Energy - 2023
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Baku/26.06.23//Turan: The Netherlands will complete gas production at Europe's largest field in Groningen from October 1, the Netherlands Broadcasting Corporation (NOS) reports, citing the decision of...
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Baku/26.06.23//Turan: The State Oil Company of Azerbaijan (SOCAR) sold a 14.35% interest in the “Shah Deniz” Production Sharing Agreement to Southern Gas Corridor Upstream LLC (SOCAR's daughter), SOCA...
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Baku/26.06.23//Turan: A total of 24.75 bcm of natural gas have been transported through the Trans-Adriatic Gas Pipeline (TAP) since December 31, 2020 up to date, Luca Schieppati, Executive Director of...
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Baku/26.06.23//Turan: By the end of 2022, the revenues of the State Oil Company of Azerbaijan (SOCAR) amounted to 119 billion 228 million manats, by 53.8% more than in 2021, the company's consolidated...
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Baku/26.06.23//Turan: In 2022, foreign companies paid bonuses to the State Oil Fund of Azerbaijan (SOFAR) in connection with the implementation of oil and gas projects in the amount of $452.2 million....
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Baku/26.06.23//Turan: The State Agency for Renewable Energy Sources (AREA) under the Ministry of Energy of Azerbaijan and the Japanese company “Komaihaltec” have agreed on cooperation in the field of....
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Baku/26.06.23//Turan: The EU has banned the possibility of transporting Russian oil through a pipeline to Germany and Poland. "The temporary postponement granted to Germany and Poland regarding oil su...
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Baku/23.06.23//Turan: SOCAR and “KazMunayGas” (KMG) are interested in increasing the volume of transit of Kazakh oil through the Baku-Tbilisi-Ceyhan pipeline (BTC).On June 22, SOCAR and KMG signed a m...
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Baku/06/23/23/Turan: In January-May 2023, oil exports via the Baku-Tbilisi-Ceyhan (BTC) pipeline amounted to 94.114 million barrels, by 5.2% higher than in the same period of last year, BOTAS Interna...
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Baku/23.06.23/Turan: SOCAR (The State Oil Company of Azerbaijan) considers current oil prices satisfactory for medium-term planning, SOCAR Deputy Vice President Vitaly Beglyarbekov said."We have succe...
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Baku/23.06.23/Turan: The International Energy Agency (IEA) predicts an increase in oil production in Azerbaijan in 2024-2025 to 570 thousand barrels per day (b/d).According to the agency, in 2023 oil....
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Baku/23.06.23/Turan: The international rating agency Fitch Ratings has significantly lowered the forecasts of gas prices in Europe for 2023 and 2024, the agency's press release. "We lowered our foreca...
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Baku/23.06.23/Turan: Azerbaijani President Ilham Aliyev has approved amendments to the budget of the State Oil Fund (SOFAR) for 2023. The revenues of the State Oil Fund for 2023 increased from 8 billi...
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Baku/23.06.23/Turan: A meeting with a delegation headed by the Executive Director of Boston Consulting Group (BCG) Arthur Milksteins took place at the Ministry of Energy of Azerbaijan yesterday. The m...













