Due to the acceleration of vaccination processes in 2021, economic activity in Azerbaijan, as well as around the world, increased reactivating various fields. In parallel with the demand for energy resources in the oil sector, oil and gas prices have risen significantly. Taking advantage of positive global trends, SOCAR has […]
Within first seven months of the current year 2021, Azerbaijan produced 20 million 96 thousand tons of crude oil (including gas condensate) and more than 24 billion cubic metres of natural gas. From this volume, 17 billion 756.9 million cubic metres of marketable gas were extracted. During this period, Azerbaijan […]
In an exploration well on the Shafag-Asiman block in the Azerbaijani sector of the Caspian Sea, the first gas condensate deposits were found at a depth of 7189 meters. This marks the successful completion of exploration and drilling of the field. In order to determine the exact volume of hydrocarbon […]