Azerbaijan
Oil production in Azerbaijan decreased in January 2012
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February 01, 2012Oil production decreased 1,0% in Azerbaijan comparing with first month of 2011 and 9,0% comparing with January 2010 since production from the Azeri-Chirag-Guneshli (ACG) averaged 823,100 bpd in 2010, but fell to 757,500 in the first nine months of 20...
Forecasts confirm: oil boom in Azerbaijan is approaching to end
November 16, 2011CESD/ Baku -- Officials figures and forecasts confirm that oil boom in Azerbaijan is approaching to end: 50 million ton in 2010, 46 million ton in 2011 and 45 million ton in 2012, 32 million ton in 2016. Azerbaijan will produce 45 million...
Azerbaijan-Turkey gas deal's impact on supply to Europe
November 04, 2011CESD/ Baku -- Last week Azerbaijan and Turkey signed a number of export agreements that allow Turkey to buy gas from Azerbaijan and transport it through neighboring countries to Europe. According to a statement posted on the official website of the State...
British Petroleum proposes South-East Europe Pipeline in place of Nabucco
November 03, 2011By Vladimir Socor/ Eurasia Daily Monitor/ Washington, DC -- Azerbaijan and the Shah Deniz gas producers’ consortium have just signed bilateral agreements with Turkey on gas transit to Europe (see EDM, November 1). Meanwhile, the Shah Deniz consortium...
Should Azerbaijan say “no” to the Nabucco pipeline project?
June 01, 2011Vugar Bayramov: ‘ It doesn’t seem realistic to find an alternative to the Nabucco project neither in an economic nor political sense.’ The Nabucco gas pipeline agreement will be signed on June 6th. From the report of the Turkish Energy...
Azerbaijan could say ‘no’ to Nabucco?
May 26, 2011Azerbaijan could export its gas to European markets by routes other than the Nabucco pipeline that “offer better conditions”, head of the state energy firm Socar has said. “Anything can happen, there are a lot of projects and we can...
Interest surging in Azerbaijani gas
July 02, 2010by Vladimir Socor Demand for Azerbaijani natural gas is surging, with potential buyers scrambling to Baku. The gas transit agreements, signed by Azerbaijan and Turkey on June 7, have opened prospects for unimpeded transportation of Azeri gas to consumer...
Azerbaijan, Georgia, Romania launch LNG project in the Black Sea
April 16, 2010By Vladimir Socor Azerbaijan, Georgia, and Romania are jointly launching a liquefied natural gas (LNG) project, designated as the Azerbaijan-Georgia-Romania Interconnector (AGRI). The three governments regard their project as an element in the EU-planned...
Data on Azerbaijan's oil revenues incomplete, inconsistent
April 16, 2010In recent years, Azerbaijan's State Oil Company (SOCAR) has reduced the volume of information in successive annual reports about its revenues, according to participants in a roundtable discussion in Baku earlier this week. The proceedings were summarized...
Kremlin renews its focus on the contest for Turkmen gas
January 04, 2010By Vladimir Socor Russia Resuming Gas Imports From Turkmenistan on a Small Scale On December 22 in Ashgabat, Russian President Dmitry Medvedev and his counterpart in Turkmenistan Gurbanguly Berdimuhamedov witnessed the signing of documents on the...