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 increased by 11.1 percent the volume of gas transported through its main gas pipelines during the period of January-August 2020, local media reported with reference to the State Statistics Committee.

The volume of production in Azerbaijan’s Azeri-Chirag-Guneshli block of oil fields at the Caspian Sea increased by 12 million tons in the first half of 2020, amounting to 91 million barrels, the block’s major shareholder BP has reported.

Azerbaijan’s State Oil Company and UK’s Petrofac have signed an agreement to provide support services for the transfer of technical operations over the South Caucasus Pipeline that takes gas from Azerbaijan’s Shah Denis field to Turkey.

The total volume of BP’s capital expenditure on Azerbaijan’s oil and gas projects between 1995 and 2019 amounted to $75 billion, BP said in its “Sustainable report of BP in Azerbaijan in 2019” published recently.

Azerbaijan exported 859 million cubic meters of natural gas to Turkey in February 2020, local media reported with reference to the Energy Market Regulatory Authority of Turkey (EMRA) on April 27.

Despite some skepticism of a number of politicians and experts regarding the construction of the Trans-Caspian gas pipeline (TCP) from Turkmenistan to Azerbaijan through the Caspian sea, the chances of the project’s implementation are now impartially much greater than before the signing of the agreement on the legal status of the Caspian sea in August.

Azerbaijan exported 1.71 billion cubic meters of gas to Turkey in the first quarter of 2016 as compared to 1.69 billion cubic meters exported in January-March 2015, said a report of the Turkish Energy Market Regulatory Authority (EPDK).

Azerbaijan’s state energy company SOCAR has reached an agreement with the consortiums of South Caucasus Pipeline and Shah Deniz to increase the gas supply to Georgia in winter, SOCAR reported on January 29.

British BP has released its report on the results of the first half of 2015.