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 …
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 …
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. …
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 …
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 …
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 …
Azerbaijani President Ilham Aliyev has attended the inauguration of the High Density Polyethylene Plant of the SOCAR Polymer project in Sumgayit, the presidential press service reported. Ilham Aliyev was informed of the …
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. …
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 …
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. …
Russia and Azerbaijan plan to create joint ventures in the oil sector, Russian Ambassador to Azerbaijan Mikhail Bocharnikov said at a press conference in Baku. "Our plans envisage creating joint ventures in an …
In the eight years between early 2001 and November 1, 2018, the State Oil Fund of Azerbaijan (SOFAZ) received $136.782 billion as part of the project to develop the Azeri-Chirag-Gunashli (ACG) block of oil and gas fields in the Azerbaijani …
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 …
The official opening ceremony of the Southern Gas Corridor project at Sangachal terminal is being held in Baku. The project implies the supply of Azerbaijan’s gas to Europe. Azerbaijani President Ilham Aliyev …
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, …
The outgoing year was a time of increasing international interest in Azerbaijan's energy projects, the head of the 'Caspian Barrel' Center for Oil Research Ilham Shaban told Vestnik Kavkaza, summing up the …
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 …
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 …
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) …
Director of petroleum studies center Caspian Barrel on new OPEC deal
