‘More than $ 2.5 billion has been saved so far on TANAP project’
“Trans-Anatolian gas pipeline (TANAP) project's final investment fell to $ 9.2 billion so far through saving $2.5 billion,” Director General of TANAP Saltuk Duzyol said. He said that the global economic downturn and fall in oil and commodity prices provided significant spending ...
TAP awards compressor stations contract to Italian-Greek Joint Venture

TAP awards compressor stations contract to Italian-Greek Joint Venture

04.05.2016 [18:04]
Trans Adriatic Pipeline AG (TAP) has selected a joint venture comprising Renco S.p.A (Italy) and Terna S.A. (Greece) for the Engineering, Procurement and Construction (EPC) of the project’s compressor stations, the company said a statement. In Greece, the award covers the provision of engineering ...
Oil price on world markets

Oil price on world markets

04.05.2016 [11:48]
The price of oil has continued to fall in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $1.17 to stand at ...
Shahdenız partners award Subsea installation contract

Shahdenız partners award Subsea installation contract

03.05.2016 [18:36]
Shahdeniz consortium today announced the award of a $1.5 billion contract for the transport and installation of the deeper water subsea production systems for Shah Deniz Stage 2 to the BOS Shelf LLC, Saipem Contracting Netherlands B.V. and Star Gulf FZCO consortium ...
Oil price on world markets

Oil price on world markets

03.05.2016 [10:59]
The price of oil fall again in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $0.67 to stand at ...
SOCAR launches offshore stationary platform No. 6 at Bulla-deniz field   <span style="color:#ff0000">VIDEO</span>

SOCAR launches offshore stationary platform No. 6 at Bulla-deniz field VIDEO

02.05.2016 [21:30]
Azerbaijan`s state oil firm (SOCAR) has today launched a new offshore stationary platform No. 6 at Bulla-deniz field. SOCAR President Rovnag Abdullayev and other senior managers of the company attended the launch ceremony ...
SOCAR to drill four gas wells in Bulla-deniz platform No. 6   <span style="color:#ff0000">VIDEO</span>

SOCAR to drill four gas wells in Bulla-deniz platform No. 6 VIDEO

02.05.2016 [21:12]
“SOCAR plans to drill four natural gas wells in the next three years in the newly-built platform No. 6 on Bulla-deniz oilfield,” SOCAR president Rovnag Abdullayev said. “The well will produce four mln cubic meters of gas a day.” He said platform No. 6 was built according to international standards and the drilling had ...

BHOS and SOCAR Polymer LLC sign cooperation agreement

02.05.2016 [18:02]
BHOS and SOCAR Polymer LLC came to agreement on mutual cooperation. Chief executive of SOCAR Polymer Farid Jafarov, representatives of SOCAR Polymer, BHOS management, professors, lecturers and students took part at the event. BHOS rector Elmar ...
Oil price on world markets

Oil price on world markets

30.04.2016 [12:09]
The price of oil has changed in different directions in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $0.11 to stand at $45.9 ...
TAP certified as Independent Transmission Operator

TAP certified as Independent Transmission Operator

29.04.2016 [20:56]
The national regulatory authorities of Albania (ERE), Greece (RAE) and Italy (AEEGSI) certified Trans Adriatic Pipeline (TAP) AG on the basis of the independent transmission operator (ITO) model, part of the European Union's Third Energy Package, according to the official website of TAP ...
 Azeri Light sells for $48.09

Azeri Light sells for $48.09

29.04.2016 [11:04]
The price of oil has continued to rise in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $1.04 to stand at $46.01 ...
 Wood Group wins $500m Azerbaijan contract with BP

 Wood Group wins $500m Azerbaijan contract with BP

28.04.2016 [19:06]
Wood Group has signed a $500m contract with BP to service its offshore Azerbaijan project amid growing anger over its repeated cuts to workers’ pay. The five-year contract for Wood's PSN division continues the group's 40 year history of working ...
Baku hosts business forum of SOCAR and Caspian European Club

Baku hosts business forum of SOCAR and Caspian European Club

27.04.2016 [20:13]
Prospects of development of the oil-gas industry and possibilities of cooperation of SOCAR with member companies of the Caspian European Club (Caspian Business Club) have today been discussed at a business forum arranged by the Club and attended by Vice President of the State Oil Company of Azerbaijan ...
 Oil price on world markets

Oil price on world markets

27.04.2016 [12:30]
The price of oil has changed in different directions in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $1.81 to stand at $44.53 ...
Oil price on world markets

Oil price on world markets

26.04.2016 [10:17]
The price of oil fall again in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $0.54 to stand at $42.72. Price of the Brent crude oil at the London ICE (InterContinental Exchange Futures) fell $0.18 to trade at $44.63. ...
Baku hosts SOCAR International Caspian and Central Asia Downstream Conference

Baku hosts SOCAR International Caspian and Central Asia Downstream Conference

25.04.2016 [15:17]
Opening ceremony of the SOCAR International Caspian and Central Asia Downstream Conference - Trading, Logistics, Refining, Petrochemicals, the event dedicated to 93rd anniversary of national leader Heydar Aliyev jointly organized by Baku Higher Oil School and ...
Oil price on world markets

Oil price on world markets

25.04.2016 [11:39]
The price of oil fall again in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $0.45 to stand at ...
Oil price on world markets

Oil price on world markets

23.04.2016 [14:33]
The price of oil has changed on the world markets. On the NYMEX (New York Mercantile Exchange) cost of the US Light decreased $1.31 to stand at $43.71. Price of the Brent crude oil at the ...
Bud Fackrell: Southern Gas Corridor is a strategic project

Bud Fackrell: Southern Gas Corridor is a strategic project

22.04.2016 [17:47]
Southern Gas Corridor is a strategic project. Trans-Anatolian gas pipeline will play an important role in ensuring the energy security of Europe, said Bud Fackrell, the spokesman of the BP Turkey. The Southern Gas Corridor is one of the priority energy projects for EU. It envisages the transportation of gas from ...