Azerbaijan May Begin Joint Oil Refining in Belarus - Ambassador
Baku/29.05.20/ Turan: Azerbaijan and Belarus can establish joint oil refining within the framework of developing cooperation in the energy sector, Azerbaijani Ambassador to Belarus Latif Gandilov believes.
“I think that as the situation develops, the volume of oil supplies can be increased, but our oil companies will already be discussing it. For this, appropriate durable mechanisms have been found. Perhaps other forms of cooperation will appear here. For example, in Belarus, joint oil refining and subsequent sale of products to the market of third countries," Gandilov said in an interview with BelTA.
"But this is just an example. The main thing is that Azerbaijan already has the opportunity to supply oil to Belarus on an ongoing basis," he said.
The diplomat also said that further issues of cooperation in the energy sector may be discussed during the visit of Belarusian President Alexander Lukashenko to Azerbaijan, which is expected this year.
As reported, in March Socar Trading supplied three consignments of oil to Belarus with a total volume of about 250 thousand tons through the port of Odessa and the Odessa-Brody pipeline to the Mozyr refinery. Earlier, Belneftekhim reported that SOCAR could supply up to 1 million tons of oil to Belarus in 2020. –0
Energy
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The State Oil Company of Azerbaijan (SOCAR) is launching the Leucipa monitoring program for the first time in the Caspian region to enhance production efficiency in the oil and gas industry, KOKAR reported. “SOCAR is implementing an innovative digital solution – the Leucipa monitoring program – to optimize processes and improve extraction efficiency. This initiative is part of a strategic collaboration with Baker Hughes. This project is a key part of SOCAR’s digital transformation strategy,” the company’s statement said.
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The daily oil production, including condensate, in Azerbaijan in January amounted to 74.5 thousand tons (559 thousand barrels). Of this volume, oil accounted for 61.7 thousand tons (454 thousand barrels per day), and condensate – 12.8 thousand tons (105 thousand barrels per day), the press service of Azerbaijan’s Ministry of Energy. Thus, Azerbaijan used 82.4% of its OPEC quota in January.
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In January 2025, Azerbaijan exported a total of 2 bcm of natural gas. Compared to January of the previous year, export volumes decreased by 300 mcm, the website of Azerbaijan’s Ministry of Energy. According to the ministry’s data, during the reporting period, Azerbaijan’s gas exports to Europe amounted to 1 bcm (a decrease of 100 mcm.)
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In January 2025, Azerbaijan exported 2 million tons of oil and condensate to foreign markets. The export volumes of liquid hydrocarbons from Azerbaijan decreased by 100 thousand tons, the website of Azerbaijan’s Ministry of Energy.
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