Oil Production from ACG Decreased by 7% While Costs Increased by 31%

By the beginning of May 2024, the total volume of BP investments in all projects in Azerbaijan amounted to about $ 85 billion, BP Vice President for the Caspian region Bakhtiyar Aslanbayli  announced at the opening event of the Laboratory for Information Technology and Cybersecurity at Baku Engineering University.

Issues of joint cooperation and investment opportunities between the State Oil Company of the Republic of Azerbaijan (SOCAR) and Saudi Arabian companies were

After announcing its goals, the State Oil Company of Azerbaijan (SOCAR) intends to join the United Nations Partnership on Oil and Gas Methane 2.0 (OGMP 2.0) program, SOCAR Department Head Mustafa Gurbanli said at a panel at the forum "Public Processes in the Media Plane" in Baku. According to him, this will happen in the near future.

Last Saturday, the Minister of Economy, Chairman of the SOCAR Supervisory Board Mikail Jabbarov, SOCAR President Rovshan Najaf and members of the supervisory board handed over the keys to apartments to oil workers who received apartments in a residential complex built by the “Neftchi” Housing and Construction Cooperative.