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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

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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

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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

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Azerbaijani gas supplies to Turkey increase significantly

According to AzerNews, Azerbaijan and Turkey continue to expand their economic and trade cooperation. The figures for Azerbaijani exports to Turkey show noticeable growth and this strengthens ties between the 2 states.

read more... 02/08/2019

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SOCAR expands its gas pipeline network in Georgia

SOCAR Georgia Gas company (Georgian subsidiary of Azerbaijan’s state oil company SOCAR), has increased the length of its gas pipeline network in the neighboring country, Trend reports with reference to the Georgian government.

read more... 19/07/2019

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