Azeri oil

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Caspian gives Azerbaijan billion tons of oil

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 …

Azerbaijan to start drilling in Karabakh

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 …

Pumping Azeri oil via Baku-Novorossiysk pipeline resumed

Pumping Azeri oil via Baku-Novorossiysk pipeline resumed

Azerbaijan’s state oil company SOCAR has resumed oil pumping via the northern export route - the Baku-Novorossiysk pipeline, deputy head of the SOCAR public relations and events department Ibrahim Ahmadov said. …

Details of drilling of first well at Absheron field revealed

Details of drilling of first well at Absheron field revealed

The drilling of the second branch of the first well at Azerbaijan's Absheron oil field will start in May 2019, a source in Azerbaijan's oil and gas market said. According to the source, the first branch depth is planned to reach …

Azerbaijan and Iran to unite efforts in Caspian

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's oil production exceeds 2 billion tonnes

Azerbaijan's oil production exceeds 2 billion tonnes

A festive ceremony on production of 2 billion tonnes of oil was held in Baku. Azerbaijani president Ilham Aliyev delivered a speech in the ceremony. After which the ceremony was addressed by SOCAR President …

 Azerbaijan approves 'Contract of 21st Century'

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

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 …

 Azerbaijan reveals data on September’s oil output to OPEC

Azerbaijan reveals data on September’s oil output to OPEC

Azerbaijan has submitted the data on oil output for September to the Joint Technical Commission of the Joint Monitoring Committee in accordance with the Vienna agreement reached by OPEC and non-OPEC countries. In September Azerbaijan …

SOCAR to increase oil and gas output

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

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 …

Natig Aliyev is historical personality of modern Azerbaijan

Natig Aliyev is historical personality of modern Azerbaijan

The death of the Azerbaijan’s Energy Minister Natig Aliyev, who passed away today at the age of 69, is a great loss for the republic - Natig Aliyev was one of the most effective and professional leaders, whose name is …