Azerbaijan

Azerbaijan Stuck to Opec+ Quota in July
Azerbaijan produced 553,800 b/d of crude last month, unchanged from June and fully in line with its Opec+ commitment, according to preliminary data from state-o…
Thermal Plant
'Azerbaijan' Thermal Power Station - Only Power Station in Country Capable of Operating on Fuel Oil
‘Azerbaijan' thermal power station is the only power station in Azerbaijan that can operate on fuel oil.
Crude Oil
OPEC Changed its Forecast for Oil Production in Azerbaijan
OPEC reported in June that it predicted azerbaijan would reduce its output by an average of 70,000 barrels a day to 720,000 b/d in 2020, compared with 700,000 b…
Oil & Gas Trade
Turkey to Receive 6 bcm of Natural Gas from Azerbaijan by June's End
The Trans Anatolian Pipeline will reach a milestone this month as six billion cubic meters (bcm) of natural gas is set to be delivered to Turkey by the end of J…
Oil Field
U.S. Energy Giant ExxonMobil Puts Stake In Azerbaijani Oil Field Up For Sale
ExxonMobil has again put its stake in Azerbaijan’s largest oil field up for sale despite a historic decline in oil prices linked to a decline in consumption du…
Oil&Gas Drilling
SOCAR Starts Drilling New Well at Umid Gas Field
The State Oil Company of Azerbaijan has started drilling a new well at the Umid-1 platform of the Umid field, the company told local media on May 5.
Hydropower Plant
Azerbaijani Deputy FM Talks about Construction of Hydroelectric Power Plants
Azerbaijani Deputy Foreign Minister Khalaf Khalafov has clarified the issue related to the construction of the ‘Khudaferin’ and ‘Giz Galasi’ hydro-junctions…
Oil & Gas Trade
Azerbaijan's SOCAR Says BP to Cut Oil Output by 76,000 Bpd in May-June
Azerbaijan’s state energy company SOCAR said on Thursday that BP, which leads a number of big energy projects in the former Soviet country, will cut its oil…
Oil&Gas Drilling
Russia’s Grand Plan For Arctic Oil Is Under Threat
Russia's oil sector has been at the center of virtually all developments in its modern history. Imperial Russia already produced oil in the early days of the in…
Crude Oil
Azerbaijan Imposes Oil Cuts on BP-Led Fields
Azerbaijan's BP-led Azeri-Chirag-Guneshli project will have to cut output sharply from May for the first time ever as the country moves to meet its commitment u…
Crude Oil
In Rare Development, Oil Majors Are Forced To Cut Output Under OPEC Deal
A British Petroleum-led project in Azerbaijan will have to cut production in May for the first time as Azerbaijan will need to take drastic measures to meet its…
Crude Oil
Azerbaijan Could Soon Tap Its 410 Million Barrel Oil Reserves
Azerbaijan says it has proven an oil deposit in the Caspian Sea is commercially viable, offering a small psychological boost as the country’s oil-based econo…
Oil & Gas Trade
Azerbaijan's BTC Pipeline Jan-Feb Oil Exports Down 7.3 Per Cent yr/yr
Azerbaijan's total oil exports in January-February totalled 6.271 million tonnes, about 80 per cent through the BTC.
Oil & Gas Trade
Worldwide Oil Price Drop to Curb Turkey's Gas Import Costs by 30%
The drop in oil prices could lead to a 30% decrease in Turkey's long-term natural gas contracts with Russia, Iran and Azerbaijan, experts predict.
Oil&Gas Drilling
First Shafag-Asiman Exploration Well Spudded Offshore Azerbaijan
SOCAR and BP announced today that the first exploration well was spudded on the Shafag-Asiman offshore block in the Azerbaijan sector of the Caspian Sea on 13 J…

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Azerbaijan

Azerbaijan Stuck to Opec+ Quota in July

'Azerbaijan' Thermal Power Station - Only Power Station in Country Capable of Operating on Fuel Oil

OPEC Changed its Forecast for Oil Production in Azerbaijan

Turkey to Receive 6 bcm of Natural Gas from Azerbaijan by June's End

U.S. Energy Giant ExxonMobil Puts Stake In Azerbaijani Oil Field Up For Sale

SOCAR Starts Drilling New Well at Umid Gas Field

Azerbaijani Deputy FM Talks about Construction of Hydroelectric Power Plants

Azerbaijan's SOCAR Says BP to Cut Oil Output by 76,000 Bpd in May-June

Russia’s Grand Plan For Arctic Oil Is Under Threat

Azerbaijan Imposes Oil Cuts on BP-Led Fields

In Rare Development, Oil Majors Are Forced To Cut Output Under OPEC Deal

Azerbaijan Could Soon Tap Its 410 Million Barrel Oil Reserves

Azerbaijan's BTC Pipeline Jan-Feb Oil Exports Down 7.3 Per Cent yr/yr

Worldwide Oil Price Drop to Curb Turkey's Gas Import Costs by 30%

First Shafag-Asiman Exploration Well Spudded Offshore Azerbaijan