Latest news

Iran and Azerbaijan to complete oil agreement by next month

Iranian oil minister, who met in Tehran Shahin Mustafayev, Azerbaijani Minister of Economy and Industry, affirmed that the oil negotiations held between Iran and Azerbaijan are positive and expressed the hope to finalize the talks successfully.

read more... 14/03/2018


SOCAR and UNDP to develop cooperation in environmental protection

Azerbaijan’s state oil firm SOCAR and the United Nations Development Program (UNDP) inked a protocol on environmental protection in Baku.

read more... 07/03/2018


Total will extract gas at Azerbaijani Absheron field in early 2020

Gas extraction on the first gas well of Azerbaijan's Absheron gas field in Caspian Sea will start at the beginning of 2020, as stated by development operator Total at a public hearing on Project’s environmental impact report in Baku on February 20.

read more... 21/02/2018


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