Azerbaijan´s SOCAR has increased oil transportation via the Baku-Novorossiysk pipeline by 14 times during the period of January-May 2021, Azernews reported.
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Finland has a lot to offer as Azerbaijan is seeking to diversify its economy away from the dominant oil and gas sector, Sirpa Oksanen, Director of Department for Russia, Eastern Europe and Central Asia, Ministry for Foreign Affairs of Finland told Trend.
The State Oil Company of Azerbaijan has announced it will hold a public auction for safe, sustainable, and economic industrial waste management and recycling.
Supplies of gas to Turkey from the first phase of the Shah Deniz project in Azerbaijan were halted on 17 April, as a 6.6 bcm/year sales contract expired, without the two sides reaching agreement on extending it.
Turkey, Turkmenistan and Azerbaijan envision closer, trilateral economic cooperation. The recent, landmark agreement between Azerbaijan and Turkmenistan on the development of the Kepez/Serdar offshore field, renamed ''Dostluk'' or ''Dostlug” (“Friendship”), which ends a decades-long conflict between the two countries, promises to boost pan-Turkic energy cooperation.
In the announcement of Aramco Overseas Company Azerbaycan is noted that the claims from creditors will be accepted within 2 months.
Nowadays, natural gas has become one of the important factors that lead to economic and social growth. Diversification of natural gas supplies and routes, securing access to energy-rich regions, and guaranteeing reliable gas exports to energy markets are major goals of gas producers and consumers.
British oil major BP (BP.L) and Azerbaijan are discussing setting up a solar energy production facility in Karabakh, Azeri President Ilham Aliyev said on Friday, according to a video released by the state news agency Azertag.
The U.S. Energy Information Administration has changed its forecast for Azerbaijan's average daily oil production for 2021-2022.
Since it regained its independence in 1991, Azerbaijan has come to play a meaningful role in shaping Europe’s energy market.
According to available information, SOCAR has announced that it will supply diesel fuel at a price of more than US$ 30 per ton.
The operating consortium of the Trans-Adriatic Pipeline (TAP) will publish an invitation to tender (ITT) on May 17 for the purchase of gas for its operational activities, including the fuelling of compressor stations.
Azerbaijan fulfilled its commitments under the OPEC+ oil output cut deal in April, with the crude production amounting to 594,000 barrels per day, the ministry of energy told Sputnik on Sunday.
In spite of the warm political ties between the two states Ankara appears in no great hurry to renew the contract, believing it holds the upper hand.
The total oil production from the ACG block of fields since the start of its operations has reached more than 3.9 billion barrels.
Since the collapse of the Soviet Union, crude oil and natural gas have been playing a key role in the geopolitics of the Caspian region. Hydrocarbon revenues became an important source of economic growth for the Caspian Basin countries such as Azerbaijan, Kazakhstan, and Turkmenistan.
Central Asia possesses a significant role within the global geopolitical balance since it comprises numerous trade channels that link many businesses with millions of target customers from China to Portugal and vice-versa.
The source said talks were continuing between Turkey’s state gas importer Botas and the Azerbaijan Gas Supply Company (AGSC), the company representing the Shah Deniz consortium, over a possible renewal,
British oil company BP (BP.L) will suspend its West Azeri platform in Azerbaijan on April 22 for planned maintenance that will last for 15 days, it said in a statement on Wednesday.
Armenia is discussing with Russia the possible construction of a new nuclear power plant, Minister of Territorial Administration and Infrastructure Suren Papikyan told parliament on 15 April. "We plan to have a new nuclear power plant and are already negotiating this issue with partners from Russia.
A total of about 7 million tons of oil were exported from Azerbaijan. SOCAR produced more than 1.9 million tons of oil and over 1.9 billion m3 of gas in the 1st quarter of 2021, the company has reported.
The 2020 war between Azerbaijan and Armenia over their disputed area of Nagorno-Karabakh did not involve Georgia directly.
Ahmad Hosseini made the remarks in a meeting in Nakhchivan with Chairman of Nakhchivan Institute of Oil and Gas Supply Behrouz Azimov.
State Oil Co. of Azerbaijan Republic subsidiary Azerikimya Production Union has completed its previously announced modernization and reconstruction of APU’s ethylene and polyethylene production plant in Sumgait, north of Baku.
