PJSC LUKOIL announced that it has acquired 25% participating interest in the Shallow Water Absheron Peninsula (SWAP) exploration project in the Azerbaijan sector of the Caspian Sea from the British multinational oil a...
BP announced that it has started production from the East South flank of Shah Deniz 2 gas field in Azerbaijan, according to a statement released by the company. The company also said that it is adding an extra 400 mil...
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, Neftegaz.RU reported quoting local media. A...
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, a press relea...
BP has confirmed plans to start up natural gas exports from Azerbaijan to Europe by the end of 2020, according to Reuters. BP said in a statement to Reuters, “(This) will allow the Shah Deniz Consortium to finalize th...
Iran is aiming to form a joint oil company with Azerbaijan, according to Iranian Deputy Oil Minister Amir Hossein Zamaninia, the Islamic Republic News Agency reported. The company would be formed within the framework ...
There have been positive developments in ongoing oil talks between Iran and Azerbaijan and a deal may be signed in March 2018, Mehr News Agency has reported. It is hoped an agreement can be concluded when Iranian Pres...
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, according to Cement Egypt. AMOC ...
A press release to Egypt Oil&Gas stated that the Egyptian Minister of Petroleum, Tarek El Molla, witness the signing of a memorandum of understanding (MoU) between the Egyptian General Petroleum Corporation (EGPC)...
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. This agreement signals the revival of o...