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Asian Development Bank to grant $450 mln in loan to expand Shah Deniz II project in Azerbaijan

Azerbaijan state-run energy company Socar has applied for a $450mn loan from the Asian Development Bank (ADB) to bolster its Shah Deniz project.

read more... 30/03/2016


Shah Deniz field produced 64 billion cubic meters of gas during first phase of development

Energy-rich Azerbaijan extracted from its Shah Deniz field 64 billion cubic meters of gas from the commencing date of this project to September 1, 2015, according to the First Vice President of State Oil Company of Azerbaijan Republic (SOCAR) in Geology Geophysics & Field Development Issues, Khoshbakht Yusifzade.

read more... 29/09/2015


Azerbaijan's SOCAR hopes to restart negotiations with Greece over gas grid in December

Azerbaijan's state energy firm SOCAR hopes to restart negotiations over purchasing a stake in Greek gas grid operator DESFA in December, as stated by SOCAR's president on Monday.

read more... 15/09/2015


General Electric to supply advanced technology for TANAP project

US based General Electric's oil and gas unit has won contract to provide advanced turbomachinery for the first phase of the Trans-Anatolian Natural Gas Pipeline (TANAP) project, which is being constructed for gas transportation from Azerbaijan to Europe.

read more... 27/07/2015


Azerbaidjan president agrees with Snam taking stake in TAP project

Azerbaijan allows Italian gas infrastructure conglomerate Snam to take a stake in the project to construct the Trans Adriatic Pipeline (TAP) that will convey gas from Azerbaijan to Europe, as stated by President Ilham Aliyev on Thursday.

read more... 10/07/2015