Khoshbakht Yusifzade: Azerbaijan can also benefit from Nabucco

Economic Department
Author

Baku. 11 March. REPORT.AZ/ In the future, Azerbaijan can benefit from the pipeline Nabucco in the process of organizing the export of gas to Europe. Report informs it was said by the first vice-president of the State Oil Company of Azerbaijan (SOCAR) Khoshbakht Yusifzade.

I would like to repeat the words of Mr. President, who noted about the possibility of using Nabucco as part of other export pipelines, said the first vice-president.

K.Yusifzadeh added that in the Azerbaijani sector of the Caspian Sea, along with the Shah Deniz, there are other structures with large reserves: In general, there are about 2 trillion 550 billion cubic meters of gas deposits in Azerbaijan.Thus, the volume of deposits of blue fuel - 200 billion cubic meters in the Umid field, and 350 billion cubic meters in the Absheron field. 

Other News

Baku hosts performance leadership forum for SOCAR's top management 23 February, 2026 / 16:28
AzerEnerji, IRIA agree on digitalization cooperation 23 February, 2026 / 16:09
Wind power generation in Azerbaijan surges almost 22-fold 23 February, 2026 / 14:29
Azerbaijan Energy Ministry signs deals for solar power plants in Nakhchivan 23 February, 2026 / 13:44
Gas prices in Europe fall 3.5% 23 February, 2026 / 13:09
Oil prices fall over 1% 23 February, 2026 / 10:02
Kyiv suggests EU use Odessa-Brody oil pipeline instead of Druzhba 21 February, 2026 / 16:19
Azerbaijani oil prices fall slightly 21 February, 2026 / 10:08
Volume of oil transported via BTC surpassed 2M tons in Jan.2026 20 February, 2026 / 18:03
Transportation via Baku-Tbilisi-Erzurum pipeline increased by over 15% 20 February, 2026 / 17:27
Azerbaijan's commercial gas production up nearly 9% 20 February, 2026 / 17:23
MOL's capital spending in Azerbaijan tops $123 million in 2025 20 February, 2026 / 16:26
MOL boosts hydrocarbon production in Azerbaijan by 5.5% in 2025 20 February, 2026 / 16:04
Energy minister: Moldova open to participating in Black Sea Green Energy Corridor - INTERVIEW 20 February, 2026 / 15:33
Azerbaijan exports over 5,400 tons of Premium Euro-95 gasoline in 2025 20 February, 2026 / 15:25
Fitch Solutions: STAR Refinery began diversifying its oil supply sources 20 February, 2026 / 14:36
SOCAR opens South Caucasus' first fully electric charging station in Tbilisi 20 February, 2026 / 13:26
IMF reveals forecasts for Azerbaijan's gas export prices until 2032 20 February, 2026 / 11:12
IMF forecasts Azerbaijan's oil export price at $66.7 per barrel in 2026 20 February, 2026 / 11:03
Azerbaijani oil price approaches $73 20 February, 2026 / 10:03