Jan Mladek: Czech Republic is interested in purchasing gas from Azerbaijan
Czech Republic is interested in purchasing gas from Azerbaijan, said Minister of Industry and Trade Jan Mladek. Mladek noted that Azerbaijan is a strategic supplier of oil to the Czech Republic. Today these supplies meet about one third of demands of the Czech Republic ...
Export-Import Bank of Korea issues €500 million for Sumgait carbamide plant

Export-Import Bank of Korea issues €500 million for Sumgait carbamide plant

17.01.2017 [16:23]
SOCAR attracted a loan from the Export-Import Bank of Korea (Eximbank) for its carbamide plant to be constructed in Sumgait, the third largest city of Azerbaijan. The official export credit agency, providing comprehensive export ...
Azeri Light crude sells for $55.93

Azeri Light crude sells for $55.93

17.01.2017 [10:41]
The price of a barrel of Azeri Light crude oil decreased $0.14 to stand at $55.93 on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US light crude oil increased $0.02 to stand at $52.39. Price of the Brent crude oil at the London ICE ...
Saudis see no need to extend OPEC deal beyond six months

Saudis see no need to extend OPEC deal beyond six months

16.01.2017 [18:43]
OPEC probably won't need to extend a deal it reached with other crude producers to cut output, given compliance with the reductions and the outlook for an increase in global demand, Saudi Energy Minister Khalid Al-Falih said, according to Bloomberg. ...
Azerbaijan, World Bank sign legal agreements for financing Trans-Anatolian Natural Gas Pipeline Project

Azerbaijan, World Bank sign legal agreements for financing Trans-Anatolian Natural Gas Pipeline Project

16.01.2017 [17:04]
Government of the Republic of Azerbaijan, Southern Gas Corridor Closed Joint Stock Company (SGC) and World Bank have signed legal agreements for allocation of a US$400 million IBRD loan to SGC with the guarantee of the Republic of Azerbaijan to support ...
TAP Head of Communications: All geological studies for micro-tunnel construction concluded in Italy

TAP Head of Communications: All geological studies for micro-tunnel construction concluded in Italy

16.01.2017 [16:16]
“In Italy, in line with the Single Authorisation permit granted by the Ministry of Economy on 20 May 2015, TAP continues to progress its secondary permitting activities,” TAP Head of Communications Lisa Givert told AZERTAC ...
TAP: Construction of compressor stations due to begin in first quarter of 2017

TAP: Construction of compressor stations due to begin in first quarter of 2017

16.01.2017 [16:11]
“As part of the initial pipeline design (i.e., transporting 10bcm/a natural gas), TAP will build two compressor stations: one in Kipoi, Greece, and one in Fier, Albania,” TAP Head of Communications Lisa Givert told AZERTAC ...
Oil prices will be much more volatile in 2017

Oil prices will be much more volatile in 2017

16.01.2017 [15:18]
Global oil prices will witness "much more volatility" in 2017 even though markets may rebalance in the first half of the year if output cuts pledged by producers are implemented, the head of the International Energy Agency (IEA) said according to Reuters ...
Oil prices rise on world markets

Oil prices rise on world markets

16.01.2017 [11:01]
Oil prices have increased on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $0.11 to stand at $52.48. Price of the Brent crude oil at the London ICE (Intercontinental ...
TAP: So far, approximately 60% of the 32,000 line pipes needed to build the 550km Greek section have been delivered

TAP: So far, approximately 60% of the 32,000 line pipes needed to build the 550km Greek section have been delivered

14.01.2017 [19:45]
“Line pipes continue to arrive to Kavala, Thessaloniki and Alexandroupoli. So far, approximately 60% of the 32,000 line pipes needed to build the 550km Greek section have been delivered,” TAP Head of Communications Lisa Givert told AZERTAC. ...
TAP Head of Communications: Approximately 89 km welded in Greece

TAP Head of Communications: Approximately 89 km welded in Greece

14.01.2017 [16:37]
“In Greece, over 190 km of our right of way have been cleared, 116 km line pipes strung, approximately 89 km welded, 30 km back-filled and 6.5 km fully reinstated,” TAP Head of Communications Lisa Givert told AZERTAC ...
Azeri Light crude sells for $56.07

Azeri Light crude sells for $56.07

14.01.2017 [15:25]
The price of a barrel of Azeri Light crude oil decreased $0.32 to stand at $56.07 ...
Oil prices decrease on world markets

Oil prices decrease on world markets

14.01.2017 [11:30]
Oil prices have again fallen on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $0.64 to stand at $52.37. Price of the Brent crude oil at the London ICE (Intercontinental Exchange Futures) fell $0.56 to trade at $55.45. ...
Supplies of Azeri crude oil to Asia to reach record high

Supplies of Azeri crude oil to Asia to reach record high

13.01.2017 [19:01]
European and Chinese traders are shipping a record 22 million barrels of crude from the North Sea and Azerbaijan to Asia this month, seeking to plug any supply gap left by OPEC production cuts. Over 11 million barrels of North Sea Forties crude have either been offloaded ...
TAP: Up to now, approximately 65% of 13,000 line pipes needed to build 215 km Albanian section have been delivered

TAP: Up to now, approximately 65% of 13,000 line pipes needed to build 215 km Albanian section have been delivered

13.01.2017 [18:38]
“In terms of logistics, since April 2016, line pipes continue to arrive to the Durres main marshalling yard (MMY) via the Durres port. Up to now, approximately 65% of the 13,000 line pipes needed to build the 215 km Albanian section have been delivered,” TAP Head of ...
TAP completed first phase of road infrastructure rehabilitation in Albania

TAP completed first phase of road infrastructure rehabilitation in Albania

13.01.2017 [18:32]
“At the end of 2016, TAP completed the first phase of road infrastructure rehabilitation, comprising the upgrade of approximately 58 km of access roads, construction of two new bridges and refurbishment of 40 bridges,” TAP Head of Communications Lisa Givert told AZERTAC ...
TAP Head of Communications: 40 km welded and approximately 28 km back-filled in Albania

TAP Head of Communications: 40 km welded and approximately 28 km back-filled in Albania

13.01.2017 [18:00]
“The TAP project is on schedule. In Albania, as of early January, approximately 54 km have been cleared and graded along our route, 50 km line pipes strung, 40 km welded and approximately 28 km back-filled,” TAP Head of Communications Lisa Givert told ...
SOCAR supplies Malta's 1st LNG

SOCAR supplies Malta's 1st LNG

13.01.2017 [14:48]
Malta’s first LNG cargo, supplied by Azerbaijan's state SOCAR, was delivered January 11 aboard the tanker Galea. ElectroGas Malta - which developed the new floating LNG import and storage terminal (FSU) at Marsaxlokk in southeast Malta and a nearby 200 MW gas-fired power plant ...
Azeri Light oil price increases on world markets

Azeri Light oil price increases on world markets

13.01.2017 [11:32]
The price of a barrel of Azeri Light crude oil increased $1.01 to stand at $56.39 on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US light crude oil increased $0.09 to stand at $52.34. Price of the Brent crude oil ...