SOCAR launches 40th filling station in Ukraine
The State Oil Company of the Republic of Azerbaijan (SOCAR) has launched another filling station in Ukraine bringing the total number of its facilities in the country to 40. ...

TAP issues Invitations to Tender for its onshore pipeline contract

16.10.2014 [18:47]
Trans Adriatic Pipeline AG (TAP) has issued the first major Invitation to Tender (ITT) for the construction of the onshore section of the pipeline. This is an Engineering Procurement Construction (EPC) contract, which may be split into further contracts, ...
Major supply contract signed for TANAP gas pipeline

Major supply contract signed for TANAP gas pipeline

15.10.2014 [12:28]
Turkish and Azerbaijani companies and government officials have inked a contract to supply the steel pipe for Trans-Anatolian gas pipeline system (TANAP), according to Today`s Zaman. Turkish steel pipe producers Toscelik, Borusan Mannesmann, Erciyas Boru, Emek, Umran ...

Azerbaijani President: Our initiatives serve deepening of regional cooperation

13.10.2014 [22:32]
“I have repeatedly said that our initiatives serve the deepening of regional cooperation. I have also said that Azerbaijan's role in the region today is so great that not a single initiative can be put forward without respect for our interests. This project will multiply our importance. Azerbaijan will become stronger and ...
Notizie Geopolitiche: TAP is significant for Italy’s energy market

Notizie Geopolitiche: TAP is significant for Italy’s energy market

13.10.2014 [19:08]
Italian Notizie Geopolitiche website has hailed the importance of the Trans-Anatolian Pipeline project (TAP) for the country. “TAP is of great significance for Italy`s energy market,” an article posted by the website says. ...
Statoil sells Shah Deniz stake to Petronas for $2.25 billion

Statoil sells Shah Deniz stake to Petronas for $2.25 billion

13.10.2014 [18:39]
Statoil ASA (STL), Norway’s biggest energy company, will sell its 15.5 percent stake in the Shah Deniz field in Azerbaijan to Malaysia’s Petroliam Nasional Bhd for $2.25 billion as it seeks to reduce investment and prioritize high-value projects. ...

Southern Gas Corridor will ensure steady development of our country in decades to come, Azerbaijani President

09.10.2014 [17:25]
“I am confident that in the near future the Southern Gas Corridor will be built, commissioned and ensure steady development of our country in the decades to come,” Azerbaijani President Ilham Aliyev has told the Cabinet of Ministers. ...

Forum on Azerbaijani-British cooperation kicks off in Baku

09.10.2014 [12:00]
A forum on Azerbaijani-British cooperation has started in Baku. Marking the 20th anniversary of the Contract of the Century, the forum saw opening remarks by vice president of the State Oil Company of Azerbaijan (SOCAR) Rafiga Huseynzade. She stressed the importance of the event in terms of deepening Azerbaijani-British relations ...
SOCAR representative office in Romania joins Bucharest Forum

SOCAR representative office in Romania joins Bucharest Forum

08.10.2014 [21:37]
The representative office of the State Oil Company of the Azerbaijan Republic (SOCAR) in Romania has participated in the Bucharest Forum titled “Unleashing the Potential of Eurasia: Strategic Choices on the New Silk Road”. Head of the SOCAR representative office Hamza Karimov delivered a speech at the event. ...
Oil price falls in world markets

Oil price falls in world markets

08.10.2014 [11:08]
The price of oil has fallen in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil has decreased $2.16 to stand at $88.85. Price of British Brent crude oil at the ...

Oil price changes in world markets

03.10.2014 [18:34]
Oil prices have changed in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil has increased $0.28 to stand at $91.01. ...

Over 1.7 million tons of Azerbaijani oil exported from Ceyhan port in September

02.10.2014 [14:53]
SOCAR exported 84 thousand 796 tons of crude oil from the Novorossiysk Port, 253 thousand 829 tons of crude oil from the Supsa Port, and 1 million 725 thousand 423 tons of crude oil from the Ceyhan Port in September 2014. In general, 762 ...

SOCAR issues report for September

02.10.2014 [14:00]
In September 2014, SOCAR exported 8 534 tons of petrol, 83 334 tons of diesel fuel, 19 174 tons of aviation fuel and 72 889 tons of vacuum gas oil, the Department of Marketing and Economic Operations said. “In general, in January-September 2014, 9 280 tons of gasoline and 712 941 tons of diesel ...
Oil price falls in world markets

Oil price falls in world markets

02.10.2014 [12:18]
The price of oil has fallen in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil has decreased $0.43 to stand at $90.73. Price of British Brent crude oil at the ...
Two contracts worth $200M signed within Shah Deniz-2 project

Two contracts worth $200M signed within Shah Deniz-2 project

01.10.2014 [18:57]
Two contracts worth $200 million awarded within the second stage of Azerbaijani Shah Deniz gas condensate field development. The contracts, which are for subsea flow-line coating and early subsea export line ...
Oil price falls in world markets

Oil price falls in world markets

01.10.2014 [13:31]
The price of oil has fallen in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil has increased $3.41 to stand at $91.16. Price of British Brent crude oil at the ...
Enagás joins Trans Adriatic Pipeline AG

Enagás joins Trans Adriatic Pipeline AG

30.09.2014 [20:02]
Enagás has joined the Trans Adriatic Pipeline project as a new shareholder with a 16 per cent stake in the Trans Adriatic Pipeline AG (TAP) company ...
Oil price changes in world markets

Oil price changes in world markets

26.09.2014 [16:42]
Oil prices have changed in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil has decreased $0.27 to stand at $92.53. Price of British Brent crude oil at the ...
Greece grants 50-year license to TAP for independent natural gas system

Greece grants 50-year license to TAP for independent natural gas system

25.09.2014 [17:16]
Trans Adriatic Pipeline (TAP) has been awarded a 50-year license for an Independent Natural Gas System (INGS) in Greece, reads a statement of the project to transport gas from Shah Deniz II field in Azerbaijan to Europe. ...