Production News in Azerbaijan
| 9/20/2024 - The State Oil Company of the Azerbaijan Republic (SOCAR), bp, MOL, INPEX, Equinor, ExxonMobil, TPAO, ITOCHU and ONGC Videsh held an event on the occasion of the 30th anniversary of the "Contract of th... |
| 12/20/2023 - Rovshan Najaf, President of the State Oil Company of Azerbaijan Republic (SOCAR), met with Jean-Luc Guiziou, Senior Vice President for Exploration and Production for
Europe at TotalEnergies. |
| 8/31/2023 - August 31, 2023, witnessed a ceremony marking the commencement of the first gas production from the Absheron gas and
condensate field. In his inaugural address, Mik... |
| 12/30/2021 - According to the operative data, Azerbaijan produced 31.6 million tons of oil (including condensate) in January-November 2021. The production of oil (including condensate) decreased by 16.5 thousand t... |
| 10/14/2021 - SOCAR achieved growth in drilling and production in the third quarter of 2021. The company conducted more than 20,000 meters1 of drilling, which is 82% more than the same period last year. ... |
| 7/16/2021 - Due to the global oil demand growth, driven by COVID-19 vaccination, OPEC+ continued easing the restrictions on production volumes for participating countries. |
| 4/16/2021 - In the first quarter of 2021, SOCAR produced more than 1.9 million tons1 of crude oil and above 1.9 billion cubic meters2 of natural gas.
... |
| 12/31/2020 - The Shah Deniz consortium announced commencement of commercial gas deliveries to Europe from the Shah Deniz gas field in the Caspian Sea offshore Azerbaijan via the newly-completed Southern Gas Corrid... |
| 6/25/2020 - Zenith Energy Ltd. ("Zenith") (ZENA-ME), the listed international oil & gas production company focused on pursuing African development opportunities, is pleased to announce that the handover process (... |
| 4/30/2020 - On April 9, 2020, 23 member countries of OPEC+ discussed the economic recession caused by Covid-19 pandemic and agreed to cut oil production by 9,7 million barrels per day from May 1, 2020, in order t... |
| 10/18/2019 - In the third quarter of 2019, SOCAR increased oil production by 2.8% and natural gas production by 11.4% compared to the same period of the previous year, producing approximately 21 million tons of oi... |
| 10/9/2019 - Zenith Energy, the international oil & gas production company operating onshore in Azerbaijan, has provided an update on drilling results at well C-37 in the Jafarli oil field. ... |
| 8/29/2019 - For many years, Tekfen Holding has been serving SOCAR (Azerbaijan's State Oil Company) in the role of contractor, helping SOCAR to realise its investment projects. Now the scope of this co-operation i... |
| 4/16/2019 - • SOCAR commissioned its highest-capacity well drilled at Umid field; it will produce 900 million cubic meters of natural gas annually ... |
| 1/16/2019 - • Production at the SOCAR’s carbamide plant will eliminate the need for imports of nitrogen fertilizers, thereby reducing the country’s expenditures in foreign currency ... |
| 10/17/2018 - Following the growth in production, over 3 billion cubic meters of gas have been supplied to gas storage facilities. ... |
| 8/3/2018 - Greenfields Petroleum Corporation, an independent exploration and production company holding an 80% interest in certain producing assets in Azerbaijan, is pleased to announce that it has reached an ag... |
| 7/16/2018 - Exports from the first stage of Azerbaijan's giant Shah Deniz gas field stood at 3.654 billion cubic metres (bcm) in the first half of this year, down 3.9 percent from a year earlier, the State Statis... |
| 1/22/2018 - SOCAR achieved steady oil and natural gas production in 2017 by increasing the volume of drilling operations.
During the year SOCAR conducted 138 thousand meters of drilling work raising it by 30.7% ... |
| 9/14/2017 - The Azerbaijan Government and the State Oil Company of the Republic of Azerbaijan (SOCAR), together with BP, Chevron, INPEX, Statoil, ExxonMobil, TP, ITOCHU and ONGC Videsh signed the amended and rest... |
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