12 articles
Azerbaijan signed 23 investment deals totaling $10.8 billion. Key highlights include major oil and gas projects with SOCAR, TotalEnergies, and ExxonMobil aimed at boosting natural gas production by 5
Major oil firms including Q8, Eni, and SOCAR have introduced fuel price caps in Italy to appease the government and avoid potential windfall taxes, though market data shows limited immediate impact on
Azerbaijan's Socar will cut fuel prices at Italian stations to preempt windfall taxes, mirroring Eni SpA's price caps. This voluntary move eases political pressure on the Italian government ahead of e
ExxonMobil and Azerbaijan’s Socar formed a joint venture to develop shale oil and gas resources in the Middle Kura Basin using US fracking technology. The project aims to leverage American expertise p
TotalEnergies, Socar, and XRG approved a second phase for the Absheron gas-condensate field in Azerbaijan, targeting 6 billion cubic meters of annual production by 2029 for domestic use and exports to
Azerbaijan's SOCAR finalized the €3 billion takeover of ItalianaPetroli, gaining control of its refineries and retail network to enhance vertical integration within the European energy market.
BP plans to hand over operations of the Baku-Tbilisi-Ceyhan oil pipeline to Azerbaijan's SOCAR on July 1 due to contractual obligations, while retaining its 30.1% stake in the 1 million barrel-per-day
SOCAR completed its €3 billion acquisition of Italian refiner Italiana Petroli, installing new leadership including CEO Levan Davitashvili to ensure operational continuity and integration into the SOC
BP has commenced commercial non-associated gas production at Azerbaijan's ACG field, targeting up to 6 trillion cubic feet in recoverable reserves. The project marks a strategic pivot for BP and invol
SOCAR, TotalEnergies, ADNOC, and BOTAS signed a natural gas sales agreement for Azerbaijan's Absheron field, targeting over 4 bcm annual production by 2029. A final investment decision is expected thi
BP will become the operator of the Babek offshore natural gas field in Azerbaijan following an agreement with SOCAR, scheduled for announcement on June 1. The project holds estimated reserves of 400 b
BP acquired a 40% stake in six oil and gas exploration blocks in Uzbekistan's Ustyurt region from SOCAR and Uzbekneftegaz. This acquisition marks a strategic pivot back to traditional energy following
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