SOCAR
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...
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...
Nabucco Intergovernmental Agreement Signed in Ankara
July 14, 2009By Saban Kardas On July 13 the Nabucco transit countries removed an important obstacle for the strategic pipeline project. Attending a high profile meeting hosted by Turkey, the prime ministers of Austria, Bulgaria, Hungary, Romania and Turkey inked...