Azerbaijan, Oil and Gas

Total plans to start drilling a well at the Absheron deposit in September 2017

In September 2017 Total plans to start drilling works at the Absheron deposit, the CEO of Total in Azerbaijan, D. Lemarchal, said.

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SOCAR launches new well at the West Absheron field

SOCAR has launched a new well at the West Absheron field, the company's official website reports.

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SOCAR plans to build LNG terminal and power stations in Pakistan and Côte d'Ivoire

SOCAR Trading plans to implement projects for the construction of a gas terminal and a power plant in Pakistan and Cote d'Ivoire, said head of the company’s project development and invest

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Azerbaijan is ready to increase daily gas supply to Georgia

SOCAR may ship the additional 3 mln cubic m of gas a day to Georgia, the first deputy head of the gas export department of SOCAR, N. Samedadze, said.

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SOCAR plans to launch carbamide production for project loading in 2018.

SOCAR, the state oil company of the Republic of Azerbaijan, planned to launch a carbamide production facility in Sumgait in 2018, Mukhtar Babayev, the head of PA"Azerkimiya", stated durin

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Azerbaijan annually exports 6.6 bln cubic m of gas to Turkey, 2 bln cubic m to Georgia

Azerbaijan annually exports about 6.6 bln cubic m of gas to Turkey, 2 bln cubic m to Georgia, the first deputy head of the gas export department of SOCAR, N. Samedadze, said.

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Total investments in development of Azeri-Chirag-Guneshli are $30 bln

As of end of 2016, the total investment in the Azeri-Chirag-Guneshli fields development project made up $30 billion, said deputy vice-president for investments and marketing of SOCAR Vitaly Beglyar

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SOCAR plans to daily produce 2 thousand tons of carbamide in Symgayit in 2018

In 2018 SOCAR plans to reach the project loading at the carbamide production capacity which is being constructed in Symgayit, the head of Azerkhimiya, M. Babaev, said.

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Gas extraction in Azerbaijan to reach 40 bln cubic m a year in 2025 – SOCAR

Gas extraction in Azerbaijan will reach 40 bln cubic m a year by 2025, the first deputy head of the gas export department of SOCAR, N. Samedadze, said.

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SOCAR starts drilling of new well at shallow part of Guneshli

SOCAR has begun drilling a new production well in the shallow part of the Guneshli field on the Caspian shelf.

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