ICGB reveals why commissioning of Greece-Bulgaria interconnector is delayed

The delay in the commissioning of the Greece - Bulgaria interconnector (IGB), through which Azerbaijani gas from the Shah Deniz field should be delivered to Bulgaria, is technical and associated with a discrepancy in the documentation, Report informs, citing the ICGB gas pipeline operator.

Moody's has upgraded ratings of SOCAR

Moody's Investors Service (Moody's) has today upgraded the ratings of State Oil Company of the Azerbaijan Republic (SOCAR) to Ba1 from Ba2, including its corporate family rating (CFR) and senior unsecured rating.

Turkish vessel to provide energy to Russian LNG plant

Russian company Novatek will order a floating power plant with capacity of about 300-400 MW, powered by gas piston engines, from Turkey’s Karpowership.

Oil gets cheaper, and Brent is at $96.03 a barrel

Prices for oil of standard grades are declining in Wednesday’s trading.

596.9 million tons of oil produced on ACG and Shah Deniz

Azerbaijan exported 15.6 million tons of oil (together with condensate) for Jan-Jul 2022. Of them, about 14.7 million tons accounted for the consortium and 900,000 for SOCAR.

Oil production by SOCAR for 2022 published

Cost of oil declines, and Brent is at $96.42 a barrel

Prices for oil of benchmark grades are falling in Tuesday’s trading after rising at the end of the previous session

Data on gas supplied via TANAP to Turkey made public

About 3.2 bn cu m of gas were delivered to Turkey through TANAP for Jan-Jul 2022

Azerbaijan’s gas sales abroad grew by 24%

Gas sales from Azerbaijan abroad amounted to 12.9 bn cu m for the past 7 months (24% more versus Jan-Jul 2021)

Azerbaijan produced 27.3 bn cu m of gas for Jan-Jul

According to operational data, 27.3 bn cu m of natural gas were extracted in Azerbaijan for ther past 7 months.