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06.02.2014 Azerbaijan to draft plan for rational energy use

The work has started in Azerbaijan as part of preparation of the national program for the rational use of energy resources in the country for 2014-2020, according to Azerbaijani Energy Minister Natig Aliyev's article published in Azerbaijan newspaper, Trend reported on F

06.02.2014 Azerbaijan’s SOCAR completes appraisal drilling for new gas storage facility

SOCAR Company (the State Oil Company of Azerbaijan) will start drilling the third well within the framework of the creation of the underground gas storage in the Nakhchivan Autonomous Republic, SOCAR told Trend on February 5.

05.02.2014 Azerbaijan’s SOCAR drills less in January

Azerbaijan's energy giant SOCAR carried out some 10,492 meters of drilling operations (excluding joint ventures and operating companies) in January 2014, compared to 10,629 meters in January 2013, Azernews reported on February 5.

31.01.2014 Azerbaijan’s SOCAR commissions new well in Caspian field

Azerbaijan's state oil company SOCAR has commissioned a second production well on the Umid gas condensate field in the Azerbaijani sector of the Caspian Sea, Azernews reported on January 30.

30.01.2014 Azerbaijan to use Norway’s experience in oil spill prevention

The Azerbaijani Emergency Situations Ministry is ready to tackle any kind of emergency and accident at sea without the assistance of third parties, Azernews reported on January 29.

30.01.2014 BP starts production in fifth well at West Chirag platform in Azerbaijan

BP, project operator for the development of the Azeri-Chirag-Guneshli offshore fields' block, announced the start of oil production in the fifth well at the West Chirag platform, head of BP Azerbaijan Gordon Birrell said at a briefing on January 29, Trend has reported.

29.01.2014 Azerbaijan exempts gasoline imports from duties

In accordance with the decision of the Azerbaijani Cabinet of Ministers, the import of motor gasoline brands with octane rating of 95 and 92 respectively have been exempted from customs duty.

29.01.2014 Azerbaijan’s geology agency starts oil exploration in two areas

The Geology Institute of Azerbaijan National Academy of Sciences (ANAS) started oil exploration in the Yevlakh and Mingachevir regions, Azernews reported on January 29.

29.01.2014 Azerbaijan’s SOFAZ assets up 5% in 2013

The assets of Azerbaijani state oil fund SOFAZ has increased by 5.1 percent as of January 1, 2014, compared to the same period of 2013 and stood at over $ 35.877 billion, Azernews reported on January 28.

24.01.2014 Investment in Azerbaijan's oil sector up 24% in 2013

In 2013 over 4.82 billion manat was invested in Azerbaijan's oil sector, that is 24.2 per cent more than in 2012, the State Statistics Committee of Azerbaijan said in its report released on January 23.