BP and SOCAR sign MoU on North Absheron basin
BP and the State Oil Company of Azerbaijan (SOCAR) have today signed a memorandum of understanding (MOU) to jointly explore potential prospects in block D230 in the North Absheron Basin in the Azerbaijan sector of the Caspian Sea. The document was signed by Rovnag Abdullayev, ...
Oil price on world markets

Oil price on world markets

21.05.2016 [11:31]
The price of oil fell in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $0.41 to stand at $8.22 ...
Oil price on world markets

Oil price on world markets

20.05.2016 [11:13]
The price of oil fell in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $0.03 to stand at ...
Newly-built Khankendi re-floated at Baku Shipyard

Newly-built Khankendi re-floated at Baku Shipyard

18.05.2016 [19:06]
The Shah Deniz consortium announced that the subsea construction vessel (SCV) “Khankendi” was recently re-floated into the Caspian Sea at the Baku Shipyard quay. The vessel has been specifically designed and built to install the subsea structures of the giant Shah Deniz Stage 2 gas development project ...
Trans Adriatic Pipeline holds ceremony to mark start of construction   <span style="color:#ff0000">VIDEO</span>

Trans Adriatic Pipeline holds ceremony to mark start of construction VIDEO

17.05.2016 [19:01]
Under the auspices of Alexis Tsipras, Prime Minister of the Hellenic Republic, the Trans Adriatic Pipeline (TAP) marked the start of construction of the pipeline project. The significance of TAP as a strategic piece of the Southern Gas Corridor infrastructure, ...

Azerbaijani entrepreneurs to join “Gas. Oil. Technologies” exhibition in Russia

14.05.2016 [21:28]
The capital of Bashkortostan Ufa, Russia, on May 24 - 27 will host the International exhibition “Gas. Oil. Technologies”. According to AZPROMO, representatives of Azerbaijani business circles will join the event. The organizers of the exhibition include Government of the Republic of Bashkortostan ...
Azerbaijani Energy Minister to attend TAP groundbreaking ceremony

Azerbaijani Energy Minister to attend TAP groundbreaking ceremony

13.05.2016 [20:50]
Azerbaijan`s Minister of Energy Natig Aliyev will take part in the groundbreaking ceremony of the Trans Adriatic Pipeline (TAP) to be held in Thessaloniki, Greece, on May 17. The event will bring together top officials of the U.S., Greece, Azerbaijan, Turkey, Albania, Italy ...
Oil price on world markets

Oil price on world markets

13.05.2016 [12:35]
The price of oil fell in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $0.47 to stand ...
Oil price on world markets

Oil price on world markets

10.05.2016 [11:30]
The price of oil fell in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $1.31 to stand at ...
Energy Minister: Timely implementation of Southern Gas Corridor is the main priority for Azerbaijan

Energy Minister: Timely implementation of Southern Gas Corridor is the main priority for Azerbaijan

07.05.2016 [12:45]
“Timely implementation of the Southern Gas Corridor project is the main priority for Azerbaijan,” said Energy Minister Natig Aliyev as he met with outgoing British Ambassador Irfan Siddiq. "Laying the foundation of TAP gas pipeline will be held on May 17 ...
SOCAR attends international oil exhibition in Tehran

SOCAR attends international oil exhibition in Tehran

06.05.2016 [20:53]
The State Oil Company of Azerbaijan Republic (SOCAR) is attending the 21st edition of International Oil, Gas, Refining, and Petrochemical Exhibition in Tehran, Iran. Over 1,000 local and 850 foreign companies from 40 countries joined this year's international exhibition ...
Ambassador: Hungary interested in gas supplies from south

Ambassador: Hungary interested in gas supplies from south

06.05.2016 [19:42]
“Energy security is a number one challenge for Hungary. We import 53% of energy we need, including 80% of gas coming from Russia,” Imre Laslotsky Ambassador of Hungary said during the meeting with the Caspian Energy representatives. Ambassador Laslotsky believes in this context Hungary seeks diversified supply ...
Oil price on world markets

Oil price on world markets

06.05.2016 [11:33]
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 decreased $0.90 to stand at ...
EIB to allocate $80 million to Petkim

EIB to allocate $80 million to Petkim

06.05.2016 [10:49]
The European Investment Bank will allocate $80 million to Petkim Petrochemical Holding to turn the Petkim port’s capacity into an international container terminal. The EIB delegation paid an official visit to Turkey. The delegation is planned to ...
USA and European Union supports TAP project

USA and European Union supports TAP project

05.05.2016 [18:13]
U.S.-EU Energy Council reaffirmed that energy security, through access to reliable, affordable, diversified, efficient and sustainable energy in the United States and Europe, remains a fundamental objective. The Council reiterated its strong support for the opening of the Southern ...
Oil price on world markets

Oil price on world markets

05.05.2016 [10:51]
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 $0.98 to stand at $44.73 ...
‘More than $ 2.5 billion has been saved so far on TANAP project’

‘More than $ 2.5 billion has been saved so far on TANAP project’

04.05.2016 [21:08]
“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 ...