President of “Lukoil Overseas Holding Ltd” Andrey Kuzayev and first vice-president of the National Oil Company “KazmunayGas” Timur Kulibayev have signed two optional agreements on exploration and extraction of hydrocarbon ...

One more highly productive drilling well has been put into operation on the platform N 19 in the “Gunashli” oil field, SOCAR said. This well allows to extracted 200 tons ...

Within June 2002- May 2003, McDermott Caspian Contractors Inc /MCCI/ has contributed about 70% of the funds required for Azerbaijan International Operating Company /AIOC/ projects to local producers and subcontractors. ...

BP, SOCAR and “Azerigas” have reached an agreement to create a single system to deliver associated gas extracted from the “Azeri-Chirag-Guneshli” field to the gas distribution system.
“We intend to ...

Azerbaijani geologists will continue oil exploration works in the Kazakh sector of the Caspian Sea in 2004, SOCAR vice-president Khoshbakht Yusifzadeh said. “To this end, geophysical vessel “Gilavar, owned by ...

The Ukrainian company Ukrtansneft has approached the state organs and companies of Azerbaijan, Kazakhstan, Russia and Uzbekistan with a proposal to take part in filling the Odessa-Brody pipeline with process ...

This is the topic of international conference, to be held in Baku on September 16. London information network on conflicts and establishment of state (LINCS) and Azerbaijani national center of ...

Development of the central part of “Azeri” field, a part of the “Azeri-Chirag-Guneshli” contract area, is going on according to schedule and 70 percent of construction works have already been ...

The work on enlargement of the Sagachal terminal goes on ahead of schedule and 60 percent of its total volume has been fulfilled. It was announced by Director of the ...

McDermott Caspian Contractors Company will complete construction of the first sub-sea oil pipeline in the frame of the project on elaboration of “Azeri” field, late 2003, Tony Boil, head of ...

International group of “Itera” companies has supplied 2.6 bln cubic meters of gas to Azerbaijan, for January-August 2003, AzerTAj correspondent learnt from State Oil Company of Azerbaijan SOCAR.
Volume ...

The State Oil Company of Azerbaijan Republic /SOCAR/ has pumped 1,715 million tons of oil en northern route – Baku-Novorossiysk pipeline – for January-August. This volume totaled 1,639 million tons ...

European Bank for Reconstruction and Development is discussing the opportunity to grant $200 million credit to finance 10 percent share of the State Oil Company of Azerbaijan in the project ...

The Azerbaijan International Operational Company (AIOC), dealing with development of the contract area of Azeri-Chirag-Gunashli (ACG) in the Caspian shelf , has produced 4313,23 thousand tons of oil in January ...

Total volume of oil, produced by the State Oil Company of Azerbaijan Republic (SOCAR) in eight months current year amounted 5953,1 thousands tons, which is by 1,6%, or 94,4 thousands ...

A separate company will be founded to operate Aktau-Baku system; four companies: Eni, TotalFinaElf, ConocoPhilips and Inpex involved in development of Kazakh field ‘Kashagan’ with 15 percent share in BTC ...

The European Bank for Reconstruction and Development and the International Finance Corporation plan to consider financing the Baku-Tbilisi-Ceyhan pipeline project in October.
EBRD Senior Banker Charlotte Philips said ...

The European Bank for Reconstruction and Development is to make a resolve granting quota of the State Oil Company of the Azerbaijani Republic (SOCAR) a credit in 2004 to finance ...

The LUKoil Company submitted a number of new offers to the State Oil Company of the Azerbaijani Republic (SOCAR) on rehabilitation of a block of onshore fields Govsani-Zikh, Director of ...