Latest news

SGC project is being implemented before the plan

The Southern Gas Corridor (SGC) project is going to be implemented ahead of schedule, as stated today during a press conference in Baku by the Regional President of BP for Azerbaijan, Georgia and Turkey Gary Jones.

read more... 16/02/2018


SOCAR signs major agreement within modernization of Baku Refinery

Azerbaijan’s state oil firm SOCAR has inked an EPC (engineering, procurement and construction) with Italy’s Maire Tecnimont for the construction of new installations as part of the reconstruction and upgrading of Heydar Aliyev Baku Oil Refinery, according to a message from SOCAR.

read more... 02/02/2018


SOCAR and Total to cooperate for the development of Absheron field

Azerbaijan’s state oil firm SOCAR and France’s Total company negotiated prospects for future collaboration, counting the development of Absheron gas condensate field in the Caspian Sea, as stated in a message published on the SOCAR’s website on December 21.

read more... 22/12/2017


Azerbaijan: The deal to extend oilfield to 2049 signed by BP-led partners and SOCAR

A deal has been signed between the Azerbaijan government, the State Oil Company of Azerbaijan (SOCAR) and BP-led partners for the Azeri, Chirag, and deepwater Gunashli field (ACG) in the Caspian Sea.

read more... 18/09/2017


BP: Agreement on Caspian Oil Field prolonged up to 2050

In the following days, a deal is likely to be inked between Azerbaijan and BP on extending the development of the Azeri-Chirag-Gunashli (ACG) oil field up to 2050.

read more... 07/09/2017