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Azerbaijan’s SOCAR has reached an agreement with the South Caucasus Pipeline and Shah Deniz consortiums to increase gas supplies to Georgia in the winter season. “As a result of the agreement reached, gas supplies to Georgia in …
The Director of the Oil Research Center, Ilham Shaban, spoke about how Azerbaijan copes with the economic problems caused by the fall in oil prices. …
At the same time, growth will continue in Russia, Iran, and Turkmenistan
The catastrophic drop in oil prices actively promotes the development of the real sector of economies of the countries of the Caspian region, Russian, Azerbaijani and Kazakh experts said today during discussion of the economic future in the …
Today, the Azerbaijani state company SOCAR commissioned new oil well in oldest field of the country - 'Neftyanye Kamni', in the Caspian Sea. Oil is extracted from the wellbore in the interval of 2107-2085 m. SOCAR will produce …
Georgian Prime Minister Giorgi Kvirikashvili spoke about his meeting today with Azerbaijani President Ilham Aliyev in Davos, particularly noting that they did not discuss issues of gas supplies during it. …
Due to SOCAR, consumption of gas has grown by 20% in the country over three years, and is still growing
In Tbilisi, members of the party of ex-president Mikheil Saakashvili 'United National Movement' (ENM) held a rally in front of the Ministry of Energy on the embankment of the River Kura with the demand not to cooperate with Gazprom. …
President of the State Oil Company of Azerbaijan (SOCAR), Rovnag Abdullayev, stated that the company fulfills all the commitments that it has before the Georgian authorities. Summarizing the results of the meeting with …
President of the State Oil Company of Azerbaijan, Rovnag Abdullayev, arrived in Tbilisi today. Now he is holding talks with the Prime Minister Giorgi Kvirikashvili and the First Vice Prime Minister of …
A strong state is the key to the development of a non-raw material economy model, the president of the Baku Interbank Currency Exchange, Farkhad Amirbekov, said in an interview with Vestnik Kavkaza. At the same time, he stressed ...
President of the Republic of Bulgaria, Rosen Plevneliev, praised the partnership and friendly relations with Azerbaijan at the meeting with the Azerbaijani Ambassador to Bulgaria, Emil Karimov, the press center …
A new oil well on the West Absheron field was commissioned, it will additionally extract nearly 7300 tons of oil annually, SOCAR said today. Oil from the well’s fountain trunk is extracted in the interval of 812-733 meters, Trend …
Today the State Oil Company of Azerbaijan (SOCAR) announced the commissioning of a new well at the Garadagh field. According to the company, well №485 was drilled at the horizon VII. Garadagh is now used …
Yesterday, St. Petersburg hosted a working meeting between the chairman of the board of Gazprom, Alexey Miller, and the president of the State Oil Company of Azerbaijan (SOCAR), Rovnag Abdullayev. …
Iran is interested in the organization of swap transactions on oil products with Azerbaijan, the Iranian Minister of Communications and Information Technology, Mahmoud Vaezi, said. "The agreement enables …
Georgian Minister of Energy, Kakha Kaladze, said that the Azeri project Shah Deniz-2 is very important for Tbilisi, as it is an additional source of gas for the country. The minister added that Georgia is currently …
According to recent data, voiced by the Ministry of Ecology of Azerbaijan, the fire on two gas wells at Platform №10 at the Guneshli oil field was extinguished, but still continues on other four wells. The deputy director of the …
Caucasus domestic and foreign political events in the local press
Prime Minister of Turkey Ahmet Davutoglu said on the eve of his visit to Baku that the two countries implement very important joint energy projects, thereby uniting Europe and Asia. Among such projects he named the …
