Alexander Novak: Decision of OPEC will allow to lower volatility of oil prices
“The decision which was made yesterday, allowing to speak about advance on flexibility of the countries and about those objectives which are designated in the joint statement of the OPEC countries, will allow to lower, in my opinion, volatility of the prices which ...
Azerbaijan, Uruguay discuss economic cooperation

Azerbaijan, Uruguay discuss economic cooperation

30.09.2016 [12:03]
Executive Director of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) Shahmar Movsumov has met with a delegation led by President of the Chamber of Representatives of the General Assembly of Uruguay Gerardo Amarilla to discuss economic relations ...
OPEC agrees modest oil output curbs in first deal since 2008

OPEC agrees modest oil output curbs in first deal since 2008

29.09.2016 [16:56]
OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices, according to Reuters ...
Azeri Light oil price increases on world markets

Azeri Light oil price increases on world markets

29.09.2016 [12:12]
The price of a barrel of Azeri Light crude oil increased $0.43 to stand at $46.89 on the world markets. ...
SOCAR to control gasification of all territories of Georgia

SOCAR to control gasification of all territories of Georgia

29.09.2016 [11:01]
“SOCAR will control the gasification of all territories of Georgia. Azerbaijan invested $1000.000 in the economy of Georgia. These invests will serve for further strengthening strategic partnership between the two friendly and brotherly countries," SOCAR ...
 OPEC calls informal meeting of member countries in Algeria

OPEC calls informal meeting of member countries in Algeria

29.09.2016 [10:46]
Informal meeting of OPEC member countries convened in Algeria. The event is to discuss feasible measures on stabilization of the world oil market. The meeting is expected to continue negotiations on the coordinated actions in the oil market, including possible freezing of ...
Azeri Light oil price decreases on world markets

Azeri Light oil price decreases on world markets

28.09.2016 [16:35]
The price of a barrel of Azeri Light crude oil fell $1.62 to trade at $46.46 on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $0.10 to stand at $46.03. Price of the Brent crude oil at the London ICE ...
Oil price on world markets

Oil price on world markets

27.09.2016 [11:34]
The price of oil changed in the world markets. On the New York Stock Exchange NYMEX (" New York Mercantile Exchange") cost of the US light crude oil increased $ 1,45 to ...
Turkey increases gas import from Azerbaijan

Turkey increases gas import from Azerbaijan

26.09.2016 [17:02]
Turkey imported 541,036,000 cubic meters of natural gas from Azerbaijan this July, said the Turkish Energy Market Regulatory Authority. This figure was 519,014,000 in June, the company said. ...
Approximately 44% of pipes needed to build Albanian section of TAP delivered

Approximately 44% of pipes needed to build Albanian section of TAP delivered

26.09.2016 [16:33]
“Up to now, approximately 44% of the 13,000 line pipes needed to build the 215km Albanian section of TAP have been delivered,” said Lisa Givert, Head of Communications at Trans Adriatic Pipeline (TAP) ...
OPEC plans fresh oil price talks says energy minister

OPEC plans fresh oil price talks says energy minister

26.09.2016 [13:35]
Oil producers in the Opec group of countries will make another attempt this week to reverse a slump in crude prices, according to Algeria's energy minister, according to BBC. Noureddine Bouterfa said there would be an informal gathering of Opec members on the sidelines of an ...
Azeri Light crude sells for $48.21

Azeri Light crude sells for $48.21

24.09.2016 [16:16]
The price of a barrel of Azeri Light crude oil decreased $0.29 to stand at $48.21 on the world markets. ...
First welded pipes lowered in for TAP

First welded pipes lowered in for TAP

24.09.2016 [13:54]
“In Greece, the pipeline Right of Way (RoW) clearance and grading began close to the Greek-Turkish border as well as near Kavala,” said Lisa Givert, Head of Communications at Trans Adriatic Pipeline (TAP). “As of today, over 17.3 km of line pipes have been strung along our route and approximately 8.4 km welded. On 19 ...
Head of Communications at TAP: Approximately 12 km of line pipes strung along the route and approximately 7 km welded in Albania

Head of Communications at TAP: Approximately 12 km of line pipes strung along the route and approximately 7 km welded in Albania

23.09.2016 [20:06]
“In Albania, we started clearance and grading of the pipeline Right of Way (RoW) in the Fier area at the beginning of August, moving east. As of today, approximately 12 km of line pipes have been strung along our route and approximately 7 km welded,” ...
Azeri Light oil price increases on world markets

Azeri Light oil price increases on world markets

23.09.2016 [10:42]
The price of oil changed in the world markets. On the New York Stock Exchange NYMEX (" New York Mercantile Exchange") cost of the US light crude oil decreased $ 0.50 to stand at $ 44,84. Price of the brand crude oil at the London ICE ...
Shah Deniz 2 project 93 percent complete

Shah Deniz 2 project 93 percent complete

23.09.2016 [10:17]
Construction of the topside-modules for the platform Shah Deniz 2, which is being carried out at the “ATA” (Amec-Tekfen-Azfen) Consortium’s production site, has been completed by 93 percent, BP Vice-President for Shah Deniz 2 Projects Ewan Drummond said Sept. 22 in Baku during the presentation on the project’s implementation course ...
Azeri Light crude sells for $47.57

Azeri Light crude sells for $47.57

22.09.2016 [16:31]
Oil prices have risen on the world markets, with a barrel of Azeri Light crude trading for $47.57. On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $1.90 to stand at $45.34. Price of the Brent ...
Azeri Light oil price decreases on world markets

Azeri Light oil price decreases on world markets

21.09.2016 [11:58]
The price of a barrel of Azeri Light crude oil fell $0.95 to trade at $46.78 on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $0.40 to stand at $43.44. Price of the Brent crude oil at ...
SOFAZ hosts CROSAPF Annual Summit 2016

SOFAZ hosts CROSAPF Annual Summit 2016

21.09.2016 [11:46]
The State Oil Fund of the Republic of Azerbaijan (SOFAZ) hosts the third Annual Summit of the Co-Investment Roundtable of Sovereign and Pension Funds (CROSAPF) at the Four Seasons Hotel in Baku on September 20-21. ...