Some take advantage of war, some just want peace

Some take advantage of war, some just want peace There was said a lot about the fact that the Nagorno-Karabakh conflict is going on. Because of this conflict, the development of the entire region has been hindered, and apparently, this conflict is profitable for someone. However, the economic side of the issue has been discussed but a little since the conflict. The question of what Armenia, Azerbaijan, and the entire South Caucasus have lost due to... Read More

Azerbaijan produces over 15 bn cubic meters of gas

Azerbaijan produces over 15 bn cubic meters of gas In January-November, Azerbaijan produced 15.7 bn cubic meters of marketable gas, according to the State Statistical Committee.  In 2011, Azerbaijan produced 25.7 bn cubic meters of gas. According to government forecasts, in 2012, the country is expected to produce 28.28 bn cubic meters of natural gas.  Read More

1 trillion cm of gas extracted in Shah Deniz

1 trillion cm of gas extracted in Shah Deniz In 1997-2011, 1.9 bn barrels of oil were extracted from Azeri-Chirag-Guneshli fields, said the BP-Azerbaijan’s report on Sustainable Development. Along with summary of business activity of BP in Azerbaijan during 2011, performances in economic and social spheres were reflected in the report, APA reports. Report says that, 1 trillion cm of gas has been extracted from Shah Deniz so far.  Read More

BP: Revised Nabucco project is big step forward

BP: Revised Nabucco project is big step forward The change of Nabucco gas pipeline project’s conception was a big step forward, BP’s Vice President for Shah Deniz Full Field Development Alasdair Cook said in an interview with the Financial Times. “We believe Nabucco West is a much improved offer. We’re really pleased,” Cook said. Nabucco Gas Pipeline International proposed a new conception of the project (Nabucco-West)... Read More

Is new gas field?

Is new gas field? Azerbaijan’s state energy company Socar will start drilling a new well at the major Umid gas condensate field in the Azerbaijani sector of the Caspian Sea by mid-2012, a source at the company told local news agency Trend on Monday. The process of drilling the third well will start in May or June 2012, the source said. “Work on drilling the second well has already completed, and after completion of development, drilling of the... Read More

EU wants ambitious and long-term solution to Southern Gas Corridor

EU wants ambitious and long-term solution to Southern Gas Corridor The European Union wants an ambitious and long-term solution to the Southern Gas Corridor and wants to see unified transportation framework for the shipping the Shah Deniz-2 gas, off other prospective Azerbaijani gas and eventually also Turkmen gas in the future, head of the EU delegation to Azerbaijan, Ambassador Roland Kobia said at a press conference in Baku on March, 06, 2012. Kobia... Read More

Does Turkish support for Nabucco end?

Does Turkish support for Nabucco end? Turkey was no longer fully supporting the European Union-backed Nabucco pipeline project to carry Caspian gas to Europe, and is instead prioritizing its own rival TANAP project, an Energy Ministry spokesman told DPA. The spokesman confirmed that Turkey remains part of the six-country consortium backing Nabucco, but that it was now prioritizing the development of the Trans Anatolian Pipeline Project (TANAP), which... Read More