OIL PRODUCTION TO BE 5.9 BILLION CUBIC METERS IN 2007, SOCAR

20.04.2007 [16:55]
The State Oil Company of Azerbaijan said the volume of gas to be produced in the country will be 5.9 billion cubic meters this year ...

BTC CO. STOPS EXPORTING OIL THROUGH BAKU-NOVOROSSIYSK AND BAKU-BATUMI ROUTES

19.04.2007 [22:59]
BTC Co. has stopped exporting oil via Baku-Novorossiysk pipeline and Baku-Batumi railroad redirecting its flow completely through the Baku-Tbilisi-Ceyhan pipeline, according to BP-Azerbaijan. ...

SOCAR-TURGAS PLANS TO BUILD OIL REFINARY AT CEYHAN TERMINAL

19.04.2007 [22:57]
Azerbaijan-Turkey Joint Venture SOCAR-TURGAS officially applied to Turkey’s Energy Market Regulatory Authority (EPDK) for construction of a $4 billion oil refinery at the Ceyhan oil terminal after ...

“SOCAR-TURGAS” COMPANY FILES REQUEST FOR CONSTRUCTION OF OIL REFINERY AT CEYHAN SEAPORT

19.04.2007 [13:51]
Socar-Turgas joint company of the Azerbaijan State Oil Company and Turkey’s Turgas company has submitted a formal request on construction of the oil refinery worth $4 bln in the Heydar Aliyev Ceyhan terminal to the Energy Market Regulation Agency of Turkey (EPDK) ...

EITI BECOMES INTERNATIONAL STANDARD

17.04.2007 [22:24]
The 2nd meeting of the Extractive Industries Transparency Initiative (EITI) Board was held on April 11, 2007 in Berlin, Germany. Shahmar Movsumov, Chairman of the EITI National ...

BP KEEN ON EXPANSION OF OPERATIONS IN AZERBAIJAN

17.04.2007 [19:24]
President of the State Oil Company of Azerbaijan Rovnag Abdullayev met with Andy Inglis, chief executive of the BP`s Exploration and Production business and President of BP-Azerbaijan Bill Schrader. ...

SOCAR ANNOUNCES TENDER FOR AZERI LIGHT CRUDE

17.04.2007 [17:47]
The State Oil Company of Azerbaijan Republic has announced a tender for 2 million barrels of Azeri light crude to be exported from Ceyhan seaport in late May in 2007. ...

SOCAR PRESIDENT MEETS WITH BP OFFICIALS

17.04.2007 [15:29]
President of Azerbaijan`s State Oil Company (SOCAR) Rovnag Abdullayev met with chief executive of BP`s Exploration & Production business Andy Inglis and BP`s President in Azerbaijan Bill Schrader ...

SOCAR TO LAUNCH ITS TERMINAL IN GEORGIA

16.04.2007 [21:23]
The State Oil Company of Azerbaijan (SOCAR) has put into operation its Black Sea “Kuleri” oil terminal in Georgia this year. The company also opened its offices in Romania, Turkey and Georgia ...

AZERBAIJAN’S OIL REVENUES TO REACH $200 BLN, IMF REPRESENTATIVE

16.04.2007 [16:08]
The total amount of Azerbaijan’s oil revenues will make up $200 billion, said a representative of the International Monetary Fund during a meeting on oil revenues in Baku ...

ABOUT 103 MILLION TONES OF OIL TRANSPORTED VIA BTC, SOCAR

16.04.2007 [14:50]
The State Oil Company of Azerbaijan said about 103 million tones of oil have been transported so far via the Baku-Tbilisi-Ceyhan oil Pipeline. The Company said the Baku-Tbilisi-Erzurum gas ...

OIL PRODUCTION TO HIT 43 MILLION TONES THIS YEAR, SOCAR

15.04.2007 [17:44]
The State Oil Company of Azerbaijan said the oil production will be 42-43 million tones this year. The volume of gas to be produced in the country is expected to be 50 million tones in 2008, the Company said. ...

SOCAR KEENS ON NABUCCO PROJECT

13.04.2007 [19:29]
President of Azerbaijan State Oil Company (SOCAR) Rovnag Abdullayev met April 12 with the delegation led by Deputy Director of the Austrian Oil Company “OMV” Gerhard Royse, the Company’s said. ...

OIL AND GAS PRODUCTION DECLINES

13.04.2007 [16:00]
Through January and March of this year, operating companies and joint ventures produced 292.44 thousand tones of oil and 31.93 million cubic meters of gas, that is below ...

SOCAR PRESIDENT MEETS INDIAN DELEGATION

12.04.2007 [11:43]
President of Azerbaijan’s State Oil Company (SOCAR) Rovnag Abdullayev met with Indian Minister of State for Commerce, Jairam Ramesh, and Managing Director of ONGC Videsh Ltd (OVL), R.S. Butola ...

CASPIAN REGION TO CLAIM 25% OF OIL PRODUCTION IN THE NON-OPEC COUNTRIES

08.04.2007 [14:33]
A 25% increase of oil production in the non-OPEC countries will fall to the share of the Caspian region, international experts said. Heavyweight international companies show an increasing interest in Azerbaijan given commissioning of the Baku-Tbilisi-Ceyhan oil ...

SOCARS CARRIES OUT OVER 47,000 METERS OF DRILLING OPERATIONS

08.04.2007 [14:16]
Except for joint and operating companies, 17,050 meters of drilling operations were carried out in March, of which 15,933 meters are related to development and 1117 meters to exploration, State Oil Company of Azerbaijan said. In total, SOCAR carried out 47,419 meters of ...

OIL REFINERY ON RISE IN AZERBAIJAN

08.04.2007 [12:18]
According to the State Oil Company of Azerbaijan, 6,565,600 tons of oil were refined in March, of which 4,368,800 tons were refined by the Heydar Aliyev Baku Oil Refinery, and 2,196,800 tons by Aznefyag oil refinery. Gasoline, kerosene, diesel, oil asphalt, ...

GAS PRODUCTION TARGET OUTSTRIPPED

08.04.2007 [11:58]
Gas production was 2238,76 million cubic meters in January-March in Azerbaijan , thus, beating the target by 101.5%. It is by 33.76 million cubic meters more than that of the same period last year, according to the State Oil Company of Azerbaijan Republic. ...