Azerbaijani oil and gas

Azerbaijan after Haydar Aliyev

Azerbaijan after Haydar Aliyev

İlham Aliyev and his friends have literally protected the inheritance from the founding president of Azerbaijan

 Ilham Aliyev: Southern Gas Corridor to ensure Azerbaijan#039s economic interests

Ilham Aliyev: Southern Gas Corridor to ensure Azerbaijan's economic interests

Azerbaijan will meet its economic interests from implementation of the Southern Gas Corridor, the Azerbaijani President Ilham Aliyev said at the opening of the campus of SOCAR's Baku Higher Oil School in the …

SOCAR intends to start production at Absheron gas field in two years

SOCAR intends to start production at Absheron gas field in two years

The State Oil Company of Azerbaijan (SOCAR) intends to begin natural gas production at Azerbaijan's Absheron field in the Caspian Sea in late 2019 or early 2020. SOCAR official Vitaliy Beglyarbekov said …

Italy court revokes order that halted work on TAP pipeline

Italy court revokes order that halted work on TAP pipeline

An Italian court has revoked an order that had halted work to remove olive trees from the pathway of the Trans Adriatic Pipeline (TAP), a lawyer involved in the case said. Opposition from the local town council and the regional …

European Commission to support energy development of Azerbaijan

European Commission to support energy development of Azerbaijan

European Commission is ready to support Azerbaijan in further development of the energy sector, the EU Commissioner for Energy Maros Sefcovic said in a video message to the participants of the 4th Caspian Energy Forum in …

Brussels Rolls out the Red Carpet for Azerbaijan

Brussels Rolls out the Red Carpet for Azerbaijan

Azerbaijan expects a clear position from the EU on Nagorno-Karabakh conflict’s settlement in accordance with international law

Oil factor in economies of Azerbaijan and Kazakhstan

Oil factor in economies of Azerbaijan and Kazakhstan

Moody's: Kazakhstan more resilient than Azerbaijan in adjustment to lower oil prices

BP: ‘contract of the Century’ may be extended in summer

BP: ‘contract of the Century’ may be extended in summer

The BP company expects the ‘Contract of the Century’ for the further development of the Azeri-Chirag-Gunashli (ACG) block of oil and gas fields in the Azerbaijani sector of the Caspian Sea, to be signed in the middle of 2017, …

Azerbaijan eyes more gas, less oil

Azerbaijan eyes more gas, less oil

It is expected more than 10 bn m3 of gas to be produced from Shah Deniz-1 in 2017

Berat Albayrak to discuss construction of TANAP and TAP in Baku

Berat Albayrak to discuss construction of TANAP and TAP in Baku

The head of Turkish Energy Ministry Berat Albayrak will visit Azerbaijan for a working visit, Turkish Ambassador to Baku to Ercan Ozoral said. According to him, Albayrak will participate in the third …

Czech Republic ready to receive Azerbaijani gas through SGC

Czech Republic ready to receive Azerbaijani gas through SGC

Azerbaijan and the Czech Republic have established sustainable economic relations, the Minister of Industry and Trade of the Czech Republic Jan Mladek said at the Azerbaijani-Czech business forum in Baku. Mladek noted …

Azerbaijan contracts new energy services

Azerbaijan contracts new energy services

Technip's position is strengthened by a service contract with SOCAR

World Bank to allocate $800 million for TANAP

World Bank to allocate $800 million for TANAP

The World Bank’s board of directors approved loans of $400 million each for Turkey and Azerbaijan, for the Trans-Anatolian Natural Gas Pipeline (TANAP) project. The loans will be supplied through the World Bank's …

Azerbaijan confirms oil production cuts

Azerbaijan confirms oil production cuts

The oil output forecast for Azerbaijan for 2017 shows plans to reduce oil production by 35,000-42,000 barrels a day compared to current level; such plans are in …

Monitoring the Oil Market After OPEC Agreement

Monitoring the Oil Market After OPEC Agreement

Indicators of the actual market balance

ADB to provide $1bn for Azerbaijan Gas Field expansion

ADB to provide $1bn for Azerbaijan Gas Field expansion

The Asian Development Bank is planning to provide $1bn to expand the operations of Azerbaijan’s Shah Deniz II gas field

What Azerbaijan Plans To Do When The Oil Runs Out

What Azerbaijan Plans To Do When The Oil Runs Out

The oil is running out and the need to diversify its streams of economic sustenance is more vital now than ever

SOCAR closes an export pipeline to Iran for repairs

SOCAR closes an export pipeline to Iran for repairs

The State Oil Company of Azerbaijan (SOCAR) closes an export pipeline running to Iran for repairs. According to the Company, from 9 am to 6 pm on November 29 the SOCAR Gas Export Department will suspend gas supply on the Astara …

Oil prices edge up ahead of OPEC meeting to discuss output cuts

Oil prices edge up ahead of OPEC meeting to discuss output cuts

Market activity was low because of the U.S. Thanksgiving holiday

BP restarts production platform East Azeri in Caspian Sea

BP restarts production platform East Azeri in Caspian Sea

BP, as operator of the development of offshore bloc Azeri-Chirag-Guneshli, restarts today one of the main production platforms in the Caspian Sea. BP Azerbaijan reports that the 12-day program on maintenance work on the East Azeri …

Azerbaijan launches investment offensive as cheap oil looms

Azerbaijan launches investment offensive as cheap oil looms

The State Oil Fund of Azerbaijan aims to soon lift its cap on investment in stocks to 25%

President Aliyev meets Venezuelan president

President Aliyev meets Venezuelan president

President of Azerbaijan Ilham Aliyev and President of the Bolivarian Republic of Venezuela Nicolas Maduro have held a meeting in a narrow format. President Aliyev said that President Maduro’s …

Ilham Aliyev: A reasonable compromise on Karabakh is possible

Ilham Aliyev: "A reasonable compromise on Karabakh is possible"

Azerbaijani President on various aspects of Azerbaijan's life and achievement of a resolution of the Nagorno-Karabakh conflict

Fire at Azerbaijan#039s Gunashli platform extinguished

Fire at Azerbaijan's Gunashli platform extinguished

The Ministry of Emergency Situations and the State Oil Company of Azerbaijan (SOCAR) have announced the completion of the extinguishing a fire at the offshore platform 'Gunashli-19' in the Azerbaijani sector of the Caspian Sea on …

Indian-Turkish consortium to build TANAP section

Indian-Turkish consortium to build TANAP section

Construction of the last part of Trans-Anatolian Pipeline (TANAP) in Turkey will be carried out by 'Limak' (Turkey)-'Punj Lloyd'(India)-'Kalyon Group' (Turkey) consortium of companies. 'Limak' Board of …

New stage of Shah Deniz project launched

New stage of Shah Deniz project launched

Shah Deniz Stage 2 project is of great importance for Azerbaijan, the country’s President Ilham Aliyev said at the Shah Deniz Stage 2 Production and Risers Platform Jacket Sail Away Event. "I congratulate …

Fascinating things you didn’t know about Azerbaijan

Fascinating things you didn’t know about Azerbaijan

The Telegraph tells about some features of the Azerbaijani culture and way of thinking

SOCAR reveals date of first gas production at #039Absheron#039

SOCAR reveals date of first gas production at 'Absheron'

It is planned to produce first gas from the Absheron gas condensate field in 2019, First Vice-President of the Azerbaijani state oil company SOCAR Khoshbakht Yusifzade said, Trend reports. He made the remarks at the …

SOCAR signs MoU on Ionian-Adriatic pipeline with four European countries

SOCAR signs MoU on Ionian-Adriatic pipeline with four European countries

The State Oil Company of Azerbaijan Republic (SOCAR) has signed a Memorandum of Understanding on a project for the construction of the future Ionian-Adriatic gas pipeline (IAP) with Croatia, Albania, Bosnia and Herzegovina and …

 Rovshan Ibragimov: Moscow-Baku-Tehran format can give impetus to Karabakh settlement

Rovshan Ibragimov: Moscow-Baku-Tehran format can give impetus to Karabakh settlement

The political scientist Rovshan Ibragimov, speaking with a correspondent of Vestnik Kavkaza, said that the trilateral meeting of the presidents of Russia, Azerbaijan and Iran, which was held yesterday in Baku, will enable to …