1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 6
1.2 List of Figures 8
2 Introduction 9
2.1 What is This Report About? 9
2.2 Market Definition 9
3 Azerbaijan Energy Sector 12
3.1 Azerbaijan Energy Sector, Market Overview 12
3.2 Azerbaijan Energy Sector, Oil 13
3.2.1 Azerbaijan Oil, Overview 13
3.2.2 Azerbaijan Oil, Supply and Demand Balance 13
3.2.3 Azerbaijan Crude Oil, Regulatory Structure 19
3.3 Azerbaijan Energy Sector, Gas 20
3.3.1 Azerbaijan Gas, Overview 20
3.3.2 Azerbaijan Gas, Supply and Demand Balance 20
3.3.3 Azerbaijan Natural Gas, Regulatory Structure 26
4 Azerbaijan Oil Storage Industry 27
4.1 Azerbaijan Oil Storage Industry, Key Data 27
4.2 Azerbaijan Oil Storage Industry, Overview 27
4.3 Azerbaijan Oil Storage Industry, Storage Operations 27
4.3.1 Azerbaijan Oil Storage Industry, Total Storage Capacity 27
4.4 Azerbaijan Oil Storage Industry, Storage Capacity by Major Companies 28
4.5 Azerbaijan Oil Storage Industry, Storage Capacity by Terminal 30
4.6 Azerbaijan Oil Storage Industry, Asset Details 31
4.6.1 Azerbaijan Oil Storage Industry, Active Asset Details 31
4.6.2 Azerbaijan Oil Storage Industry, Planned Asset Details 35
5 Azerbaijan Oil and Gas Pipelines Industry 38
5.1 Azerbaijan Oil Pipelines 38
5.1.1 Azerbaijan Oil Pipelines, Key Data 38
5.1.2 Azerbaijan Oil Pipelines, Overview 38
5.2 Azerbaijan Oil and Gas Pipelines Industry, Crude Oil Pipeline Length by Major Companies 38
5.3 Azerbaijan Oil and Gas Pipelines Industry, Crude Oil Pipelines 40
5.4 Azerbaijan Oil and Gas Pipelines Industry, Oil Pipelines Asset Details 41
5.4.1 Azerbaijan Oil and Gas Pipelines Industry, Oil Pipelines Active Asset Details 41
5.5 Azerbaijan Gas Pipelines 46
5.5.1 Azerbaijan Gas Pipelines, Key Data 46
5.5.2 Azerbaijan Gas Pipelines, Overview 46
5.6 Azerbaijan Oil and Gas Pipelines Industry, Natural Gas Pipeline Length by Major Companies 46
5.7 Azerbaijan Oil and Gas Pipelines Industry, Natural Gas Pipelines 48
5.8 Azerbaijan Oil and Gas Pipelines Industry, Gas Pipelines Asset Details 49
5.8.1 Azerbaijan Oil and Gas Pipelines Industry, Gas Pipelines Active Asset Details 49
5.8.2 Azerbaijan Oil and Gas Pipelines Industry, Gas Pipelines Planned Asset Details 58
6 Azerbaijan Underground Gas Storage Industry 60
6.1 Azerbaijan Underground Gas Storage Industry, Key Data 60
6.2 Azerbaijan Underground Gas Storage Industry, Overview 60
6.3 Azerbaijan Underground Gas Storage Industry, Capacity by Company 60
6.4 Azerbaijan Underground Gas Storage Industry, Storage Capacity by Facility 61
6.4.1 Azerbaijan Underground Gas Storage Industry, Storage Capacity by Active Facilities 61
6.5 Azerbaijan Underground Gas Storage Industry, Asset Details 62
6.5.1 Azerbaijan Underground Gas Storage Industry, Active Asset Details 62
7 Azerbaijan Gas Processing Industry 64
7.1 Azerbaijan Gas Processing Industry, Overview 64
7.2 Azerbaijan Gas Processing Industry, Processing Capacity by Company 64
7.3 Azerbaijan Gas Processing Industry, Gas Processing Capacity 64
7.4 Azerbaijan Gas Processing Industry, Asset Details 65
7.4.1 Azerbaijan Gas Processing Industry, Active Asset Details 65
8 Recent Contracts 66
8.1 Detailed Contract Summary 66
8.1.1 Awarded Contracts 66
9 Financial Deals Landscape 78
9.1 Detailed Deal Summary 78
9.1.1 Debt Offerings 78
10 Recent Developments 79
10.1 Other Significant Developments 79
10.1.1 Nov 19, 2016: BP Exports 219 Million Barrels Of Oil From Sangachal Terminal In Azerbaijan 79
10.1.2 Nov 07, 2016: Azerbaijan Records 1.2% Increase In Oil Exports Via BTC Pipeline In January-October 2016: SOCAR 79
10.1.3 Nov 01, 2016: SOCAR Records 11% Decrease In Crude Oil Exports Via Russia In January-October 2016 80
10.1.4 Oct 10, 2016: Azerbaijan Records 2.1% Increase In Oil Exports Via BTC Pipeline In January-September 2016: SOCAR 80
10.1.5 Oct 06, 2016: Azerbaijan, Kazakhstan Intend To Lay 739km Eskene-Kuryk-Baku Oil Pipeline 81
10.2 New Contracts Announcements 81
10.2.1 Jul 28, 2016: Sapurakencana secures contract for TANAP project 81
10.2.2 Jul 20, 2016: Siemens To Supply Compressor Trains For Trans Adriatic Pipeline 82
10.2.3 Jun 23, 2016: Georgian Company Comfortmshen XXI Will Build Tsiteli Khidi-Gardabani 19 KM Section Of The Main Gas Pipeline 83
10.2.4 Jun 21, 2016: TAP Awards Fibre Optic Cable Contract 84
10.2.5 Jun 07, 2016: OptaSense And Optilan To Monitor 1,850km TANAP Pipeline Project 85
11 Appendix 87
11.1 Abbreviations 87
11.2 Methodology 87
11.2.1 Coverage 87
11.2.2 Secondary Research 88
11.3 Disclaimer 88

1.1 List of Tables
Table 1: Oil Industry, Azerbaijan, Historical and Forecast of Oil Production and Consumption (mbd), 2000-2020 14
Table 2: Oil Industry, Azerbaijan, Historical and Forecast of Oil Exports (mbd), 2000-2020 16
Table 3: Oil Industry, Azerbaijan, Historical Crude Oil Reserves (billion bbl), 2000-2015 18
Table 4: Gas Industry, Azerbaijan, Historical and Forecast of Gas Production and Consumption (bcf), 2000-2020 21
Table 5: Gas Industry, Azerbaijan, Historical and Forecast of Gas Exports (bcf), 2000-2020 23
Table 6: Gas Industry, Azerbaijan, Historical Natural Gas Reserves (tcf), 2000-2015 25
Table 7: Oil Storage Industry, Azerbaijan, Key Statistics, Nov 2016 27
Table 8: Oil Storage Industry, Azerbaijan, Total Storage Capacity (mcm), 2011-2021 27
Table 9: Oil Storage Industry, Azerbaijan, Storage Capacity by Major Companies (mcm), 2011-2021 28
Table 10: Oil Storage Industry, Azerbaijan, Storage Capacity (mcm), 2011-2021 30
Table 11: Oil and Gas Pipelines Industry, Azerbaijan, Oil Pipelines Key Statistics, Nov 2016 38
Table 12: Oil and Gas Pipelines Industry, Azerbaijan, Crude Oil Pipeline Length by Major Companies (km), Nov 2016 38
Table 13: Oil and Gas Pipelines Industry, Azerbaijan, Crude Oil Pipelines, Nov 2016 40
Table 14: Oil and Gas Pipelines Industry, Azerbaijan, Gas Pipelines Key Statistics, Nov 2016 46
Table 15: Oil and Gas Pipelines Industry, Azerbaijan, Natural Gas Pipeline Length by Major Companies (km), Nov 2016 46
Table 16: Oil and Gas Pipelines Industry, Azerbaijan, Natural Gas Pipelines, Nov 2016 48
Table 17: Underground Gas Storage Industry, Azerbaijan, Key Statistics, Nov 2016 60
Table 18: Underground Gas Storage Industry, Azerbaijan, Storage Capacity by Company (mmcf), Nov 2016 60
Table 19: Underground Gas Storage Industry, Azerbaijan, Active Gas Storage Capacity (mmcf), Nov 2016 61
Table 20: Gas Processing Industry, Azerbaijan, Gas Processing Capacity by Company (mmcf), Nov 2016 64
Table 21: Gas Processing Industry, Azerbaijan, Active Gas Processing Capacity (mmcf), Nov 2016 64
Table 22: OptaSense Secures Contract Worth More Than US$30 Million From ABB 66
Table 23: Saipem Secures Contract For The Engineering And Construction Work Associated With The Installation Of Multi-Phase Pipelines In The Caspian Sea 67
Table 24: WorleyParsons Secures Five-Year Contract From BP 68
Table 25: SOCAR Cape Secures Two-Year Contract Extension Worth Approximately US$90 Million From BP 70
Table 26: Rina Services’s Secures Thirty-Month Contract From Saipem-Azfen 71
Table 27: GAS Secures Contract From Saipem 72
Table 28: Technip Secures Contract From Trans Adriatic Pipeline (TAP) 73
Table 29: Aegion Secures Contract For A 300 Mile (482.80 Kilometers) Onshore Natural Gas Pipeline Expansion Project In The Caspian Sea Region 75
Table 30: Fluor Limited Secures Contract From The State Oil Company of Azerbaijan Republic (SOCAR) 76
Table 31: Southern Gas Corridor Plans Public Offering Of Bonds For US$2 Billion 78

1.2 List of Figures
Figure 1: Energy Industry, Azerbaijan, Primary Energy Consumption Split by Fuel Type (%), 2015 12
Figure 2: Oil Industry, Azerbaijan, Historical and Forecast of Oil Production and Consumption (mbd), 2000-2020 15
Figure 3: Oil Industry, Azerbaijan, Historical and Forecast of Oil Exports (mbd), 2000-2020 17
Figure 4: Oil Industry, Azerbaijan, Historical Crude Oil Reserves (billion bbl), 2000-2015 19
Figure 5: Gas Industry, Azerbaijan, Historical and Forecast of Gas Production and Consumption (bcf), 2000-2020 22
Figure 6: Gas Industry, Azerbaijan, Historical and Forecast of Gas Exports (bcf), 2000-2020 24
Figure 7: Gas Industry, Azerbaijan, Historical Natural Gas Reserves (tcf), 2000-2015 26
Figure 8: Oil Storage Industry, Azerbaijan, Total Storage Capacity (mcm), 2011-2021 28
Figure 9: Oil Storage Industry, Azerbaijan, Storage Capacity by Major Companies (mcm), 2011-2021 29
Figure 10: Oil and Gas Pipelines Industry, Azerbaijan, Crude Oil Pipeline Length by Major Companies (km), Nov 2016 39
Figure 11: Oil and Gas Pipelines Industry, Azerbaijan, Natural Gas Pipeline Length by Major Companies (km), Nov 2016 47