCAR launches new well in shallow waters of Guneshli

SOCAR has launched a new well in the shallow part of the Guneshli field, the SOCAR’s press centre reports.

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SOCAR constructs a new oil platform at Western Absheron

SOCAR constructs a new fixed offshore platform #10 at the offshore deposit Western Absheron.
The platform will be meant for the drilling of 10 operational wells.

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Azeri gas export from Shakh-Deniz grew by 2% in Q1

The export of Azeri gas from the Shakh-Deniz-1 in Q1 2017 made up 1 bln 889.7 mln cubic m, which is by 1.8% higher than in Q1 2016, the State Statistic Committee reports.

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SOFAZ: Financing of Southern Gas Corridor to face no problems in 2017

The financing of the projects of Southern Gas Corridor CJSC will not have any problems in 2017, the head of SOFAZ, Sh. Movsumov, said.

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SOCAR starts drilling of two wells at the Garadag field

SOCAR has started drilling of two wells at the Garadag field, used as an underground gas storage facility, the official website of SOCAR reports.

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In January-February, Azerbaijan reduced oil exports by 8%

In January-February 2017, Azerbaijan exported 5 290 thousand tons of oil.

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In Q1, petrol production in Azerbaijan grew by 9%

In the first quarter of 2017, the production of oil products in Azerbaijan decreased by 11.6% compared to the same period in 2016 to 622.5 million manats, the State Statistics Committee reports.

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In January-February, Azerbaijan increased gas export by 3%

In January-February 2017, Azerbaijan exported 1 645.3 million cubic meters of natural gas, which is by 3.2% more than in the same period of last year, the Government reports.

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SOCAR reduced oil extraction by 3% in Q1

SOCAR extracted 1 mln 846.1 thousand tons of oil in Q1 2017, which is by 2.8% lower than in Q1 2016, SOCAR reports.

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In January-March, oil production in Azerbaijan fell by 9.9%, gas – by 6.8%

In January-March 2017, Azerbaijan reduced its oil production compared to the same period in the previous year by 9.9% to 9.464 million tons, gas - by 6.8% to 6.955 billion cubic meters.

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