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 ...

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 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 ...

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 ...

“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 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 ...

The price of a barrel of Azeri Light crude oil decreased $1.01 to stand at $57.29 on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US light crude oil decreased $0.04 to stand at $49.87. Price of the Brent crude ...

The 2nd stage of Petlim container terminal, invested by the Azerbaijan’s SOCAR oil company and with storage capacity of 1.5 million TEU container has today launched. The completed container terminal has doubled the capacity of port located near the city of Izmir, Aliaga region ...

Azeri Light crude oil price has fallen on the world markets. The price of a barrel of Azeri Light crude oil decreased $0.25 to stand at $58.30 on the world markets ...

Oil prices have risen on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US light crude oil increased $0.07 to stand at $49.96. Price of the Brent crude oil at the London ICE (Intercontinental Exchange Futures) rose $0.07 to trade ...

Romania`s AGERPRES news agency has posted an article on the signing ceremony of the Amended and Restated Agreement on the Joint Development and Production Sharing for the Azeri and Chirag fields and the Deep Water Portion ...

“As the new Production Sharing Agreement for the Azeri-Chirag-Gunashli Field is signed, a new chapter of fruitful international energy cooperation opens. The agreement is an important commitment for all parties involved. We are happy to see that Statoil and its ACG partners have chosen to make this commitment ...

Oil prices have risen on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US light crude oil increased $0.10 to stand at $49.89. Price of the Brent ...

“The extension of the Joint Development and Production Sharing Agreement is of historic importance and demonstrates that Azerbaijan continues to establish itself as a global energy player,” said Prime Minister of Georgia Giorgi Kvirikashvili in a letter ...

The price of oil changed in the world markets. The price of a barrel of Azeri Light crude oil increased $0.92 to stand at $58.55 on the world markets. ...

The Government of Azerbaijan and the State Oil Company of the Republic of Azerbaijan (SOCAR), together with BP, Chevron, INPEX, Statoil, ExxonMobil, TP, ITOCHU and ONGC Videsh today signed the amended and restated agreement on the joint development ...

The price of oil changed in the world markets. The price of a barrel of Azeri Light crude oil increased $0.73 to stand at $57.63 on the world markets ...

An agreement between OPEC and non-OPEC countries to reduce oil output will “surely” continue beyond March 2018, Venezuelan President Nicolas Maduro said on Tuesday, according to Reuters. Madurdo said he discussed the issue with his Iranian counterpart Hassan ...