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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


BP: Caspian gas pipeline's Georgia section to be accomplished by mid-2018

BP intends to finalise by mid-2018 the Georgian section of a $40-billion strategic pipeline bringing Caspian gas from Azerbaijan into Europe, as stated by the British energy firm's country manager for Georgia.

read more... 02/05/2017


Construction of gas interconnector between Greece and Bulgaria to start in early 2018

The construction of the gas pipeline link between Bulgaria and Greece (IGB) is expected to start in the beginning of 2018, interim Bulgarian energy minister Nikolay Pavlov said during a visit to Azerbaijan.

read more... 23/02/2017


Azerbaijan to ramp up gas production, lower oil in 2017

Resource-rich Azerbaijan is envisaging producing more gas and less oil in 2017, according to the energy minister Natiq Aliyev.

read more... 26/01/2017