SOCAR acquires Japanese Itochu's stake in Azeri-Chirag-Gunashli
SOCAR's share in Azeri-Chirag-Gunashli has grown to 35.3% following the purchase of Itochu's stake.
Azeri-Chirag-Gunashli
SOCAR acquires assets in Karabakh field
Azerbaijan's state oil company SOCAR has acquired Equinor’s shares in Azeri-Chirag-Gunashli (ACG), Karabakh fields and Baku-Tbilisi-Ceyhan (BTC) project, the SOCAR press service reported. A meeting was held on December 22 …
Azerbaijan intends to switch to renewable energy
In mid-January, Azerbaijani and Saudi officials gathered in Baku to mark the start of construction on a 240MW wind power project. A deal had been signed for the $300m scheme, some 45km northwest of the capital, two years earlier. Not far …
Hungary purchase shares in Azeri-Chirag-Gunashli and Baku-Tbilisi-Ceyhan
Hungarian MOL Group said it has signed an agreement with Chevron Global Ventures Ltd and Chevron BTC Pipeline, Ltd to acquire their non-operated E&P and mid-stream interests in Azerbaijan, including a 9.57% stake in the Azeri-Chirag-Gunashli …
Ilham Aliyev: ACG contract to be extended until 2050
A new contract on the development of the Azeri-Chirag-Gunashli (ACG) block of oil and gas fields is planned to be signed in a few days, said Azerbaijani President Ilham Aliyev, Trend reports. He made the remarks in Baku Sept. 6 at a …
BP marks oil production milestone at ACG offshore Azerbaijan
The company notes a historical level of oil production at the Azeri field