Azeri-Chirag-Guneshli

Azerbaijan’s SOCAR boosts oil, gas output in Caspian Sea

Azerbaijan’s SOCAR boosts oil, gas output in Caspian Sea

Azerbaijan’s state-run oil company SOCAR will produce another 43,800 tons of oil and around 3.65 million cubic meters (129 million cubic feet) of gas per year after it commissioned a new well on the Guneshli offshore field. As …

Gulmira Rzayeva: Azerbaijan will ensure Europe#039s energy security for many years to come

Gulmira Rzayeva: "Azerbaijan will ensure Europe's energy security for many years to come"

Energy expert of the Strategic Studies Center under Azerbaijani President on the future of the Southern Gas Corridor and the development prospects of European and Turkish gas markets

Azerbaijan’s SOFAZ makes almost $120B from largest oil project

Azerbaijan’s SOFAZ makes almost $120B from largest oil project

Revenues of the State Oil Fund of Azerbaijan (SOFAZ) from the project for development of the Azeri-Chirag-Gunashli (ACG) block of fields totaled $119.314 billion from early 2001 to July 1, 2016, SOFAZ told Trend. SOFAZ said its revenues …

OPEC forecasts Azerbaijan#039s oil production decline

OPEC forecasts Azerbaijan's oil production decline

OPEC has published a report which predicts that Azerbaijan will continue the trend of oil production decline.  So, in 2020 it will amount to 0.7 million barrels a day and 0.6 million barrels a day by 2014. In 2015. The cartel …

BP halts production of Chirag platform

BP halts production of Chirag platform

BP as the operator of the Azeri-Chirag-Guneshli field development project implemented a planned facility shut down of the Chirag platform. The production from the Chirag platform will be suspended for about 25 days to enable …

Azerbaijan earns $116 by Azeri-Chirag-Guneshli project

Azerbaijan earns $116 by Azeri-Chirag-Guneshli project

The revenues of the State Oil Fund of Azerbaijan (SOFAZ) from the project for developing the Azeri-Chirag-Guneshli block of oil and gas fields in the Azerbaijani sector of the Caspian Sea totaled $116.01 billion from 2001 to November 2015. …

SOCAR vice president shares company#039s strategic plans

SOCAR vice president shares company's strategic plans

The Vice-President of the State Oil Company of Azerbaijan (SOCAR) for strategic development, Tofiq Gahramanov, told Russian journalists about the company's plans. "In 2010, there was a task to develop ...