Houston University ready to cooperate with SOCAR and BHOS
Delegation led by Dr. Renu Khator, rector and president of University of Houston, visited Azerbaijan State Oil Company (SOCAR), on January 14. According to press service of the company, the president of SOCAR Rovnag Abdullayev spoke of the significant contributions of ...

Azerbaijan’s oil production falls last year, gas output grows

16.01.2015 [20:32]
Azerbaijan produced less crude oil and more natural gas last year, the State Statistical Committee said. The country pumped 41.9 million tons of oil in 2014, down 2.8 percent from a year earlier, the committee said in a statement on its website. ...

President Ilham Aliyev: Next month Baku will host first meeting of advisory council for Southern Gas Corridor

16.01.2015 [19:24]
“The implementation of the Southern Gas Corridor will further deepen our cooperation in the energy sector. We are already starting multilateral cooperation. Turkey, Azerbaijan, Georgia and other members of the Southern Gas Corridor should work together here. Next month Baku will host the first meeting of the advisory council for the Southern Gas Corridor. ...
Oil price rises in world markets

Oil price rises in world markets

15.01.2015 [12:30]
The price of oil has increased in the world markets. On the New York Stock Exchange NYMEX cost of the US Light crude oil raised $2.59 to trade at $ 48.48 ...
PETKİM awarded information security certification

PETKİM awarded information security certification

14.01.2015 [15:25]
"Petkim" petrochemical holding, the greatest asset of Azerbaijan State Oil Company (SOCAR) in Turkey was awarded Information Security Certification to ISO 27001. According to press service of the company, ISO 27001 is a system which defines to act ...
Oil price on world markets

Oil price on world markets

13.01.2015 [13:05]
Oil prices continue to drop in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil has decreased $2.29 to trade at ...
ANSA: Suspension of “South Stream” gas pipeline construction increased strategic importance of TAP

ANSA: Suspension of “South Stream” gas pipeline construction increased strategic importance of TAP

12.01.2015 [19:09]
Italy’s news agency ANSA has published an article on TAP project. Mainly highlighting the views of the Advisor to the President of the State Oil Company of Azerbaijan Republic (SOCAR) Murad Heydarov, the article provides detailed information about the project which will deliver Azerbaijani gas to Europe ...
Oil price on world markets

Oil price on world markets

12.01.2015 [12:57]
Oil prices continue to drop in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil has decreased $0.43 to trade at $48.36, as well price of British Brent crude oil at the London ICE (InterContinental Exchange Futures) has fallen $0.85 to ...
SOCAR lending official support to Caspian Energy Forum – 2015

SOCAR lending official support to Caspian Energy Forum – 2015

09.01.2015 [19:24]
The State Oil Company of Azerbaijan (SOCAR) has officially supported the 3rd International Caspian Energy Forum – 2015 (www.caspianenergyforum.com) which will take place in Baku on March 11, 2015. ...
Azeri Light oil price rises in world markets

Azeri Light oil price rises in world markets

09.01.2015 [12:52]
Oil prices have changed different directions in the world markets. The Department of Marketing and Economic Operations of the State Oil Company of Azerbaijan (SOCAR) informed that, the price of a ...
SOCAR transferred over $1.8 billion to state budget of Azerbaijan in 2014

SOCAR transferred over $1.8 billion to state budget of Azerbaijan in 2014

09.01.2015 [09:59]
SOCAR transferred AZN 148,309,000 to the state budget in December, 2014. SOCAR’s payments to the state budget have grown 61,284,000 AZN or 170.4% against the same period of 2013. During January-December 2014, SOCAR transferred 1,855,230,000 AZN to the state budget ...
Oil price on world markets

Oil price on world markets

08.01.2015 [12:20]
Oil prices have changed in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil has increased $0.62 to trade at $49.08, as well price of British Brent crude oil at the London ICE (InterContinental Exchange Futures) has rised $0.05 to stand at $51.15. ...
TAP hires Ian Bradshaw as new Managing Director

TAP hires Ian Bradshaw as new Managing Director

07.01.2015 [18:38]
Trans Adriatic Pipeline AG (TAP) confirms the appointment of Ian Bradshaw as its new Managing Director starting on 1st February 2015 in Baar. Kjetil Tungland will return to Norway after having headed the joint venture project for over four and half years and having completed his Statoil secondment with TAP ...
BTC pipeline carried 28.5 million tons of Azerbaijani oil in December

BTC pipeline carried 28.5 million tons of Azerbaijani oil in December

07.01.2015 [16:27]
Some 2.462.950 tons of Azerbaijani oil has been carried out via Baku-Tbilisi-Ceyhan (BTC) pipeline in December 2014, SOCAR reported. During January-December, Azerbaijani oil transportation via BTC has made up 28.508.192 tons,” it was reported ...
"SOCAR Turkey" buys new office building in Istanbul

"SOCAR Turkey" buys new office building in Istanbul

07.01.2015 [14:01]
Turkey's largest foreign investors, "SOCAR Turkey" has signed a contract on the purchase of a block of 19 thousand square meters area in the new residential and business center "Vadistanbul" of Istanbul in order to gather fastest-growing companies in a single center ...
Oil price on world markets

Oil price on world markets

06.01.2015 [12:16]
Oil prices continue to drop in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil has decreased $2.59 to trade at ...
BTC FOB Ceyhan crude oil sold for $ 68.43 per barrel in December 2014

BTC FOB Ceyhan crude oil sold for $ 68.43 per barrel in December 2014

06.01.2015 [10:52]
In the world markets the average price of a barrel of "Brent" crude oil was $ 62.53 in December last year. According to the press service of the State Oil Company of Azerbaijan Republic (SOCAR), the price of URALS was $61.53 per barrel, as well ...
Oil price on world markets

Oil price on world markets

05.01.2015 [11:41]
Oil prices fall in world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil has decreased $0.59 to trade at $53.11, as well price of British Brent crude oil at the London ICE (InterContinental Exchange Futures) is ...

Azerbaijani President: Southern Gas Corridor is the largest infrastructure project in Europe

02.01.2015 [10:34]
“On 20 September of this year, we celebrated the 20th anniversary of the "Contract of the Century". It is quite symbolic that on 20 September 2014 we laid the foundation for the Southern Gas Corridor. ...