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09.01.2014 Azerbaijani oil export via Baku-Novorossiysk pipeline down 15% in 2013

Azerbaijan’s SOCAR state company cut oil export via the Baku-Novorossiysk pipeline by 15.2% to 1.75mn tons last year, SOCAR has said.

09.01.2014 Azerbaijan’s SOCAR may buy OMV’s refinery in Turkey

Azerbaijan's state energy company SOCAR, which is the largest investor in Turkey, is considering various plans to set foot in Turkey's fuel market, Azernews said on January 8.

08.01.2014 TAP, Interconnector Greece-Bulgaria sign memo on Caspian gas

The Trans Adriatic Pipeline (TAP), which is designed to supply the Caspian gas to Europe, and Interconnector Greece-Bulgaria (ICGB) - the company in charge of the development, financing and construction the Interconnector Greece-Bulgaria (IGB) - have signed a Memorandum

27.12.2013 BP-Led Group Set To Develop A New Source Of Natural Gas For Europe

A consortium of energy companies led by BP ( BP ), which is developing the Shah Deniz natural gas project in the South Caspian Sea, recently announced the final investment decision for the second phase of development of the Shah Deniz gas field located around 70 kilomete

24.12.2013 Fugro Sets up JV with Azerbaijani SOCAR

Fugro has reached agreement with The State Oil Company of the Azerbaijan Republic (SOCAR) to form a new Joint Venture for the performance of bathymetric, geophysical and geotechnical surveys, the provision of autonomous underwater vehicles (AUVs) and remotely operated ve

23.12.2013 Azerbaijan’s SOCAR Buys Greek DESFA

The State Oil Company of Azerbaijan Republic (SOCAR) has signed with the Hellenic Republic Assets Development Fund (HRADF) and the company "Petroleum" an agreement to acquire 66 percent share package of the Greek operator of gas transmission company DESFA, Trend reported

20.12.2013 Gas Production at Azerbaijani Shah Deniz-1 to Be Increased

The annual production volume of gas in the first phase of the development of the gas condensate field Shah Deniz is planned to increase from 9 billion to 10.4 billion cubic meters, Azernews reported on December 1.

20.12.2013 Azerbaijan Shah Deniz Partnership Awards Stage 2 Contracts

The Shah Deniz partnership has announced that it has awarded two major construction contracts for Stage 2 development of the Shah Deniz gas field in the Caspian Sea, according to a message from BP Azerbaijan, Trend reported on December 19.

20.12.2013 Azerbaijan State Oil Fund Investments to Exceed USD 34 Billion in 2014

The projected total cost (the average amount) of the investment portfolio of the State Oil Fund of Azerbaijan (SOFAZ) for 2014 was set at 27 billion mantas, Trend reported on December 20.

18.12.2013 Georgia Expects USD 400-700 Million Investment within Shah Deniz-2 Gas Field Project

Georgia expects investments totalling $400-700 million as part of the second phase of Azerbaijani Shah Deniz field's development, Georgian Energy and Natural Resources Minister, Kakha Kaladze told journalists on December 17, Trend has reported.