Azeri Light crude oil price has fallen on the world markets. The price of a barrel of Azeri Light crude oil decreased $0.12 to stand at $58.51 ...

President Ilham Aliyev: The Southern Gas Corridor is one of the world’s largest infrastructure projects

21.10.2017 [12:23]
“The Southern Gas Corridor is one of the world’s largest infrastructure projects,” Azerbaijani President Ilham Aliyev has told the 9th Summit of the Developing Eight Organization for Economic Cooperation (D-8) in Istanbul. The head of state emphasized ...

Oil prices rise on world markets

21.10.2017 [10:58]
Oil prices have risen on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US light crude oil increased $0.33 to stand at $51.84. Price of the Brent ...

Azeri Light crude sells for $58.63

20.10.2017 [10:47]
The price of a barrel of Azeri Light crude oil decreased $0.21 to stand at $58.63 on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US light crude oil increased $0.19 to stand at $51.48. Price of the Brent ...

Extractive Industries Transparency Commission holds meeting

19.10.2017 [19:09]
A meeting of the Extractive Industries Transparency Commission (EITC) with the participation of representatives of civil society, international organizations and local and foreign extractive companies operating in Azerbaijan has today been held at the State ...

Azeri Light crude sells for $58.84

19.10.2017 [11:04]
The price of a barrel of Azeri Light crude oil increased $0.16 to stand at $58.84 on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US light crude oil decreased $0.03 to stand at $52.01. Price of the Brent ...

Azeri Light crude sells for $58.68

18.10.2017 [10:48]
The price of a barrel of Azeri Light crude oil decreased $0.26 to stand at $58.68 on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US light crude oil increased $0.17 to stand at $52.05. Price of the Brent ...

TAP pipe deliveries complete to Albania, Greece and Italy

17.10.2017 [20:03]
On October 10, the last shipment of steel line-pipes for the construction of the Trans Adriatic Pipeline (TAP) arrived in Thessaloniki, Greece, marking the completion and final delivery of all line-pipes to TAP’s host countries ...

Azeri Light crude sells for nearly $59

17.10.2017 [17:52]
The price of a barrel of Azeri Light crude oil increased $0.57 to stand at $58.94 on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US light crude oil fell $0.09 to stand at $51.78. Price of the Brent crude ...

Edison signs binding agreement with gas natural Fenosa for acquisition of Shah Deniz II gas contract

17.10.2017 [16:42]
Edison and Gas Natural Fenosa have signed today a binding agreement for the acquisition by Edison of Gas Natural Vendita Italia and of the Shah Deniz II gas contract. Edison, through this transaction, increases by 50% its customer base ...

SOCAR transfers AZN 117.3 million manats to state budget in September

16.10.2017 [13:50]
State Oil Company of Azerbaijan Republic (SOCAR) transferred 117 million 330 thousand manats to the state budget in September 2017. For January-September 2017, SOCAR transferred AZN 1.165.678 billion to the State Budget that is ...

Oil producers may not need to extend cuts: Kuwait

16.10.2017 [11:29]
OPEC and non-OPEC producers struck a historic deal a year ago to cut crude output, according to Arabian Business. Oil producers may not need to roll over a deal to cut production beyond March if all members fully comply with their pledges, the Kuwaiti oil minister said Sunday ...

Oil prices increase on world markets

16.10.2017 [11:00]
Oil prices continue to rise on the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange), the cost of the US Light crude oil increased ...

President: Azerbaijani gas will play its role in addressing Bulgaria's energy security issues

13.10.2017 [20:17]
"I am confident that the Azerbaijani gas will play its role in addressing the energy security issues of Bulgaria," said President Ilham Aliyev as he made a press statement together his Bulgarian counterpart Rumen Radev in Baku ...

Baku hosts International Petroleum Summit

13.10.2017 [11:59]
International Petroleum Summit has kicked off in Baku. The event is organized by Argus International Price Agency with the support of SOCAR. The two-day summit will discuss topics on "Caspian Oil Products Market", Perspective ...

Azeri Light crude sells for $57.33

13.10.2017 [11:40]
The price of a barrel of Azeri Light crude oil decreased $0.28 to stand at $57.33 on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US light crude oil rose $0.33 to stand at $50.93. Price of the Brent crude ...

SOCAR vice president: 2 billionth ton of oil will be produced in Azerbaijan in first week of November

13.10.2017 [00:19]
“Azerbaijan will produce the 2 billionth ton of oil in the first week of November," first vice president of SOCAR, academician Khoshbakht Yusifzade said at Argus Azerbaijan International Petroleum Summit 2017 in Baku. He said a special ceremony will be held on ...

BP Regional President: BTC pipeline transported 2.7 billion barrels of crude oil so far

12.10.2017 [18:08]
The Baku-Tbilisi-Ceyhan main export oil pipeline (BTC) transported about 365 million tons or 2.74 billion barrels of crude oil from June 2006 till the end of June 2017, Regional President for Azerbaijan, Georgia and Turkey (AGT), Gary Jones has told ...

SOCAR President: Azeri-Chirag-Gunashli field has 550m t of oil reserves

12.10.2017 [17:33]
“Oil reserves in the Azeri-Chirag-Gunashli field currently make up more than 550 million tons. The oil resources will probably be increased,” said SOCAR President Rovnag Abdullayev as he addressed Argus Azerbaijan International Petroleum Summit 2017 in Baku ...