Azeri Light crude oil price has risen on the world markets. The price of a barrel of Azeri Light crude oil increased $0.40 to stand at $59.12 ...

Oil prices rise on world markets

23.09.2017 [11:35]
Oil prices have risen on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US light crude oil increased $0.11 to stand at $50.66. Price of the Brent ...

Azerbaijan`s Chamber of Auditors signs cooperation agreements with Russian and Estonian counterparts

23.09.2017 [01:28]
The Chamber of Auditors of Azerbaijan has signed cooperation agreements with the Russian Union of Auditors and the Estonian Auditors Association. The signing ceremony took place on the sidelines of "Strategic road map of Azerbaijan's economy ...

TAP Invests €1 Million in energy-focused postgraduate programmes

22.09.2017 [17:16]
The Trans Adriatic Pipeline (TAP) AG presented its €1 million initiative for funding Master's programmes in the energy sector, offered by the University and the Technological Educational Institute (TEI) of Western Macedonia ...

International Energy Agency: Oil price spike coming in 2020

22.09.2017 [17:14]
The oil market has been awash in crude for more than three years, and OPEC has struggled to accelerate the rebalancing effort, but the world could be heading for a supply crunch in a few years due to the sharp fall in industry spending, according to USA Today ...

Azerbaijani wine awarded bronze medal at Korean competition

22.09.2017 [11:36]
Azerbaijani “Savalan” wine has been awarded a bronze medal at Korea Wine Challenge. A total of 810 wines from 23 countries competed in Korea Wine Challenge this year ...

Azeri Light crude sells for $58.71

21.09.2017 [16:09]
The price of a barrel of Azeri Light crude oil increased $0.84 to stand at $58.71 on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US light crude oil decreased $0.06 to stand at $50.63. Price of the Brent ...

Second Shah Deniz 2 platform topsides installed offshore

21.09.2017 [14:03]
Following the safe and successful sail away and offshore installation of the Quarters and Utilities (QU) platform, the second topsides unit of the Production and Risers (PR) platform built for the Shah Deniz Stage 2 project, arrived in its location in early June ...

Azerbaijan-Hungary Joint Commission on Economic Cooperation to convene in October

21.09.2017 [10:44]
The 7th meeting of Azerbaijan-Hungary Joint Commission on Economic Cooperation will take place in Budapest in October, according to Azerbaijani Minister of Economy Shahin Mustafayev. ...

Azerbaijan to appoint its trade representative to Hungary soon

21.09.2017 [00:53]
Azerbaijan plans to appoint its trade representative to Hungary soon, said Minister of Economy Shahin Mustafayev. "At the same time, Azerbaijan is considering the implementation of other mechanisms to expand bilateral trade with Hungary," he added ...

Baku hosts Caspian Energy Transport Forum

20.09.2017 [16:27]
The Caspian Energy Transport Forum has today kicked off in Baku. It is organized in partnership with Azerbaijan`s Ministry of Transport, Communication and High Technologies. ...

Azeri Light crude sells for nearly $58

20.09.2017 [14:36]
The price of a barrel of Azeri Light crude oil increased $0.58 to stand at $57.87 on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US light crude oil rose $0.38 to stand at $49.86. Price of the Brent crude oil at the London ICE ...

Azerbaijan begins implementation of project to increase competitiveness of key non-oil sectors

20.09.2017 [12:08]
Azerbaijan has embarked on the implementation of a project aimed at increasing competitiveness of the country`s key non-oil sectors. Funded by the EU, the project is executed by the Latvian Chamber of Commerce and Industry ...

ACG produced 245m tons of profit oil so far

20.09.2017 [12:01]
Azerbaijan has sold 245 million tons of profit oil produced under the Azer-Chirag-Gunashli project so far, according to Khoshbakht Yusifzade, first vice-president of SOCAR ...

Agriculture minister: Azerbaijan may export some products to China at lower prices

20.09.2017 [11:52]
“Azerbaijan may export certain products to China at lower prices,” said Minister of Agriculture Heydar Asadov. He said the main task is to increase the export potential in agricultural sector. “Bilateral relations in this area are rapidly developing ...

Azeri-Chirag-Gunashli produced 435.6m tons of oil so far

20.09.2017 [11:39]
The Azeri-Chirag-Gunashli (ACG) field has produced 435,600,000 tons of oil and 136.3 billion cubic metres of gas so far under the Contract of the Century, said first vice-president of Azerbaijan`s state oil firm SOCAR Khoshbakht ...

Stamps marking 25th anniversary of Azerbaijan`s WB membership signed and sealed

19.09.2017 [23:16]
Stamps issued by the Azerbaijani government to mark the 25th anniversary of the country`s membership of the World Bank have been signed and sealed. The stamps were signed and sealed by Deputy Prime Minister Abid Sharifov ...

SOCAR chief: New Azeri-Chirag-Gunashli contract to be submitted to the parliament before the end of 2017

19.09.2017 [21:07]
“The new Azeri-Chirag-Gunashli contract is expected to be submitted to the parliament before the end of 2017, coming into force after ratification,” said Rovnag Abdullayev, president of state-owned energy company SOCAR, according to Reuters. ...

Swiss Romandie newspaper publishes article about new agreement on Azeri-Chirag-Gunashli oilfields

19.09.2017 [18:10]
Swiss Romandie newspaper has published an article about new signedagreement on Azeri-Chirag-Gunashli oilfields. The article highlights the importance of the new agreement. The article says that as part of the deal, the international partners ...