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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 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

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. …