Europe / Caspian / CIS
Country summary: Azerbaijan
energy-pedia opportunities - Azerbaijan:
| Current deals: | 0 |
| Licensing articles: | 16 |
| Completed deals: | 14 |
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Energy-Pedia opportunities is a unique, online, real-time market intelligence service, un-matched in the industry. It provides comprehensive details of upstream oil and gas opportunities worldwide, plus full details of all current and upcoming licence rounds. Helping established oil companies maintain and develop their upstream portfolios and enabling start-up companies to build successful businesses.
Azerbaijan - recent news
| 21 Mar 25 |
Azerbaijan/Türkiye: Apollo to partner with bp on TANAP gas pipeline Apollo Funds invest ~$1 billion for non-controlling shareholding in BP Pipelines (TANAP), which holds bp’s 12% interest in the Trans-Anatolian natural gas pipeline (TANAP), part of the Southern Gas Corridor (SGC) pipeline system. |
| 18 Nov 24 |
Azerbaijan: Innovative Baker Hughes emissions abatement solution chosen to reduce routine flaring at SOCAR’s Baku Oil Refinery Baker Hughes and SOCAR have announced the signing of a contract for an integrated gas recovery and hydrogen sulfide (H2S) removal system that will significantly reduce downstream flaring at SOCAR’s Heydar Aliyev Oil Refinery in Baku, Azerbaijan. The contract was signed at COP29 in Baku. |
| 14 Nov 24 |
Azerbaijan: Masdar, SOCAR Green and ACWA Power sign MoU to explore the development of 3.5GW of offshore wind projects in Azerbaijan Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, has signed a Memorandum of Understanding with SOCAR Green, a wholly-owned subsidiary of SOCAR dedicated to sustainable projects, and Saudi-listed ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, to develop 3.5 gigawatts (GW) of offshore wind projects in the Azerbaijan section of the Caspian Sea. |
| 24 Sep 24 |
Azerbaijan: MOL Group and its JV partners sign commercial agreements for the development of gas reserves at the ACG field MOL Group and its Joint Venture partners signed commercial agreements for the development of gas reserves in Azerbaijan. After SOCAR and BP, MOL is the third largest shareholder in the giant ACG field, where non-associated gas reservoirs were identified beneath and above the producing oil reservoirs. |
| 16 Sep 24 |
Apollo partners with bp in Trans Adriatic Pipeline Apollo Funds to become a non-controlling shareholder in bp Pipelines TAP Limited, an entity which holds a 20% stake in Trans Adriatic Pipeline AG. Provides Apollo exposure to a world-class energy asset; allows bp to unlock near-term value and capital for efficient reallocation. |
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