Azerbaijani oil and gas

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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

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 …

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 …

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 …

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 …

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

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

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 …