SOFAZ’s investment opportunities in France discussed
Investment opportunities of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) in France have been discussed as SOFAZ Executive Director Shahmar Movsumov met with a delegation led by Director of the Department of Continental Europe of the ...
SOFAZ Executive Director re-elected to Supervisory Council of VTB Bank for next term

SOFAZ Executive Director re-elected to Supervisory Council of VTB Bank for next term

27.04.2017 [19:36]
Executive Director of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) Shahmar Movsumov has been re-elected as an independent member of the Supervisory Council of VTB Bank OJSC for the next term as an annual general meeting of the ...
Azeri Light crude sells for $54.01

Azeri Light crude sells for $54.01

27.04.2017 [11:22]
The price of oil changed in the world markets. On NYMEX (New York Mercantile Exchange) cost of the US light crude oil decreased $0.27 to stand at $49.35. Price of the Brent ...
Azerbaijan, Saudi Arabia discuss energy cooperation prospects

Azerbaijan, Saudi Arabia discuss energy cooperation prospects

26.04.2017 [17:38]
Azerbaijan and Saudi Arabia have discussed prospects for energy cooperation as Energy Minister Natig Aliyev met with Saudi Minister of Energy, Industry and Natural Resources Khalid Abdulaziz Al-Falih ...
SOCAR President attends inauguration ceremony of gas terminal and power plant in Malta

SOCAR President attends inauguration ceremony of gas terminal and power plant in Malta

26.04.2017 [12:05]
A delegation led by SOCAR President Rovnag Abdullayev has attended the opening ceremony of the gas terminal and power plant built by ElectroGas Malta, partially owned by SOCAR Trading, in the city of Marsaxlokk, Malta ...
Azeri Light crude sells for $53.41

Azeri Light crude sells for $53.41

26.04.2017 [11:19]
The price of oil changed in the world markets. On NYMEX (New York Mercantile Exchange) cost of the US light crude oil decreased $0.04 to stand at $49.52. Price of the Brent crude oil at the London ICE (Intercontinental Exchange Futures) rose $0.01 to trade at $52.09 ...
Construction of TAP’s underwater section to start in 2018

Construction of TAP’s underwater section to start in 2018

25.04.2017 [18:06]
The laying of the first stone of the Trans Adriatic Pipeline’s (TAP) offshore section is scheduled for 2018, a source in Italy’s Saipem SpA told the Natural Gas World. At this stage, the company is not involved in construction of TAP ...
Azerbaijani energy minister to attend Offshore Technology Conference in Houston

Azerbaijani energy minister to attend Offshore Technology Conference in Houston

24.04.2017 [20:30]
An Azerbaijani delegation led by Energy Minister Natig Aliyev will participate in the Offshore Technology Conference in Houston, the US, from May 1-4. Aliyev will address the conference to highlight Azerbaijan`s accomplishments in the oil and ...
Saudi Arabian Minister of Energy, Industry and Mineral Resources to visit Azerbaijan

Saudi Arabian Minister of Energy, Industry and Mineral Resources to visit Azerbaijan

24.04.2017 [17:36]
Minister of Energy, Industry and Mineral Resources of Saudi Arabia Khalid Al-Falih will embark on a three-day visit to Baku on Tuesday. During the visit, Al-Falih will hold meetings with Azerbaijani Minister of Energy Natig Aliyev ...
Oil prices rise on world markets

Oil prices rise on world markets

24.04.2017 [15:43]
Oil prices have risen on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $0.23 to stand at $49.85. Price of the ...
Azeri Light crude sells for $53.24

Azeri Light crude sells for $53.24

22.04.2017 [12:52]
Azeri Light crude oil price continues to fall on the world markets. The price of a barrel of Azeri Light crude oil decreased $0.57 to stand at $53.24 ...
Iraq may seek exemption from OPEC oil cuts to boost own output

Iraq may seek exemption from OPEC oil cuts to boost own output

22.04.2017 [10:41]
Iraq may seek to be exempt from a deal between oil exporters to reduce global supply in order to support crude prices and ask to boost its own output, the leader of the nation's Shi'ite ruling coalition Ammar al-Hakim told Reuters. OPEC is due to meet in May to decide ...
Oil prices decrease on world markets

Oil prices decrease on world markets

22.04.2017 [10:34]
Oil prices have fallen on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US light crude oil decreased $1.09 to stand at $49.62. Price of the Brent crude oil at the London ICE ...
SOFAZ Supervisory Board holds meeting

SOFAZ Supervisory Board holds meeting

21.04.2017 [18:38]
A meeting of the Supervisory Board of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) was held on April 21. The meeting chaired by Artur Rasizade, Prime Minister of Azerbaijan and Chair of the Supervisory Board discussed the Fund's annual report and ...
Italy court revokes order that had halted work on TAP pipeline

Italy court revokes order that had halted work on TAP pipeline

21.04.2017 [11:17]
The Italian administrative court has halted work to remove olive trees standing in the path of the Trans Adriatic Pipeline (TAP), which envisages transportation of Azerbaijani gas to Europe, Mariano Alterio, a lawyer involved in the case, stated ...
Azeri Light crude sells for $53.81

Azeri Light crude sells for $53.81

21.04.2017 [10:39]
The price of oil changed in the world markets. On NYMEX (New York Mercantile Exchange) cost of the US light crude oil decreased $0.17 to stand at $50.27. Price of the Brent ...
Azeri Light oil price decreases on world markets

Azeri Light oil price decreases on world markets

20.04.2017 [12:16]
The price of oil changed in the world markets. On NYMEX (New York Mercantile Exchange) cost of the US light crude oil increased $0.11 to stand at $50.55. Price of the Brent ...
OPEC chief sees oil producers near to re-balancing market

OPEC chief sees oil producers near to re-balancing market

19.04.2017 [20:09]
Oil-producing nations are moving closer toward ending a global glut and re-balancing the crude market, and OPEC will decide next month whether to extend its cuts in output beyond June, the group’s Secretary-General Mohammad Barkindo said, according to Bloomberg ...
Italian minster: TAP is important infrastructure supporting decarbonization

Italian minster: TAP is important infrastructure supporting decarbonization

19.04.2017 [11:25]
The Trans Adriatic Pipeline (TAP), which will transport Azerbaijani gas to Europe, is an important infrastructure supporting decarbonization, Italy’s Environment Minister Gian Luca Galletti stated ...