Turkey keen to get gas from Turkish Stream as well as TANAP
Russia’s Turkish Stream project does not compete with the planned Trans-Anatolia Natural Gas Pipeline (TANAP), Turkish Economy Minister Nihat Zeybekci told journalists in Baku this week.
6 February 2015Azerbaijan boosts gas exports by 17.4%
Azerbaijan exported 8.6 billion cubic metres of gas in 2014 – 17.4% more than in 2013 – the country’s State Customs Committee has announced.
16 January 2015SOCAR ups capex on gas distribution in Azerbaijan
State Oil Company of Azerbaijan Republic raised spending on gas distribution projects in 2013 by 36.5% to AZN 218.57 million ($278.68 million), the company has announced.
8 September 2014Iran to access to Azerbaijan’s underground gas storage
Azerbaijan and Iran are discussing the possibility of jointly using Azerbaijan’s underground gas storage facilities, State Oil Company of Azerbaijan Republic said on Tuesday.
6 August 2014Shah Deniz development capex to be $33 bln by 2041
The amount of capital expenditure needed to develop the Shah Deniz field will amount to $33 billion by 2041, State Oil Company of Azerbaijan Republic (SOCAR) said in a financial report for 2013.
9 July 2014Absheron could be developed with underwater method
France’s Total has suggested the Absheron field could be developed using an underwater method and not a drilling rig, State Oil Company of Azerbaijan Republic told Interfax.
4 June 2014Statoil shows interest in Ashrafi, Karabakh fields – SOCAR
Norway’s Statoil has expressed interest in developing the Ashrafi and Karabakh fields in Azerbaijan’s Caspian sector, Vagif Aliyev, the head of investment management at State Oil Company of Azerbaijan Republic, told journalists on Tuesday.
4 June 2014SOCAR hires RWE Dea to study Caspian shallow water
SOCAR has reached an agreement with German exploration group RWE Dea – a subsidiary of RWE – on a joint study of a shallow-water area in Azerbaijan’s sector of the Caspian Sea.
7 May 2014TANAP investment decision due in April 2014
State Oil Company of Azerbaijan Republic (SOCAR) should complete all preparations for construction the Trans-Anatolian Pipeline (TANAP) by the end of this year and FID should be ready by the end of April, the company’s President Rovnag Abdullayev has told reporters.
14 April 2014SOCAR, Shah Deniz partners agree Phase 3
The multinational consortium developing the Shah Deniz gas field in Azerbaijan’s sector of the Caspian Sea has agreed to conduct exploration work under a potential third phase of the project, a representative of State Oil Company of Azerbaijan Republic (SOCAR) told Interfax.
13 March 2014Turks eye bigger stake in TANAP
Turkish Petroleum Corp. (TPAO) and Botas may increase their stake in the Trans-Anatolia Pipeline (TANAP), the head of State Oil Company of the Azerbaijan Republic (SOCAR), Rovnag Abdullayev, said on T
10 December 2013BP boosts Shah Deniz production
BP-Azerbaijan produced 7.3 billion cubic metres of gas at the Shah Deniz field in the first nine months of 2013, 40.4% more than in the same period of 2012, the company has told Interfax.
18 November 2013
Shah Deniz secures European customers
BP says its Shah Deniz project in Azerbaijan’s section of the Caspian Sea has buyers lined up in Europe, but observers are sceptical this will help advance the country’s other projects.
7 August 2013SOCAR net profit grows by 18% in 2012
The State Oil Company of Azerbaijan Republic (SOCAR) made AZN 954.99 million ($1.22 billion) in net profit, it reported to international standards last year – 17.9% more than the year before – acc
8 July 2013TAP, Greece’s DESFA strike agreement
The consortium in charge of building the Trans-Adriatic Pipeline has signed a cooperation agreement with DESFA, the operator of the Greek gas transport system, TAP has said in a statement.
3 July 2013Shah Deniz raises gas output by 21% in Q1
BP-Azerbaijan produced 2.42 billion cubic metres of gas at the giant Shah Deniz gas field in Azerbaijan’s sector of the Caspian Sea in Q1 2013, a 21% increase year on year, Interfax has learned.
7 May 2013TANAP to cost $10-11 bln to build – SOCAR
The construction of the Trans-Anatolia Pipeline (TANAP) will cost an estimated $10-11 billion, the head of State Oil Company of Azerbaijan Republic’s (SOCAR’s) investment arm Vagif Aliyev told reporters on Monday.
8 April 2013Shah Deniz Stage 1 exports fall by 24.5%
Gas exports from Stage 1 of Azerbaijan’s Shah Deniz field in the Caspian Sea fell by 24.5% year on year to 651.8 million cubic metres in January-February 2013, the State Statistics Committee has tol
27 March 2013BTE expansion in 2015
The Southern Caucasus or Baku-Tbilisi-Erzerum trunk pipeline will have its capacity increased to 16 billion cubic metres, to take Stage 2 Shah Deniz gas to Turkey and Europe in 2015.
15 February 2013Trans-Caspian pipeline could cost $1-2 bln – minister
Construction of the Trans-Caspian gas pipeline could cost $1-2 billion, Azerbaijani Industry and Energy Minister Natik Aliyev said on Wednesday.
6 February 2013About 29 article(s) for Nigar Abbasova