Tag Archives: Trend News Agency

SOCAR is the sole producer of oil products in Azerbaijan.

OPEC oil basket’s price stood at $44.23 per barrel on June 27. or $1.09 more than on June 26.

The wells included 14 delineation wells one exploratory and 27 repairing ones.

Halliburton Co renders services in oil and gas production sphere worldwide.

The methanol plant was built by AzMeCo company and is one of the largest investments in the non-oil sector of Azerbaijan.

Azerkimya produced 103.410 tons of ethylene in 2016. as compared to 106.700 tons in 2015.

Iraq has undertaken the second largest cut in oil output after Saudi Arabia among the participants of the OPEC deal signed last year in Vienna.

The US shale oil output will make up more than half of the 1.5 mb d in non-OPEC supply growth forecast for the next year.

Given the current realities in the EU. especially after Brexit. the implementation of South Stream will be impossible without Germany’s approval.

In 2016. SOCAR produced 7.52 million tons of oil from Azerbaijan’s offshore and onshore fields. as compared to 8.16 million tons in 2015.