BP has started production from the East South flank of Shah Deniz 2 gas field in Azerbaijan, and adding an extra 400 million standard cubic feet of gas per day (mmscf/d) to the initial production.

The Deputy Head of Azerbaijan’s State Oil Company SOCAR, Ibrahim Ahmadov, said that the company has shipped a batch of 90,000 tons of Azerbaijani oil to Belarus in February.

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) announced that Azeri-Chirag-Gunashli (ACG) oil field has achieved revenues worth $3.5 billion during the period from January 2020 to January 2021,

British Petroleum (BP) has confirmed plans to start up natural gas exports from Azerbaijan to Europe by the end of 2020.

Iran seeks to form a joint oil company with Azerbaijan, according to Iranian Deputy Oil Minister Amir Hossein Zamaninia.

There have been positive developments in ongoing oil talks between Iran and Azerbaijan and a deal may be signed in March 2018.

Egypt's Alexandria Mineral Oils Company (AMOC) reached an agreement with the State Oil Company of Azerbaijan Republic (SOCAR) over exporting 3,000 tons of Mazot during June 2017.

The Egyptian Minister of Petroleum, Tarek El Molla, witness the signing of a memorandum of understanding (MoU) between the Egyptian General Petroleum Corporation (EGPC) and Azerbaijan's Socar Company.

Naftiran Intergraded Company Sàrl, Swiss-based subsidiary of the National Iranian Oil Company (NIOC), and France's Total will sign oil swapping deal for around 200,000b/d.

Iran can swap up to 120,000 b/d of crude oil, which can be enhanced to over 1.5 mb/d in the future, with its northern neighbors at North Oil Terminal.