Latest news

Azerbaijan to ramp up gas production, lower oil in 2017

Resource-rich Azerbaijan is envisaging producing more gas and less oil in 2017, according to the energy minister Natiq Aliyev.

read more... 26/01/2017


Azerbaijan has begun purchasing gas from Iran, according to state energy firm

Azerbaijan began purchasing natural gas from Iran earlier this year so as to cover its domestic requirements, state energy company SOCAR's vice president said on Tuesday.

read more... 28/12/2016


Socar and BP’s consortium to extend the development of Azeri-Chirag-Gunashli oilfields until 2050

Azerbaijan’s energy major SOCAR and BP-operated Azerbaijan International Operating Company (AIOC) signed a deal to extend the development the Azeri biggest fields by a quarter of century to 2050.

read more... 26/12/2016


Iran and Turkmenistan ink gas swap deal

Iran and Turkmenistan have inked a gas swap deal, under which Iran takes 3 million cubic meters/ d from Turkmenistan on its northeast border and will supply the same amount to Azerbaijan from its own reserves at the other side of the country.

read more... 20/10/2016


Azerbaijan to start gas deliveries to Balkan Gas Hub by 2020

Gas from Azerbaijan’s giant Shah Deniz 2 in the Caspian Sea will enter the Balkan Gas Hub in Bulgaria by 2020, as assured by Azerbaijan’s state oil company SOCAR.

read more... 03/10/2016