Turkish Stream project comes to halt, Turkish media
Ankara has reportedly suspended the Turkish Stream project because of a lack of progress in negotiations, according to the Turkish media. Russia has recently submitted a draft project of the first line of the Turkish Stream to the Turkish government. ...
Oil price on world markets

Oil price on world markets

31.07.2015 [11:26]
The price of oil 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 $0.58 to stand at ...
Russian Energy Minister: Turkish stream construction could be delayed

Russian Energy Minister: Turkish stream construction could be delayed

30.07.2015 [17:04]
Russian Energy Minister Alexander Novak said there was a risk construction of an underwater pipeline to Turkey could be delayed if a related intergovernmental agreement was not signed soon, according to Interfax news agency ...
Greek government to resume talks with SOCAR on the sale of control packet of shares of DESFA

Greek government to resume talks with SOCAR on the sale of control packet of shares of DESFA

30.07.2015 [11:21]
Next week, the Greek government will resume talks with Azerbaijan's state oil company SOCAR on the sale of a controlling interest in Greece's gas transmission system operator DESFA, the productive reconstruction, environment and energy minister of Greece, Panos ...
Azerbaijan to produce "Euro-5" gasoline in 2018

Azerbaijan to produce "Euro-5" gasoline in 2018

30.07.2015 [09:40]
State OIl Company of Azerbaijan (SOCAR) will carry out the production of Ai-92 and Ai-95 gasoline in accordance with environmental standards of "Euro-5" from 2018., the Baku Oil Refinery general engineer Nail Amirov said. "According to the established program, Ai- 92 and Ai-95 gasoline will be processed in standards of "Euro-5", he stressed ...
Oil price on world markets

Oil price on world markets

29.07.2015 [09:59]
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 $0.15 to stand at $47.83. Price of British Brent crude oil at the London ICE (InterContinental Exchange Futures) fell $0.19 to trade at $53.11 ...
SOCAR President meets Georgian Premier

SOCAR President meets Georgian Premier

27.07.2015 [19:36]
President of State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev has met Georgian Prime Minister Irakli Garibashvili as part of his visit to the country. They discussed economic relations, investment, joint projects and energy affairs. ...
Kenan Yavuz: A part of Petkim PetroKimya Holding shares will be sold out

Kenan Yavuz: A part of Petkim PetroKimya Holding shares will be sold out

24.07.2015 [20:18]
"A part of Petkim PetroKimya Holding shares will be sold out," said SOCAR Turkey chairman Kenan Yavuz. He said SOCAR was considering selling some of its shares of Turkey's Petkim, but it does not plan to allow its stake in Petkim to fall below the 51 percent level ...
Baku to host 3rd annual Azerbaijan and Caspian Sea Oil and Gas Week

Baku to host 3rd annual Azerbaijan and Caspian Sea Oil and Gas Week

23.07.2015 [20:34]
Baku on September 28-30 will host the 3rd annual Azerbaijan and Caspian Sea Oil and Gas Week at the luxurious Four Seasons Hotel in Baku. The event will be organized by Oliver Kinross, an internationally renowned business research organization ...
"Southern gas corridor is the project connecting the countries, bringing benefit to producers, transit parties and consumers", President of Azerbaijan

"Southern gas corridor is the project connecting the countries, bringing benefit to producers, transit parties and consumers", President of Azerbaijan

23.07.2015 [14:17]
"We are good partners with Europe, and the project of the Southern gas corridor the implementation of which was given start in September of the last year in Baku is actively realized now. Azerbaijan became the initiator of this project and actively works with ...
Price for Petkim's shares increased several times, SOCAR president

Price for Petkim's shares increased several times, SOCAR president

23.07.2015 [12:47]
"Petkim's share price has grown several times on the market," said President of SOCAR Rovnag Abdullayev. Mr. Abdullayev said SOCAR bought 10 per cent of Petkim's shares from the state and part of the shares from the market. ...
SOCAR President: In next two years oil prices will range between $65-75

SOCAR President: In next two years oil prices will range between $65-75

23.07.2015 [12:29]
"In the next two years oil prices will range between $65-75," said SOCAR President Rovnag Abdullayev. According to him, oil prices depend on political rather than economic factors ...
Taner Yildiz: BTC, Baku-Tbilisi-Erzurum and TANAP attract international attention due to their regional and global effects

Taner Yildiz: BTC, Baku-Tbilisi-Erzurum and TANAP attract international attention due to their regional and global effects

23.07.2015 [11:07]
The projects like the Baku-Tbilisi-Ceyhan, (BTC), Baku-Tbilisi-Erzurum and Trans Anatolian (TANAP) gas main projects attract international attention not only due to the relations between Azerbaijan and Turkey, but also for their regional and global effects ...
Second international conference and exhibition on geological exploration to be held in Russia

Second international conference and exhibition on geological exploration to be held in Russia

22.07.2015 [21:19]
The second international conference and exhibition "Geological Exploration 2015" will be held in Moscow on November 11th, 2015. It is organized with the support of «Rosgeo» and Ministry of Natural Resources and Environment of the Russian Federation. ...
Some 20.9 million tons of oil and 10.2 bn cm of gas produced in Azerbaijan in first half of 2015

Some 20.9 million tons of oil and 10.2 bn cm of gas produced in Azerbaijan in first half of 2015

22.07.2015 [16:06]
According to the State Statistical Committee of Azerbaijan, some 20.9 million tons of oil and 10.2 bn cm of gas have been produced in the country in the first six months of the year ...


Trans Adriatic Pipeline (TAP) AG Selects Technip for a Contract for Project Management Services

Trans Adriatic Pipeline (TAP) AG Selects Technip for a Contract for Project Management Services

21.07.2015 [21:01]
France-based Technip has been awarded by the Trans Adriatic Pipeline (TAP) AG a Project Management Consultancy (PMC) Services contract. The PMC contract awarded to Technip will cover the onshore portion of the pipeline from Greece to Albania and in Italy. The ...
Oil price on world markets

Oil price on world markets

18.07.2015 [16:12]
The price of oil has changed in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the Light crude oil decreased $0.02 to trade at $50.89, as well price of British Brent crude oil at the London ...
Oil price on world markets

Oil price on world markets

16.07.2015 [11:28]
The price of oil 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 decreased $1.35 to stand at $51.69. Price of British Brent crude oil at the London ...
Oil price on world markets

Oil price on world markets

15.07.2015 [11:18]
The price of oil 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 $1.41 to stand at $53.04 ...