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. ...

OIL PRODUCTION TARGET BEATEN

08.04.2007 [11:48]
Oil production reached 2,190,900 tons in January-March, thus, beating the target by 101%. It is 20,900 tons more than that of the same period last year. ...

BTC TRANSPORTS 100 MILLIONTH BARREL OF OIL

05.04.2007 [21:18]
The 100 millionth barrel of oil has been transported via the Heydar Aliyev Baku-Tbilisi-Ceyhan pipeline to the Turkish port of Ceyhan, where it was loaded onto a tanker. The oil was loaded onto the Siprins tanker, which became ...

SOCAR TO OPEN ITS OFFICE IN ROMANIA

05.04.2007 [12:32]
The State Oil Company of Azerbaijan Republic is going to open its office in Romania. It will help deliver Azerbaijani oil to the European markets. Romania is a friendly country to Azerbaijan and has a huge oil production and refining experience ...

SOCAR EXPORTS 119,563 TONS OF OIL FROM NOVOROSSIYSK IN MARCH

05.04.2007 [12:07]
The State Oil Company of Azerbaijan exported 119,563 tons of crude in March from Russia’s Novorossiysk seaport. Oil export has made up 183,431 tons since the beginning of the year ...

BRITISH COMPANY TO BUY SOCAR OIL

01.04.2007 [15:24]
Azerbaijan’s State Oil Company (SOCAR) said British company Glencore Energy UK Ltd has won its tender to buy 450,000 barrels of Azerbaijani crude oil (REBCO) ...

SOCAR PRESIDENT MEETS WITH HEADS OF POLISH COMPANIES

01.04.2007 [13:36]
President of the State Oil Company of Azerbaijan Republic Rovnag Abdullayev met with heads of largest oil and gas companies of Poland. Polish businessmen said Polish and Azerbaijani oilmen share a long history of bilateral cooperation ...

GERMAN COMPANY WINS TENDER

30.03.2007 [19:43]
German Company 'Select Energy GmbH' won tender on export of one mln barrels of the crude oil 'Azeri Light', which is to be dispatched from Ceyhan port, April 15-17, marketing ...

AGREED QUANTITIES OF GAS DELIVERED TO GEORGIA

30.03.2007 [12:12]
According to the agreement, 105-million cubic meters of gas must be delivered to Georgia from Azerbaijan. To date, 99-milion cm of gas has been exported to Georgia. ...

BAKU-SUPSA PIPELINE TO RESUME OIL TRANSPORTATION BY LATE APRIL

30.03.2007 [10:48]
Oil transportation via the Baku-Supsa pipeline may be resumed in late April, according to the Ministry of Industry and Energy of Azerbaijan. 837km-long pipeline running through Georgia was suspended for repairs because of the technical fault. ...

AZERBAIJAN’S NATURAL GAS TO BE SHIPPED TO GREECE

28.03.2007 [20:32]
Addressing the sixth international oil and gas conference in Turkey on March 27, Turkey’s Minister of Energy and Natural Resources Hilmi Guler said Azerbaijan’s natural gas would be transported to Greece from July. ...

BTC TO BE ABLE TO TRANSPORT 1.6 BARRELS OF CRUDE OIL

26.03.2007 [19:18]
It is possible to transport 1.6 million barrels of crude via the BTC pipeline, Salih Pashaoglu, director general of Turkey`s BOTAS company said at the international conference. ...

AZERBAIJAN NATIONALS FORM 80 PERCENT OF WORKFORCE EMPLOYED BY ACG PROJECT

25.03.2007 [15:07]
Phase-3 construction work will have been completed by the end of the year. Oil production will start next year in the deepwater Guneshli field Azeri-Chirag-Guneshli project employs 8400 . ...

NEW ZEALAND COMPANY WINS SOCAR’S TENDER

24.03.2007 [15:24]
Azerbaijan’s State Oil Company (SOCAR) has named the winner of its tender who will transport 1 million barrels of Azerbaijani crude oil (Azeri Light) from the Turkish port of Ceyhan in April ...