Ambassador: We expect start of wide-scale TAP-related construction work in Italy
“Italy is about to launch large-scale construction work on the Trans Adriatic Pipeline (TAP) project,” said Italian ambassador to Azerbaijan Giampaolo Cutillo. He said that after Greece and Albania, Italy started some preparatory work under TAP project ...
First gas from Absheron field expected in 2019

First gas from Absheron field expected in 2019

30.08.2016 [17:13]
“The first well at the Absheron gas field will be drilled as early as the third quarter of the next year. The first gas is scheduled to be produced here in the third or fourth quarter of 2019,” said first vise-president of SOCAR, academician Khoshbakht Yusifzade as he addressed the first Eurasian conference of the International ...
1st IAEE Eurasian Conference continues in Baku

1st IAEE Eurasian Conference continues in Baku

30.08.2016 [11:34]
The First Eurasian Conference on "Emerging energy economies in the Caspian regions: Changes and Opportunities" continues its work in Baku. Organized by the International Association for Energy Economics (IAEE), the conference will see experts from Azerbaijan, Turkey ...
Oil price on world markets

Oil price on world markets

30.08.2016 [10:56]
Oil prices fell again in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $0.66 to stand at $46.98. Price of the Brent crude oil at the London ICE ...
TAP welcomes signing of Ionian Adriatic Pipeline MoU

TAP welcomes signing of Ionian Adriatic Pipeline MoU

29.08.2016 [21:35]
The Trans Adriatic Pipeline (TAP) AG has welcomed the signing of a Memorandum of Understanding (MoU) on the Ionian Adriatic Pipeline (IAP) by Albania, Bosnia and Herzegovina, Croatia, Montenegro and SOCAR ...
Petronas to carry out exploration and seismic work in Goshadash field

Petronas to carry out exploration and seismic work in Goshadash field

29.08.2016 [21:21]
Malaysian oil and gas company Petronas will carry out exploration and seismic work in the Goshadash field, according to first vice-president of SOCAR Khoshbakht Yusifzade. He added that if this work yielded fruits exploration in the field ...
Georgia and Turkey received 5.5 and 41 b cm of gas respectively as part of Shahdeniz-1 project

Georgia and Turkey received 5.5 and 41 b cm of gas respectively as part of Shahdeniz-1 project

29.08.2016 [18:47]
Georgia and Turkey have so far received 5.5 and 41 billion cubic meters of gas respectively through the Southern Caucasus Pipeline as part of Shahdeniz-1 project, according to SOCAR first vice-president Khoshbakht Yusifzade ...
Oil prices rise on world markets

Oil prices rise on world markets

29.08.2016 [17:21]
Oil prices have risen on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $0.34 to stand at $47.64. Price of the Brent crude oil at the London ICE (InterContinental Exchange Futures) rose $0.25 to trade at $49.92 ...
SOCAR to drill 26 new wells at Bulla-deniz offshore field until 2025

SOCAR to drill 26 new wells at Bulla-deniz offshore field until 2025

29.08.2016 [14:53]
Azerbaijan`s State Oil Company (SOCAR) said it is planning to drill 26 new wells at the Bulla-deniz offshore field in 2016-2025. SOCAR first vice-president Khoshbakht Yusifzade said five new platforms would be also installed at the field during this period ...
1st IAEE Eurasian Conference kicks off in Baku   <span style="color:#ff0000">VIDEO</span>

1st IAEE Eurasian Conference kicks off in Baku VIDEO

29.08.2016 [11:14]
The First Eurasian Conference organized by the International Association for Energy Economics (IAEE) to focus on the energy economics emerging from the Caspian region has kicked off today in the capital city of Azerbaijan ...
Azerbaijan produces 82-88 million cubic meters of natural gas and 115000-120000 tons of oil daily

Azerbaijan produces 82-88 million cubic meters of natural gas and 115000-120000 tons of oil daily

29.08.2016 [10:37]
"Azerbaijan produces 82-88 billion cubic meters of natural gas and 115-120 thousand tons of oil daily," Azerbaijan’s Deputy Energy Minister Natig Abbasov stated at the first Eurasia Conference on “Emerging energy economies in the Caspian regions: ...
SOCAR signs MoU on Ionian-Adriatic pipeline with four European countries

SOCAR signs MoU on Ionian-Adriatic pipeline with four European countries

27.08.2016 [12:19]
The State Oil Company of Azerbaijan Republic (SOCAR) has signed a Memorandum of Understanding on a project for the construction of the future Ionian-Adriatic gas pipeline (IAP) with Croatia, Albania, Bosnia and Herzegovina and Montenegro. According to ...
Oil prices fall on world markets

Oil prices fall on world markets

27.08.2016 [12:00]
Oil prices have again fallen on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $0.75 to stand at $47.30. Price of the Brent crude oil at ...
Baku to host congress of Association of Turkish Consulting Engineers and Architects

Baku to host congress of Association of Turkish Consulting Engineers and Architects

26.08.2016 [13:04]
Baku will host the next congress of the Association of Turkish Consulting Engineers and Architects called “mega-projects in the energy and transport”, on October. According to the press service of SOCAR, it was informed during the meeting of the ...
Azerbaijani oil price rises

Azerbaijani oil price rises

26.08.2016 [11:26]
Oil prices rose again on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $0.56 to stand at $47.33. Price of the Brent crude oil at ...
Azerbaijan to allocate $2.809bn on SGC in 2016

Azerbaijan to allocate $2.809bn on SGC in 2016

25.08.2016 [16:32]
Southern Gas Corridor Co CEO Afgan Isaev said Baku has fully committed to invest in SGC, including SD2, and was continuing to meet its financial obligations on time, according to Natural Gas World (NGW). Southern Gas Corridor Co was founded on February ...
Oil prices fall on world markets

Oil prices fall on world markets

25.08.2016 [16:19]
Oil prices continue falling on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $1.33 to stand at $46.77. Price of the Brent crude oil at ...
TAP starts welding pipes

TAP starts welding pipes

24.08.2016 [20:27]
Trans Adriatic Pipeline (TAP) AG has tweeted that it started welding pipes in Greece and Albania. All welds undergo ultrasonic testing, TAP said. The Trans Adriatic Pipeline will transport Caspian natural gas to Europe ...
‘Moldova interested in participation of Azerbaijani companies in development of hydrocarbon resources’

‘Moldova interested in participation of Azerbaijani companies in development of hydrocarbon resources’

24.08.2016 [16:58]
“Moldova is interested in participation of Azerbaijani companies in the development of hydrocarbon resources,” said Ambassador of the Republic of Moldova to Azerbaijan Gheorghe Leuca as he met with the Caspian Energy’s delegation headed by President and Editor-in-Chief of Caspian Energy International Media ...