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 ...

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 ...

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 ...

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 ...

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 ...

Azeri Light oil price falls on world markets

19.09.2017 [10:25]
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 ...

2nd phase of Petlim container terminal launched

19.09.2017 [10:13]
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 sells for $58.30

18.09.2017 [11:10]
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 rise on world markets

18.09.2017 [10:37]
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 agency highlights new agreement on Azeri-Chirag-Gunashli oilfields

16.09.2017 [20:24]
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 ...

Norwegian minister of petroleum and energy: New Production Sharing Agreement for the Azeri-Chirag-Gunashli Field opens a new chapter of fruitful international energy cooperation

16.09.2017 [16:44]
“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 rise on world markets

16.09.2017 [11:12]
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 ...

Georgian Prime Minister: The agreement demonstrates that Azerbaijan continues to establish itself as a global energy player

15.09.2017 [12:59]
“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 ...

Azeri Light oil price increases on world markets

15.09.2017 [11:06]
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. ...

Azerbaijan and co-venturers sign amended and restated Azeri-Chirag-Deepwater Gunashli PSA

14.09.2017 [17:37]
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 ...

Azeri Light crude sells for $57.63

14.09.2017 [11:04]
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 ...

Oil output cut deal will likely extend past March: Venezuela's Maduro

13.09.2017 [17:29]
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 ...