Latest news

BP, SOCAR begin exploration drilling at Shafag-Asiman block offshore Azerbaijan

British oil company BP and its partner State Oil Company of the Republic of Azerbaijan (SOCAR) have commenced drilling of the Shafag-Asiman block offshore Caspian Sea in the Azerbaijan sector.

read more... 16/01/2020


Azerbaijan inks 440MW clean power double

Azerbaijan has agreed separate deals with ACWA Power and Masdar to develop renewable energy projects totalling 440MW in the country.

read more... 13/01/2020


Azerbaijan to keep oil output flat, raise gas production in 2020

Azerbaijan plans to keep its oil output flat, while increasing natural gas production in 2020, its draft budget obtained by Reuters on Thursday showed.

read more... 25/10/2019


SOCAR plans multimillion dollar investment in Turkey's gas storage capacity

SOCAR AQS, an Azerbaijani integrated drilling and well services management company, will dig 40 wells to expand the storage capacity at the Lake Tuz Natural Gas Storage Facility, located in central Anatolia, Daily Sabah reported.

read more... 23/10/2019


BP awards key contracts for $6 billion worth Caspian Sea project

BP, as operator of the Azeri-Chirag-Deepwater Gunashli (ACG) field development, has awarded key contracts for the the Azeri-Central-East (ACE) project located in the Azerbaijan’s sector of the Caspian Sea. Some of the construction activities have already started and will run through mid-2022.

read more... 17/09/2019