Azeri oil

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Azerbaijan and Iran to unite efforts in Caspian

The creation of the Iran-Azerbaijan joint oil company will be beneficial for both parties and will allow to resolve the issue with the disputed  Araz-Alov-Sharg oil field, however, the project implementation is a distant possibility so far, …

 Azerbaijan approves 'Contract of 21st Century'

Azerbaijan's President Ilham Aliyev approved the 'Contract of the Century' to extend the development of the Azeri-Chirag-Gunashli (ACG) block of oil and gas fields until 2050, the official website of the …

 SOCAR commissions new well in Caspian Sea

Azerbaijan’s state oil company SOCAR will produce additional 3650 tons of oil per year as a result of commissioning of a new well at Oil Rocks offshore field, the message on SOCAR’s website says. Eleven tons of oil is …

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 …

SOCAR drilling new well at Oil Rocks field

Azerbaijan’s state oil company SOCAR will additionally produce around 3.65 thousand tons of oil and 365 thousand cubic meters of gas annually through commissioning of a new well which is being drilled on the Oil Rocks offshore …

Transneft suspends transportation of Azeri oil

Russia’s Transneft Company has suspended oil transportation from Azerbaijan to Novorossiysk port due to repair works in Makhachkala, Transneft spokesman Igor Demin said.   No information was released …

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 …

Baku and Beijing are increasing economic cooperation

Azerbaijan invites China to cooperate with local business companies, especially in the field of industry, more actively, the Deputy Economy Minister of Azerbaijan, Niyazi Safarov, said at the meeting of the Azerbaijan-China …