Danny Brouillette: OPEC states lose ability to influence oil price

The OPEC countries are losing their ability to influence oil prices

Daily oil production for January reached 769,000 bpd

This January oil production amounted to 769,000 bpd in Azerbaijan, including 678,000 barrels of crude oil and 91,000 barrels of condensate

SOCAR is largest taxpayer in Georgia

SOCAR is the largest taxpayer in the Georgian economy. The total amount of taxes paid by the company in this country exceeds $1.5 bn

Rovnag Abdullayev: Number of Azerbaijanis studying in Georgian universities reaches 3,000

President Ilham Aliyev has set us the task of improving the living conditions of Azerbaijanis residing in Georgia

Oil price grows after fall, Azeri Light drops by 2.38%

Prices for oil of standard grades are rising on Tuesday after their decline a day earlier up to annual lows

Azerbaijani leader took part in opening of Dubendi substation of Azerenergy

SOCAR AQS creates a JV with Halliburton

SOCAR AQS has signed a Memorandum of Understanding with Halliburton on the establishment of a joint venture on the provision of materials and services for the oil industry in Azerbaijan

Oil prices fall, and Azeri Light declines by $0.04

Prices for oil of standard grades are falling on Monday amid a decrease in the probability of holding an extraordinary OPEC+ meeting

SOCAR representative`s statement about petrol price cutting

SOCAR explained the questions relating to the reduction of gasoline prices and the abolition of the limit on natural gas

BP spent $3 million on social projects in Azerbaijan for 2019

Over the past year BP and its operator partners on joint projects spent $3 million on social investment projects in Azerbaijan

100% of SOCAR Turkey LNG shares sold

100% of SOCAR Turkey LNG`s shares have been sold

Number of Azerbaijani citizens working for BP unveiled

BP Azerbaijan has announced the quantity of employees as of 2019

Oil prices continue rising weakly, Azeri Light falls by 1.4%

Prices of oil of standard grades are growing on Friday, after their rise-fall on Thursday

An exploration well to be drilled in shallow part of Absheron later this year

Planning is underway on the drilling of the first exploration well in the selected location on the territory of the production sharing agreement on the shallow part of the Absheron Peninsula

Capex on these operations total $34 million - Report

In 2019, SCP spent about $48 million in operating expenditure and about $34 million in capital expenditure in total

Last year, Shah Deniz 2 facilities fully commissioned

In 2019 the full commissioning of the Shah Deniz 2 project offshore and onshore facilities land has been completed

Shah Deniz capital expenditures exceed $1 bn for 2019

In 2019, Shah Deniz spent about $544 million in operating expenditure and $1.1 billion in capital expenditure

Over past 13 years BTC carried over 447 million tons of crude

In 2019, BTC spent approximately $138 million in operating expenditure and about $44 million in capital expenditure

About 263 million barrels of oil and condensate exported from Sangachal terminal in 2019

In 2019 Sangachal terminal’s overall processing and export capacity for gas, including ACG associated gas, is around 100 million standard cubic metres per day

BP published production volume from ACG

BP has published a report on business operations for 2019

Construction of next stage of ACG worth $6 bn starts

About $567 million in operating expenditure and $1.476 million in capital expenditure were spent on ACG activities in 2019