Latest news

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


Azerbaijan: SOCAR opens new gas distribution network in Georgia

President of Azerbaijan’s SOCAR Rovnag Abdullayev took part with the Energy Minister of Georgia Kakha Kaladze in the launching of a gas distribution network in Girikhli village of Marneuli area in Georgia, as stated by SOCAR on September 5, 2016.

read more... 07/09/2016


BP hit a milestone oil production in Azerbaijan

A BP unit working in the Caspian Sea unveiled a milestone for oil pulled from Azeri waters with its 3 billionth barrel since the start of production from the Chirag platform in 1997.

read more... 18/08/2016


Shah Deniz conglomerate grants $1.5 billion subsea production agreement

The consortium developing the second phase of Azerbaijan's Shah Deniz gas field has awarded a $1.5 billion subsea production agreement to a group involving Saipem, BOS Shelf and Star Gulf FZCO, as it stated on Tuesday.

read more... 04/05/2016