“Next year, we will celebrate the 70th anniversary of oil production in the Caspian Sea, which represents first offshore oil production,” said President Ilham Aliyev at a press conference held after the ceremony of signing documents at the 5th Summit ...

SOCAR to buy assets of Germany’s EWE in Turkey

10.08.2018 [10:23]
The German giant EWE AG company is preparing to withdraw from the energy market of Turkey and to sell its share in gas distribution companies Bursagaz AS and Kayserigaz AS, Turkey’s “haber7.com” reported ...

US confirms Iran sanctions waiver for Azerbaijan natural gas pipeline to Turkey, Europe

08.08.2018 [13:46]
The Southern Gas Corridor has received a waiver from US sanctions against Iran's energy customers, an expected win for the project, designed to transport 16 Bcm/year of Caspian natural gas to Turkey and southern Europe, according to S&P Global ...

Azerbaijani oil sells for more than $75

08.08.2018 [11:47]
Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $0.20 to stand at $75.35 ...

Second phase of TANAP’s construction is 85 % complete

07.08.2018 [16:10]
The construction works on the second phase of the Trans Anatolian Natural Gas Pipeline (TANAP), aiming to transport Azerbaijani gas to Turkey and further to Europe, has been completed by 85%, Anadolu Agency quoted Director General of SOCAR Turkey Energy A.S Zaur Gahramanov ...

Azerbaijani oil sells for $75.15

07.08.2018 [11:35]
Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $0.63 to stand at $75.15 ...

First seismic survey to be conducted in Block D230 during the first half of 2019

03.08.2018 [12:05]
“At the end of 2017 the processing and interpretation of the 3D data acquired from the Shallow Water Absheron Peninsula (SWAP) contract area was finalized. A Notice of Prospectivity was signed with SOCAR, signifying BP’s commitment to drill ...

BP: Shah Deniz 2 project is being delivered safely, on schedule and within budget

03.08.2018 [11:50]
BP has said the Shah Deniz 2 project is being delivered safely, on schedule and within budget. “After achieving significant commissioning and completion milestones across the whole gas value chain during the first half of the ...

BP Azerbaijan: In the first half of 2018, Sangachal terminal exported more than 141 million barrels of oil and condensate

01.08.2018 [18:16]
“In the first half, the Sangachal terminal exported more than 141 million barrels of oil and condensate, including third party volumes. Of this, more than 124 million barrels were exported through Baku-Tbilisi-Ceyhan (BTC), more than 16 million barrels ...

European Commission allocates €5m grant for TANAP project

31.07.2018 [15:50]
The European Commission (EC) has allocated a grant worth 5 million euros for the Trans Anatolian Natural Gas Pipeline (TANAP) project, which is part of the Southern Gas Corridor, envisaging transportation of Azerbaijani gas to Europe, said a message from ...

Energy minister: Azerbaijan ready to share its energy experience with the African Union countries

25.07.2018 [21:01]
“Azerbaijan is ready to share its energy experience with the countries of the African Union,” said Azerbaijan’s Minister of Energy Parviz Shahbazov as he met with a delegation led by Commissioner for Infrastructure, Energy, ICT, and tourism at the African ...

SOCAR AQS, KCA Deutag to sign joint venture contract

25.07.2018 [17:28]
Azerbaijan`s SOCAR AQS LLC and KCA Deutag, one of the world`s leading drilling and engineering contractors, will sign a joint venture (JV) contract, according to the SOCAR AQS LLC. The signing ceremony will be held on July 26 in Baku. The contract ...

India cuts oil imports from Iran

24.07.2018 [11:32]
According to the foreign media, India's state-run refineries bought 9.8 million tons of Iranian oil in financial 2017-18 compared to 13.04 million tons a year earlier, a nearly 25 percent decline ...

SOCAR: Kulevi Port received more than 2,200 vessels

23.07.2018 [10:19]
The port of Kulevi oil terminal of SOCAR`s asset in Georgia, so far, has received and departed more than 2,200 vessels. Kulevi Port began operating in May 2008. Since then, the port has received and departed more than 2,200 vessels ...

Turkey becomes second LNG importer in Europe

21.07.2018 [13:40]
Turkey became the second largest liquefied natural gas (LNG) importer country in Europe in 2017, according to the latest report of the International Gas Union (IGU) released in July, Anadolu Agency reported ...

Azerbaijan’s energy minister: TAP will contribute to diversification of Italy`s gas supply sources

20.07.2018 [12:16]
“The Trans Adriatic Pipeline (TAP) will ensure diversification of gas supply sources for Italy, the European Union`s biggest gas importer,” said Azerbaijan’s Minister of Energy Parviz Shahbazov as he met with a delegation led by Italy`s Under-Secretary of ...

Fabrizio di Amato: "Maire Tecnimont" interested in cooperation with other partners in Azerbaijan

20.07.2018 [10:35]
“The Italian company Maire Tecnimont, along with SOCAR Polymer, is also interested in cooperating with other partners in Azerbaijan and continue this cooperation for years ahead”, Chairman of the Maire Tecnimont Group, Fabrizio di Amato, stated at ...

Construction of SOCAR Polymer Plant realized through project financing

19.07.2018 [11:04]
“Azerbaijan used the model of project financing for the first time using the example of a polypropylene plant within the framework of the SOCAR Polymer project. The decision was made in order to reduce risks”, SOCAR president Rovnag Abdullayev ...

Italian President: SOCAR Polymer is an extremely important project

19.07.2018 [10:46]
“SOCAR Polymer is an extremely important project,” said Italian President Sergio Mattarella as he addressed the inauguration of a polypropylene plant constructed in Sumgayit Chemical Industrial Park under SOCAR Polymer project ...