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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.
Read More »SOCAR Launches Platform at Azerbaijani Offshore Field
Capacity of Bulgaria’s Transit Gas Pipeline to Turkey to Increase in 2018
The project is in line with the Bulgarian government’s efforts to diversify the current gas delivery routes and sources.
Read More »BP: Shah Deniz Stage 2 Completed by Over 95%
The construction and commissioning of the subsea construction vessel (SCV) ``Khankendi`` are progressing well at the Baku Shipyard.
Read More »SOCAR Gets 4 New Licenses in Turkey
It is expected that in 2018. the consolidated turnover of SOCAR Turkey Enerji will reach $15 billion.
Read More »SOCAR to Drill 8 Additional Wells at Offshore Field
SOCAR produced 3.71 million tons of oil from Azerbaijan’s offshore and onshore fields in January-June 2017. as compared to 3.78 million tons in the same period of 2016.
Read More »SOCAR. LUKOIL Eager to Acquire Assets in Turkish Market
LUKOIL owns a 10-percent stake in the consortium for the development of the giant Shah Deniz gas field in Azerbaijan.
Read More »OPEC Oil Price Decrease
The price for September futures of West Texas Intermediate (WTI) grew by 0.02 percent and stood at $48.83 per barrel.
Read More »Turkey Upgrades Old Hydroelectric Power Plants
Currently. 600 hydroelectric power plants operate in Turkey.
Read More »22 Countries of OPEC Deal Produce 470.000 b d in Excess
OPEC crude output rose by 230.000 b d in July to a 2017 high of 32.84 million b d. led by a strong recovery in Libya. according to IEA estimates.
Read More »IEA Expects Non-OPEC Output to Expand
The US output is forecast to rise by 0.6 million b d and 1 million b d in 2017 and 2018. respectively. according to the report.
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