Azerbaijan

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

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

    Wednesday, 7th July 2021

    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

    SOCAR Ships 90,000 Tons of Oil to Belarus

    Tuesday, 16th February 2021

    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

    ACG Achieves Revenues Worth $3.5 B YoY

    Tuesday, 26th January 2021

    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

    BP to Ship Natural Gas from Azerbaijan to Europe

    Wednesday, 14th October 2020

    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 Targets Joint Oil Company with Azerbaijan

    Wednesday, 2nd May 2018

    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

    Iran, Azerbaijan Edge Closer to Oil Agreement

    Thursday, 15th March 2018

    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

    AMOC to Export 3,000 tons of Mazot

    Monday, 3rd July 2017
    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.
  • Egypt, Azerbaijan Signed MoU

    Egypt, Azerbaijan Signed MoU

    Sunday, 6th November 2016
    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.
  • Iran, Total to Resume Oil Swap with Caspian Sea

    Iran, Total to Resume Oil Swap with Caspian Sea

    Monday, 19th September 2016
    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 to Swap Oil with Caspian Sea States

    Iran to Swap Oil with Caspian Sea States

    Thursday, 18th August 2016
    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.