SOCAR CREATES NEW JOINT VENTURE

03.09.2006 [14:21]
The State Oil Company of Azerbaijan (SOCAR) has established a new joint Azeri Drilling Company. The participating interests in the company are SOCAR (35%) Target Petroleum Azerbaijan Corporation (Panama, 35%) ...

SOCAR SEEKS DIRECT CONTACTS WITH CONSUMERS

03.09.2006 [13:20]
The State Oil Company of Azerbaijan Republic (SOCAR) is negotiating with some European and Israeli oil refineries.
SOCAR’s Marketing and Economic Operations Department sells crude on FOB basis from Supsa ...

17 MILLION BARRELS OF CRUDE DISPATCHED FROM HEYDAR ALIYEV CEYHAN TERMINAL

02.09.2006 [18:29]
The volume of 17 million barrels of crude has been dispatched to date from the Heydar Aliyev Ceyhan terminal, Turkey’s Botash firm reports.
Botash said Baku-Tbilisii-Ceyhan oil pipeline functions well ...

SOCAR TO DEVELOP OIL FIELDS ITSELF

21.08.2006 [13:55]
In accordance with state program on development of the fuel and energy complex in Azerbaijan in 2005-2015, the State Oil Company of Azerbaijan will start developing some oilfields itself. First ...

AZERBAIJAN IMPORTING 10.7 MILLION CM OF GAS PER DAY AVERAGE FROM RUSSIA

15.08.2006 [11:19]
State Oil Company of Azerbaijan Republic (SOCAR) is currently importing about 10.7 million cubic meters of gas per day average from Russian gas company “Qazeksport”, press service of SOCAR said. ...

BP AZERBAIJAN PLANS TO DELIVER 2.1 BILLION CM OF GAS TO THE STATE

13.08.2006 [20:23]
According to press service of BP Azerbaijan, the company plans to deliver a total amount of 2.1 billion cubic meters of gas produced from the Central Azeri and West Azeri ...

SHAHDENIZ PROJECT’S SECOND PHASE TO BE SET UP

13.08.2006 [20:23]
According to BP Azerbaijan, the Istiglal semi-submersible drilling rig is now spudding another appraisal well at the Shahdeniz gas field.
The Shahdeniz project’s second phase will be set up after ...

SOCAR TO START OIL FIELDS DEVELOPMENT

09.08.2006 [14:36]
The State Oil Company of Azerbaijan Republic (SOCAR) said “Qarabag” and “Ashrafli” will be the first oil fields that it will start to develop in accordance with the State Fuel ...

ACG CONSTRUCTION ACTIVITIES INVOLVED OVER 10 THOUSAND PEOPLE

08.08.2006 [14:41]
The focus on safety at all Azeri-Chirag-Guneshli construction sites has continued and the project schedule maintained, according to BP company.
ACG project now employs about 10400 of whom 80% are ...

SOCAR TO BUILD SEVEN OIL PLATFORMS ON OIL ROCKS

06.08.2006 [18:11]
According to press service of the State Oil Company of Azerbaijan Republic, the Company plans to build seven oil platforms on the Oil Rocks. ...

BAKU-SUPSA PIPELINE TRANSPORTED 626,528 TONNES OF AIOC OIL IN JULY

06.08.2006 [18:10]
Azerbaijan International Operating Company (AIOC) said the Baku-Supsa oil pipeline transported 626,528 tonnes of its oil in July.
The pipeline has transported a total of 44,094,398 tonnes of the company’s ...

BTC TRANSPORTED 787,011 TONNES OF OIL LAST MONTH

06.08.2006 [18:10]
The Baku-Tbilisi-Ceyhan oil pipeline transported 787,011 tonnes of Azeri oil in July, according to press service of the State Oil Company.
Nine oil tankers (811,835 tonnes) were dispatched from the ...

OIL EXPORT VIA BAKU-NOVOROSSIYSK PIPELINE MAKES UP 2728317 TONS

03.08.2006 [14:25]
According to the State Oil Company of Azerbaijan Republic (SOCAR), oil export via the Baku-Novorossiysk pipeline reached 373 55 tons in July. Of this amount, 74728 tons belong to the ...

GAS IMPORT FROM RUSSIA COMES TO 10 MLN CM DAILY

03.08.2006 [14:25]
A total of 311.7 million cubic meters of gas was purchased from the Russia’s Gasexport company in July, according to teh State Oil Company of Azerbaijan. In total, Azerbaijan imported ...

BTC PIPELINE TRANSPORTS 400,000 BARRELS OF CRUDE PER DAY

30.07.2006 [12:00]
Since June 4, over 6 million barrels (some 800 000 tons) of Azeri-Chirag-Guneshli oilfield crude has been transported via BTC pipeline to be loaded onto the ship at the Ceyhan ...

AZERBAIJANI SECTION OF SCP ALREADY FILLED WITH GAS

27.07.2006 [18:34]
Construction and testing of the South Caucasus gas Pipeline (SCP) have already been completed, according to press service of the BP Azerbaijan.
The Azerbaijani section of the pipeline has already ...

NORTHERN EXPORT PIPELINE TRANSPORTS 160 MILLION BARRELS OF CRUDE TO DATE

27.07.2006 [12:44]
Northern export pipeline has transported 160 million barrels of crude (246 tankers or 22 million tons) since its commissioning. ...

DAILY OIL PRODUCTION REACH 500 THOUSAND BARRELS

25.07.2006 [14:34]
The daily oil production in the Central Azeri, Western Azeri and Chirag platforms currently comes to 500 thousand barrels. It is more than planned. According to the forecast, Chirag platform ...

BTC CAPEX REACH $735 MILLION THIS YEAR

25.07.2006 [11:41]
According to BP-Azerbaijan, Baku-Tbilisi-Ceyhan capital expenditure was $735 million in 2006, including costs of line-fill and financing costs. According to the forecast, BTC capex will make up $832 million this ...