Azerbaijan

Azerbaijan’s SOCAR to Achieve Net-Zero Emissions in Extraction Activities by 2022

SOCAR company declared that it aims to achieve net zero carbon emissions by the early of 2022 in its exploration and production (E&P) activities at its own sites.

Iran, Turkmenistan, Azerbaijan Sign Trilateral Gas Swap Agreement

Iran, Turkmenistan and Azerbaijan have signed a three-way agreement for natural gas transportation between the three countries. Shana news agency announced. 

LUKOIL Joins SWAP Exploration Project in Azerbaijan

LUKOIL signs Agreement to acquire 25% in the Shallow Water Absheron Peninsula (SWAP) exploration project in the Azerbaijan Sector of the Caspian Sea from BP.

BP Commences Production from the East South Flank of Azeri Shah Deniz field

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.

SOCAR Ships 90,000 Tons of Oil to Belarus

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.

ACG Achieves Revenues Worth $3.5 B YoY

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,

BP to Ship Natural Gas from Azerbaijan to Europe

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

Iran Targets Joint Oil Company with Azerbaijan

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

Iran, Azerbaijan Edge Closer to Oil Agreement

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

AMOC to Export 3,000 tons of Mazot

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.

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