Romanian government affirms support for third meeting of Advisory Council of Southern Gas Corridor
“The Romanian government fully supports the Southern Gas Corridor (SGC) project and the upcoming meeting of its Advisory Council in Baku on February 23,” Romanian Energy Minister Toma-Florin Petcu wrote in a letter to his Azerbaijani counterpart Natig Aliyev. ...
Oil prices rise on world markets

Oil prices rise on world markets

20.02.2017 [10:54]
Oil prices continue to rise on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $0.15 to stand at $53.55. Price of the Brent ...
3.5 million tons of oil transported via main pipelines in Azerbaijan in January

3.5 million tons of oil transported via main pipelines in Azerbaijan in January

18.02.2017 [17:42]
3 million 543 thousand tons of oil was transported via main pipelines in Azerbaijan, in January 2017. 80.1 per cent of transportation was carried out by the Baku-Tbilisi-Ceyhan main export oil pipeline (BTC) and 2 million 838.8 thousand tons of oil ...
Azeri Light crude sells for $56.71

Azeri Light crude sells for $56.71

18.02.2017 [13:33]
The price of a barrel of Azeri Light crude oil decreased $0.03 to stand at $56.71 ...
Oil prices rise on world markets

Oil prices rise on world markets

18.02.2017 [11:56]
Oil prices have risen on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $0.04 to stand at $53.40. Price of the Brent crude oil at the London ICE (Intercontinental Exchange Futures) rose ...
EBRD may allocate loan to TAP

EBRD may allocate loan to TAP

17.02.2017 [20:36]
The European Bank for Reconstruction and Development (EBRD) is still considering a loan for co-financing the planned Trans-Adriatic Pipeline (TAP), but the process has not yet been finalised, Ksenia Manyushis a principal banker at the EBRD told. TAP is a part of Southern Gas Corridor which envisages ...
Second graduation of BP and co-venturers-sponsored technicians training

Second graduation of BP and co-venturers-sponsored technicians training

17.02.2017 [18:46]
BP and its co-venturers in the joint ventures that it operates today celebrated the second graduation of BP and co-venturers-sponsored technicians training. 47 graduates today received their certificates in a BP-hosted event in Baku. ...
Azeri Light crude sells for $56.74

Azeri Light crude sells for $56.74

17.02.2017 [10:47]
The price of oil changed in the world markets. On NYMEX (New York Mercantile Exchange) cost of the US light crude oil increased $0.07 to stand at $53.43 ...
New well commissioned at Oil Rocks field

New well commissioned at Oil Rocks field

16.02.2017 [12:27]
Drilling of a new well was completed at Oil Rocks field. The well #2685, drilled from the platform #1954A at the order of Oil Rocks Oil and Gas Production Unit, has a capacity of 12 tons of oil in an interval of 1145-2240 meters and 1600 cubic meters of gas per ...
Oil prices decrease on world markets

Oil prices decrease on world markets

16.02.2017 [10:48]
Oil prices have fallen on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US light crude oil decreased $0.06 to stand at $53.05. Price of the Brent crude oil at the London ICE (Intercontinental Exchange Futures) fell $0.01 to trade at $55.74 ...
Azeri Light crude sells for $57.42

Azeri Light crude sells for $57.42

15.02.2017 [11:28]
The price of a barrel of Azeri Light crude oil increased $0.76 to stand at $57.42 on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $0.35 to trade at $52.85. Price of the Brent crude oil at the London ICE ...
SOFAZ budget revenues reach AZN 9 410.2 million in 2016

SOFAZ budget revenues reach AZN 9 410.2 million in 2016

14.02.2017 [13:28]
Budget revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for the period of January-December, 2016 reached 9 410.2 million manats, while budget expenditures constituted 9 022.1 million manats ...
Azeri Light crude sells for $56.66

Azeri Light crude sells for $56.66

14.02.2017 [10:59]
The price of a barrel of Azeri Light crude oil decreased $1.33 to stand at $56.66. On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $0.05 to trade at $52.98. Price of the Brent ...
SOFAZ commits into E-Shang Redwood’s “Redwood Japan Logistics Fund II”

SOFAZ commits into E-Shang Redwood’s “Redwood Japan Logistics Fund II”

13.02.2017 [20:23]
SOFAZ committed $100 mln into E-Shang Redwood’s “Redwood Japan Logistics Fund II” (RJLF II) fund. The fund’s total size is $1 bln and is managed by “E-Shang Redwood” Group, a leading Asia Pacific logistics real estate developer and operator. This ...
Oil prices decrease on world markets

Oil prices decrease on world markets

13.02.2017 [11:03]
Oil prices have fallen on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US light crude oil decreased $0.07 to stand at $53.79. Price of the Brent ...
Azeri Light crude sells for $58

Azeri Light crude sells for $58

11.02.2017 [14:04]
The price of a barrel of Azeri Light crude oil increased $1.31 to stand at $57.99. ...
Oil prices rise on world markets

Oil prices rise on world markets

11.02.2017 [10:54]
Oil prices continue to rise on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $0.86 to stand at $53.86. Price of the Brent ...
International Energy Agency: The first cut is the deepest

International Energy Agency: The first cut is the deepest

10.02.2017 [18:38]
Observers of the oil market this month are focussing on the level of compliance with the production cuts agreed by members of OPEC and eleven non-OPEC countries, closely followed by interest in the expected recovery in US light, tight, oil production ...
OPEC oil production fell by 1mln barrels per day in January

OPEC oil production fell by 1mln barrels per day in January

10.02.2017 [16:19]
OPEC decided to cut oil production by 1.2 million barrels per day, capping the output at a daily 32.5 million barrels, according to Sputnik News. The deal went into effect in January 2017. Saudi Arabia and some other producers cut supply by more than ...