Azerbaijan

Egypt, Azerbaijan Signed MoU

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

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 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.

Azerbaijan to Deliver Gas to Europe

Azerbaijan’s Energy Minister, Natig Aliyez, has announced that the country’s natural gas field, Shahdeniz field, situated in the South Caspian Sea, contains sufficient volumes of gas reserves to meet energy demand of ...

Indian ONGC Videsh to Trade Crude Jointly with SOCAR

Indian OVL signed a Memorandum of Understanding (MoU) with SOCAR Trading, the trading arm of Azerbaijan's government-owned energy firm SOCAR, for foraying into oil trading business.

Southern Gas Corridor ‘On Time’, BP Exec

The Southern Gas Corridor, a project of pipelines which will transport gas from the Shah Deniz field in Azerbaijan to European markets for the first time in history, is running on time and on budget, a BP senior exec ...

Azerbaijan Seeks To Buy More Russian Gas

Azerbaijan's state oil company SOCAR has put forward a proposal to Russia's Gazprom for purchasing 3 to 5bcm of gas a year, SOCAR President Rovnag Abdullayev told reporters.

Azerbaijan, Armenia Sign Ceasefire Deal over Nagorno-Karabakh

A ceasefire between key oil and gas players in the Caspian region, Azerbaijan and Armenia, was signed on April 5th putting an end to a renewed conflict that erupted over the breakaway Nagorno-Karabakh region. The dea ...

Azeri SOCAR to Reconstruct Baku Oil Refinery

The State Oil Company of Azerbaijan (SOCAR) and KBR, the American engineering, procurement, and construction company, will create an ad hoc group of experts for the management of the reconstruction work of the Baku O ...

Georgia Sees No Need for Iranian Gas after Azeri Deal

Georgia will not import gas from Iran after having signed agreements for increased gas supplies from Azerbaijan's state oil company SOCAR at the beginning of March.

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