Tag Archives: Azerbaijan

Azerbaijan sharply reduced the export of oil products. In January of this year, Azerbaijan exported 28,058.72 tons of oil products worth 17,434.46 thousand US dollars. The State Customs Committee, the value of the oil products exported by Azerbaijan during the reporting period decreased by 2.6 times and the volume by …

Azerbaijani Energy Minister Parviz Shahbazov visited Washington on February 20-21. He held meetings with senior U.S. officials and secured an agreement that could be a significant step towards boosting Azerbaijani gas exports to Europe. The sides “agreed to cooperate in the direction of US support for the expansion” of the …

Shortly after achieving 1 billion barrels of total oil production the West Azeri platform, one of the seven Azeri-Chirag-Gunashli (ACG) production platforms in the Caspian, BP kicked off a new 4D seismic program on the ACG field on January 20, 2024. According to the oil major, this is its largest-ever …

Norway’s national oil company Equinor has announced that it has sold its shares in two Azerbaijani oil fields and the Baku Tbilisi Ceyhan oil pipeline to Azerbaijan’s state oil company SOCAR and will exit from Azerbaijan after 30 years in the country. “Equinor is in the process of reshaping its …

The General Director of the Industry, Mine and Trade Organization of the Iranian province of East Azerbaijan, Mohammad Jafar Ozmaei, stated that during the first 8 months of the current Iranian year, the province exported non-oil products amounting to over 960 million dollars, Mehr reports. According to Ozmaei, between March …

The director general of the Industry, Mine and Trade Organization in Iran’s East Azarbaijan province said the province has exported over $960 million in non-oil products during the first 8 months of the current Iranian year. Speaking at a conference on the export of non-oil goods, held in Tabriz on …

Azerbaijan’s promise to double its annual gas exports to Europe by 2027 may be a step closer to realization with the news that BP has found new gas reservoirs beneath its existing Azeri–Chirag–Gunashli oil field (ACG) in the Caspian Sea. BP has confirmed to Eurasianet that the appraisal well it …

Kazakhstan has in a fresh effort to ease bottlenecks in a transportation corridor bypassing Russia reached an understanding with Azerbaijan and Georgia to set up a jointly run and owned logistics company. The agreement was signed last week at the culmination of a trip to the South Caucasus nations by …

Europe’s expenditure on Azerbaijani gas imports in April 2023 have reached nearly 490 million euros, Trend learned from Eurostat, the statistical office of the European Union. In April 2023, Azerbaijan supplied 1.047 billion cubic meters of natural gas to Europe, resulting in export revenues of 488,241,329 euros. Meanwhile, Azerbaijan’s energy …

Azerbaijan has begun installation of solar panels at its 230 MW Garadagh plant, the country’s first major solar power plant. Developed by United Arab Emirates-based renewable energy company Masdar, the plant is expected to be operating by the end of this year, producing 500 gigawatt hours (GWh) annually. Azerbaijan has …