Latest news
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
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
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
Azerbaijan’s natgas exports up by 28%
Azerbaijan’s natural gas exports showed a 28 percent increase year-on-year rising from 8.030 billion standard cubic meters in 2017 to 10.276 billion standard cubic meters in 2018, Trend reports citing OPEC Annual Statistical Bulletin.
read more... 13/06/2019
Azerbaijan increases oil production in May, fulfills OPEC obligations
Azerbaijan increased oil production from 683,000 barrels per day in April to 776,000 barrels per day in May, while the country fulfils its obligations under the OPEC + deal, Trendreports referring to the Azerbaijani Energy Ministry.
read more... 12/06/2019