Ilham Shaban

Caspian Karabakh discovery confirmed

SOCAR and Norway’s Equinor have confirmed today a discovery of Karabagh field located 120 kilometers offshore, east of Baku, in the Azerbaijan sector of the Caspian Sea. According to SOCAR website, drilling of the first appraisal …

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Belarus to buy oil from Azerbaijan and Kazakhstan?

Belarusian First Deputy Prime Minister Dmitry Krutoy said that the republic now considers all alternative oil suppliers, including Azerbaijan and Kazakhstan. "The government continues to work out alternative …

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TANAP to be fully inaugurated in November 30

The Trans-Anatolian Natural Gas Pipeline (TANAP), which will deliver Azerbaijani gas to Europe, will be fully inaugurated in November 30, Turkey's Energy and Natural Resources Minister Fatih Dönmez said. …

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Caspian gives Azerbaijan billion tons of oil

More than one billion tons of oil have been extracted from Azerbaijani offshore fields, Vice President of Azerbaijan’s state oil company SOCAR for Field Development Yashar Latifov said during the Annual Caspian Technical …

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Azerbaijan to start drilling in Karabakh

The start of drilling at the Karabakh field will approximately come in the fourth quarter of 2019, according to SOCAR's Caspian Drilling International (CDI). It is planned that the Dede Gorgud semi-submersible drilling rig will be …

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What to expect after July OPEC+ summit?

OPEC+, a group of 24 oil-producing countries, look set to extend oil supply cuts this week at least until the end of 2019 as Iran joined top producers Saudi Arabia, Iraq and Russia in endorsing a policy aimed at propping up the price of crude …

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Southern Gas Corridor construction nearing completion

The Trans Adriatic Pipeline (TAP) project, which envisages transportation of Azerbaijani gas to Europe, is more than 84% complete, TAP Managing director Luca Schieppati said at the European Gas Conference in Vienna. …

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OPEC+ to hold discussions in Baku

The Joint OPEC-non-OPEC Ministerial Monitoring Committee will discuss the impact of oil output cuts on the market during a meeting in Baku in February, the United Arab Emirates Minister of Energy and Industry Suhail bin Mohammed …

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Turkmenistan intends to produce gasoline from gas

  Construction and assembly work has been completed at the plant for producing gasoline from natural gas in the Ahal region of Turkmenistan, which is ready for tests, State News Agency of Turkmenistan reported. …

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What does Merkel bring to Baku?

One of the key topics of Chancellor Angela Merkel's forthcoming visit to Azerbaijan - a country leading in economic cooperation with the European Union in the South Caucasus - will be the prospects of economic …

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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, …

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Russian gas returns to Azerbaijan

Russia's Gazprom has started natural gas deliveries to Azerbaijan, a source in the state oil company SOCAR said. "This gas will be pumped into underground gas storage facilities for further use in processing or for domestic …

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Azerbaijan ready to support OPEC deal extension

Azerbaijan will support the extension of the OPEC+ agreement, if the decision is made, Azerbaijan's Energy Minister Parviz Shahbazov said today. According to him, Baku always takes the fulfillment of undertaken …

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Will Kurdish oil be blocked?

Turkey, Iran and Iraq will jointly decide on closing the flow of oil from northern Iraq, Turkish President Recep Tayyip Erdoğan said, as the three neighbors mull retaliatory moves after the Kurdistan Regional Government (KRG) …

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