Azerbaijan's state energy company SOCAR and Russian oil pipeline monopoly Transneft -- the operator of the Baku-Novorossiysk pipeline's Russian section - have signed a new deal on the continuation of oil pumping via the pipeline, Azernews reported on February 18.
Azerbaijan produced 3.6 million tons of oil and gas condensate in January, compared to 3.8 million tons in the same period last year, the State Statistics Committee website reported on February 17, Trend has said.
Azerbaijan's state energy firm SOCAR decided to transport oil through the Baku-Tbilisi-Ceyhan oil pipeline instead of the Baku-Novorossiysk pipeline, Azernews reported on February 17.
The transportation via BTC is launched from February 15.
The Organization of Petroleum Exporting Countries (OPEC) has predicted that Azerbaijan's oil production will slightly increase by 10,000 barrels per day (bpd) to 0.88 million bpd in 2014, Azernews reported on February 15.
Representatives of British companies active in the energy sector are expected in Azerbaijan in March, the British Energy Industries Council, EIC, has said. EIC will be one of the organizers of the event.
BP will increase investment in its oil and gas projects in Azerbaijan by almost 50% to $8.74 billion this year, BP’s Azerbaijani subsidiary which operates the projects has said.
Bulgaria's Economy and Energy Minister Dragomir Stoynev has confirmed Bulgaria's interest in receiving gas supplies from Azerbaijan, Novinite.com reported on February 13.
British BP, which operates a number of major oil and gas projects on behalf of its co-ventures in Azerbaijan, Georgia, and Turkey, made public the results of 2013, Azernews reported on February 13.
An explosion occurred on February 13 at a petrol station's gas tank in Baku's Khatai district, Azerbaijani Emergency Situations Ministry told Trend.
The continuation of oil pumping via the Baku-Novorossiysk pipeline on mutually beneficial conditions is in the interests of both "Transneft" and SOCAR, SOCAR (The State Oil Company of Azerbaijan) told Trend on February 13.