An online meeting on the results of financial and economic activities of State Oil Company of Azerbaijan for nine months of 2020 was held under the chairmanship of company’s president Rovnag Abdullayev, the company has reported.

Azerbaijan increased gas production and export, while decreasing oil production and export during the period of January-October 2020.

Gas supplies via the Southern Gas Corridor will begin in coming months, Ibrahim Ahmadov, deputy head of the Public Relations and Event Management Department at Azerbaijan’s state oil company SOCAR, told Trend.

Azerbaijan will not abandon plans to supply natural gas into an extended pipeline network to Southern Europe, despite the ongoing military operations over escalated Armenia-Azerbaijan Nagorno-Karabakh conflict, Reuters has reported with reference to SOCAR’s Vice-president Elshad Nassirov.

Azerbaijan increased gas production and export, while decreasing oil production and export during the period of January-September 2020.

Azerbaijan's State Oil Company (SOCAR) has produced over 1.8 million tons of oil and over 1.8 billion cubic meters of gas in the third quarter of 2020, the company has reported.

With the Southern Gas Corridor being completed Azerbaijan becomes an important contributor to the strategy of European energy supply diversification. Now the security and sovereignty of Azerbaijan is interconnected with the European energy security, Ibrahim Ahmadov, deputy head of the Public Relations and Event Management Department at Azerbaijan’s state oil company SOCAR, told Trend.

Azerbaijan's Southern Gas Corridor CJSC has invested approximately $10 billion in the Southern Gas Corridor project that takes Azerbaijan's energy resources to Euroepan markets, Trend reported with reference to Deputy Head of SOCAR’s PR and Event Management Department Ibrahim Ahmadov.

Azerbaijan’s State Oil Company (SOCAR) has said that Armenia’s attack on Azerbaijan’s energy infrastructure on October 6 and the ongoing clashes near the occupied Nagorno-Karabakh has not affected the planned commissioning of the Trans Adriatic Pipeline (TAP) that will take Azerbaijani gas to European markets .

Another tanker with Azerbaijani oil bound to Mozyr Refinery in Belarus has arrived at Ukrainian port "Yuzhny"ç Belarusian media reported with reference to press secretary of Belneftekhim concern Alexander Tishchenko.