Tag Archives: Azerbaijan

The R&.D center will focus on the development of petrochemical products. materials. and energy efficiency.

The total refining capacity of the refinery will be 10 million tons.

OPEC+ provides main support to the oil market.

The Southern Gas Corridor is one of the priority projects for the EU.

Iran’s exports to Azerbaijan mainly included liquefied natural gas and iron and steel pipes.

The volume of gas transportation through TANAP reached 1 billion cubic meters as of 2018.

OPEC and non-OPEC producers reached an agreement in December 2016 to curtail oil output jointly.

BP is targeting the Shafag-Asiman area. which could be a similar size to Shah Deniz 2.

SOCAR also plans to purchase Turkish assets of the German energy giant EWE.

Russia invested $4.2 billion in Azerbaijani economy in different forms. including in the form of joint ventures.