SOCAR and ADNOC discussed cooperation in the field of decarbonization

On August 1 of this year, the State Oil Company of Azerbaijan (SOCAR) began supplying gas to Slovenia. Gas supplies are conducted in accordance with the Memorandum of Understanding on expanding cooperation in the field of gas supply between SOCAR and Geoplin, Slovenia's largest company in the natural gas market, signed on July 17 this year, SOCAR's press service. “SOCAR and Geoplin are striving to further develop a long-term energy partnership,” the State Oil Company of Azerbaijan notes.

Oil production at the Azeri-Chirag-Guneshli (ACG) block of fields in the first half of 2024 amounted to 61.15 million barrels (8.2 million tons), the quarterly report of BP-Azerbaijan, which is the operator of the project.

As of July 1 of this year, BP-Azerbaijan employed 2,386 Azerbaijanis including employees working on fixed-term contracts, the report on the company's activities for the first half of 2024.

The maintenance costs of the Baku-Tbilisi-Ceyhan (BTC) oil pipeline in the first half of 2024 amounted to $88.2 million, by 14.5% higher than the same period last year, the quarterly report of BP-Azerbaijan, which is the operator of the project.