Azerbaijani oil and gas

Natural Gas Europe: efficient oil strategy of Azerbaijan

When the Soviet Union (USSR) collapsed in the early 90s, Azerbaijan like other post-soviet countries faced the economic crisis. Due to isolationist economic policy of USSR, the economic relations of Azerbaijan with other countries outside the …

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TANAP Gets $1B In Funding

The European Investment Bank has approved the loans for the gas pipeline from Azerbaijan to Turkish and European markets

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Azerbaijan increases gas export to Turkey

Azerbaijan supplied over 6.54 billion cubic meters (bcm) of gas to Turkey in 2017, as compared to 6.48 bcm in 2016, according to the report posted on the website of Turkey's Energy Market Regulatory Authority (EPDK). In 2017, Turkey …

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SOCAR announces time of starting Shah Deniz 2 output

Azerbaijan plans to start gas output as part of the second stage of development of Shah Deniz gas and condensate field (Shah Deniz 2) this autumn, perhaps September, Natural Gas World (NGW) learned from Azerbaijan’s state oil company SOCAR, …

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Maros Sefcovic to visit Baku

European Commission Vice-President for Energy Union Maros Sefcovic will visit Baku, the European Commission said. Sefcovic will take part in the upcoming meeting of the Southern Gas Corridor Consultative Council to be …

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SOCAR to increase oil and gas output

Azerbaijan’s state oil company SOCAR will produce additional 5500 tons of oil and 657,000 cubic meters of gas annually as a well was commissioned after overhaul in Sangachal Deniz-Duvanni Deniz-Khara-Zira offshore field. The …

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Gazprom to open office in Azerbaijan

Gazprom is preparing to open a company representative office in Azerbaijan. Gazprom's Board of Directors will vote on October 2 on whether to approve the opening of an office in Azerbaijan. A quarterly report on the …

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Vertical Gas Corridor project for Azerbaijani gas agreed

Greek, Bulgarian, Romanian and Hungarian gas transmission companies DESFA, Bulgartransgaz, Transgaz and FGSZ and ICGB AD consortium, the contractor for the Greece-Bulgarian Interconnector (IGB) pipeline project, signed a memorandum of …

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