From April 1, Russia began to accept payments for gas from unfriendly countries in rubles in order to get away from settlements in dollars and euros. Refusal from operations in Russian currency in the Russian Federation is regarded as a …
President of the State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev has been relieved of his duties. President of Azerbaijan Ilham has signed a decree relieving Rovnag Abdullayev of his duties as President of SOCAR. By …
Azerbaijan will increase gas supplies to Turkey, deputy head of the public relations and events department at Azerbaijan's state oil company SOCAR Ibrahim Ahmadov said. Amid technical problems in gas …
Following the liberation of Azerbaijan’s occupied Nagorno-Karabakh region, Baku is now looking to ensure the uninterrupted supply of natural gas to Nakhchivan with a project to be carried out in cooperation with Turkey that foresees the pipeline being laid this year
LUKOIL signed an agreement yesterday on acquiring a 25% participating interest in the Shallow Water Absheron Peninsula (SWAP) exploration project in the Azerbaijan sector of the Caspian Sea from BP. The deal is expected to complete …
BP has announced the start of gas production under the second phase of the Shah Deniz offshore project in Azerbaijan’s deep-water sector of the Caspian Sea, with the UK supermajor also resuming plans to start long-discussed shallow water exploration drilling in the country
No industrial facility of SOCAR (State Oil Company of Azerbaijan) was damaged due to the burning, fixed on the evening of July 4, 2021 in the Caspian Sea, the company said in a statement. According to the statement, all offshore …
Nowadays, natural gas has become one of the important factors that lead to economic and social growth. Diversification of natural gas supplies and routes, securing access to energy-rich regions, and guaranteeing reliable gas exports to energy …
The Azerbaijani state oil company SOCAR has become an export operator of Rosneft's oil products to Ukraine, the corresponding contract has already been signed with the Russian side, the Ukrainian newspaper Enkorr reported citing market …
Over the next three weeks, Russian gas will be transferred to Armenia through Azerbaijan. The State Oil Company of Azerbaijan (SOCAR) and Gazprom Export have already signed a short-term contract for transportation. Scheduled …
By the end of next year prices could once again top $100 a barrel
Today, Azerbaijani President Ilham Aliyev signed a decree on measures to improve the management of the State Oil Company of Azerbaijan (SOCAR), creating a Supervisory Board for the general management of the company’s …
The Shah Deniz consortium today announced commencement of commercial gas deliveries to Europe from the Shah Deniz gas field in the Caspian Sea offshore Azerbaijan via the newly-completed Southern GasCorridor (SGC) pipeline system, accord to the …
Caspian output to reach Europe while Turkmenistan eyes supplier role, SOCAR says. In an interview with Nikkei Asia, SOCAR's vice president said "there are no obstacles left to build new pipelines in the Caspian Sea."
Azerbaijan and Turkey have signed a memorandum of understanding on Ighdir-Nakhchivan gas pipeline. The document was inked signed on Dec.15 between the energy ministries of the two countries. The project will be implemented by …
The Turkey-Nakhchivan natural gas pipeline will ensure the security of Nakhchivan’s energy supply via natural gas, which will flow through Turkey to the Azerbaijani exclave, Turkish Energy Minister Fatih Dönmez said Tuesday
Azerigas has begun work on providing gas to the territories liberated from the Armenian occupation, the company's press service said. According to the source, after the victory in the country’s Nagorno-Karabakh war, as …
TAP is considered one of the most significant and strategic pipelines for enhancing the energy security of Europe
An accident occurred on the 23-kilometer part of the Galmaz-Gazimamed gas pipeline with a diameter of 720 millimeters, on Aug.7, at about 20:55, Ibrahim Ahmadov, deputy head of the public relations and events department at Azerbaijan's state …
Azerbaijan's State Oil Company SOCAR will send a new batch of oil to Belarus this week, Deputy Chief of SOCAR's Public Relations and Events Department Ibrahim Ahmadov said. According to him, Azerbaijan will send 85-90,000 …
