Nowadays, natural gas has become one of the important factors that lead to economic and social growth. Diversification of natural gas supplies and routes, securing access to energy-rich regions, and guaranteeing reliable gas exports to energy markets are major goals of gas producers and consumers.
British oil major BP (BP.L) and Azerbaijan are discussing setting up a solar energy production facility in Karabakh, Azeri President Ilham Aliyev said on Friday, according to a video released by the state news agency Azertag.
The U.S. Energy Information Administration has changed its forecast for Azerbaijan's average daily oil production for 2021-2022.
Since it regained its independence in 1991, Azerbaijan has come to play a meaningful role in shaping Europe’s energy market.
According to available information, SOCAR has announced that it will supply diesel fuel at a price of more than US$ 30 per ton.
The operating consortium of the Trans-Adriatic Pipeline (TAP) will publish an invitation to tender (ITT) on May 17 for the purchase of gas for its operational activities, including the fuelling of compressor stations.
Azerbaijan fulfilled its commitments under the OPEC+ oil output cut deal in April, with the crude production amounting to 594,000 barrels per day, the ministry of energy told Sputnik on Sunday.
In spite of the warm political ties between the two states Ankara appears in no great hurry to renew the contract, believing it holds the upper hand.
The total oil production from the ACG block of fields since the start of its operations has reached more than 3.9 billion barrels.
Since the collapse of the Soviet Union, crude oil and natural gas have been playing a key role in the geopolitics of the Caspian region. Hydrocarbon revenues became an important source of economic growth for the Caspian Basin countries such as Azerbaijan, Kazakhstan, and Turkmenistan.
Central Asia possesses a significant role within the global geopolitical balance since it comprises numerous trade channels that link many businesses with millions of target customers from China to Portugal and vice-versa.
The source said talks were continuing between Turkey’s state gas importer Botas and the Azerbaijan Gas Supply Company (AGSC), the company representing the Shah Deniz consortium, over a possible renewal,
British oil company BP (BP.L) will suspend its West Azeri platform in Azerbaijan on April 22 for planned maintenance that will last for 15 days, it said in a statement on Wednesday.
Armenia is discussing with Russia the possible construction of a new nuclear power plant, Minister of Territorial Administration and Infrastructure Suren Papikyan told parliament on 15 April. "We plan to have a new nuclear power plant and are already negotiating this issue with partners from Russia.
A total of about 7 million tons of oil were exported from Azerbaijan. SOCAR produced more than 1.9 million tons of oil and over 1.9 billion m3 of gas in the 1st quarter of 2021, the company has reported.
The 2020 war between Azerbaijan and Armenia over their disputed area of Nagorno-Karabakh did not involve Georgia directly.
Ahmad Hosseini made the remarks in a meeting in Nakhchivan with Chairman of Nakhchivan Institute of Oil and Gas Supply Behrouz Azimov.
State Oil Co. of Azerbaijan Republic subsidiary Azerikimya Production Union has completed its previously announced modernization and reconstruction of APU’s ethylene and polyethylene production plant in Sumgait, north of Baku.
LNG supplies to Greece in the first quarter of 2021 more than halved year on year, as pipeline deliveries via the Southern Gas Corridor began and sky-high spot LNG prices saw cargoes diverted to Asia.
Since it regained its independence in 1991, Azerbaijan has come to play a meaningful role in shaping Europe’s energy market.
Since 2015 Turkey has diversified its heavy natural gas import dependence on Russia by increasing gas imports from Iran and Azerbaijan – through the TANAP pipeline – and liquefied natural gas (LNG) imports.
The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by $1.75 on Mar.24 compared to the previous price, making up $63.68 per barrel, Trend reports referring to the source from the country’s oil and gas market.
Aside from Norway, Africa, and Azerbaijan, all of Norway's other production regions lost money in 2020. 17% of Equinor's assets are in the U.S., but the region lost Equinor a painful $5.8 billion over the last two years.
BP and Azerbaijan's Socar have made a gas condensate discovery after 14 months of drilling to a depth of nearly 7,200 meters in the Shafag-Asiman block in deepwater off the Caspian Sea coast, the state company said March 25.