Azerbaijan’s state oil company SOCAR and Malaysia’s Petronas signed a memorandum of understanding on exploration, development and production of hydrocarbons at a block in the prospective offshore structure Goshadash, SOCAR said in a message. The Goshadash structure is located in the North-Western part of the Absheron archipelago in the Azerbaijani sector of the Caspian Sea.…
French company Total may start drilling the first well at the Azerbaijani gas field Absheron in mid-2017, Rovnag Abdullayev, head of the Azerbaijani state oil company SOCAR, reported. He added that the drilling operations would be carried out from a new generation platform, being built by SOCAR. Abdullayev said the sides continued to actively work…
Ivana Duarte, new head of Baku office of the European Bank for Reconstruction and Development (EBRD), arrived in Baku to hold talks with Azerbaijani MPs, a source in the country’s government reported. According to the source, Duarte was appointed head of the bank’s Baku office in August. Duarte has been working in the EBRD since…
Iranian companies will be able to use the Pirallahi Industrial Park, which will specialize in pharmacy, Azerbaijan’s Minister of Economy Shahin Mustafayev said. He made the remarks during the meeting with the Iranian Ambassador to Azerbaijan Mohsen Pak Ayeen, said the country’s Economy Ministry. The meeting was held in connection with completion of Pak Ayeen’s…
A delegation of the European Bank for Reconstruction and Development (EBRD), headed by Bruno Balvanera, director for the South Caucasus, Moldova and Belarus, arrived in Baku. Balvanera introduced Ivana Duarte, the new head of the bank’s Baku office, to the Azerbaijani government. The EBRD delegation was received by Shahin Mustafayev, Azerbaijani economy minister, as part…
Chinese companies may become owners of up to 50% in the Oil and Gas Processing and Petrochemical Complex (OGPC) in Azerbaijan, head of the country’s state oil company SOCAR Rovnag Abdullayev said. He said that the work on this issue was underway. “As you know, SOCAR and China National Petroleum Corporation (CNPC) signed a memorandum…
The 13th session of the Kazakh-Azerbaijani intergovernmental commission on economic cooperation will be held in Astana on September 21-22, the Kazakh embassy in Baku said in a message. The Azerbaijani delegation will be headed by Natig Aliyev, energy minister, co-chairman of the intergovernmental commission. “The sides will discuss a wide range of bilateral issues relating…