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 […]
Successful drilling at the Shafag-Asiman Field
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 […]
Azerbaijan – The Best Destination for Investment
Azerbaijan has tripled its economy in the last 15 years and in the next 10 years the country aims to double its economy, based on the non-oil sector, and is preparing for a new wave of investment that depends on its ability to take advantage of the fourth industrial revolution. […]
SOCAR and UNIPER establish cooperation
On May 25, SOCAR and UNIPER, Germany held the third meeting of the Coordination Committee in Sumgayit. Rovnag Abdullayev, SOCAR President, Klaus Schäfer, CEO of UNIPER and other officials attended the meeting. The companies presented joint projects for training of highly qualified specialists and new projects of “Azerikimya” and then […]
The Economic Council 2015
On the June 9th, 2015 high-ranking representatives in the field of politics, industry and science met at the event “Economic Council 2015” held by CDU. Approximately 2800 participants have dealt with various economic-political issues, taking place nowadays. The majority of discussants has end up with a single idea that in […]
SOCAR und E.ON – 2nd Coordination Committee
On 28th of April, two energy-partner companies SOCAR and E.ON held the second “Coordination Committee” in Duesseldorf, dedicated to discuss current and future prospects in joint projects. The Executive Director of E.ON, Christopher Delbrueck during the session has mentioned about existing partnership between two energy companies, and talked in details […]