Oil prices have changed in different directions in the world markets. Price of a barrel of Azeri Light crude oil increased $0.24 to stand at $66.54. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil decreased ...

Azerbaijan`s Minister of Energy to attend groundbreaking ceremony of Afghan Section of TAPI pipeline

21.02.2018 [17:11]
Azerbaijan`s Minister of Energy Parviz Shahbazov will attend a groundbreaking ceremony of the Afghan section of Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline in Herat province ...

International Caspian Oil and Gas Exhibition to mark its 25th anniversary

21.02.2018 [16:20]
In 2018, the largest oil and gas event in the Caspian Region – the Caspian Oil and Gas Exhibition and Conference Incorporating Refining and Petrochemicals – will celebrate its 25th anniversary. The history of Caspian Oil and Gas began in 1994 just before the 'Contract ...

TAP Presents Project Update at the Athens Energy Forum

21.02.2018 [12:00]
The Trans Adriatic Pipeline (TAP) AG Country Manager for Greece, Katerina Papalexandri, presented the project's progress at the annual Athens Energy Forum organised on 15-16 February 2018, with the participation of select speakers, including the Minister ...

Oil prices drop on world markets

21.02.2018 [10:53]
Oil prices have fallen on the world markets. Price of a barrel of Azeri Light crude oil decreased $0.60 to stand at $66.30 on the world markets. On London ICE (Intercontinental Exchange Futures) cost of the Brent crude oil fell $0.57 to stand at $64.68. Price of US Light ...

TAP gas pipeline to get 1.2 bln euros in loans from EBRD in 2018

20.02.2018 [17:57]
The European Bank for Reconstruction and Development plans to allocate loans worth up to 1.2 billion euros for the Trans-Adriatic Pipeline (TAP) this year, part of a $40 billion project to bring new gas supplies to Europe, an EBRD official said ...

SOCAR AQS, Bangladeshi oil and gas exploration company BAPEX sign MoU

20.02.2018 [12:50]
SOCAR AQS and Bangladesh Petroleum Exploration & Production Company (BAPEX) have signed a Memorandum of Understanding on cooperation in the new oil and gas projects of the People's Republic of Bangladesh ...

Azerbaijani oil price exceeds $67

20.02.2018 [11:11]
Price of a barrel of Azeri Light crude oil increased $0.69 to stand at $66.90. On London ICE (Intercontinental Exchange Futures) cost of the Brent crude oil decreased $0.21 to stand at $65.46. The price of ...

Oil prices increase on world markets

19.02.2018 [10:11]
Oil prices continue to increase on the world markets. On London ICE (Intercontinental Exchange Futures) cost of the Brent crude oil rose $0.52 to stand at $65.36. The price of the ...

Rovnag Abdullayev: SOCAR increased international trade volume by more than 2 times last year

17.02.2018 [18:21]
"SOCAR does not depend on any foreign partners in developing oil and gas resources in the country. In fact, the government has already allocated funds for the development of the Umid natural gas field. But as a state-owned company, we prefer to ...

Oil prices increase on world markets

17.02.2018 [18:00]
Oil prices have increased on the world markets. On London ICE (Intercontinental Exchange Futures) cost of the Brent crude oil rose $0.51 to stand at $64.84. The price of the US Light crude oil at the NYMEX (New York Mercantile Exchange) increased ...

American ExxonMobil becomes shareholder of BTC project

17.02.2018 [16:39]
US oil company ExxonMobil has become a shareholder of Baku-Tbilisi-Ceyhan (BTC) main export pipeline, BP-Azerbaijan company reported. The ExxonMobil acquired 2.5 percent of BTC shares from CIECO. The report reads that the transaction has already taken place. BTC ...

Azeri Light crude sells for more than $66

17.02.2018 [16:29]
Azerbaijani oil price has risen on the world markets. The price of a barrel of Azeri Light crude oil increased $0.94 to stand at $66.21 ...

Azerbaijan produced 170 thousand tons of diesel fuel in January

16.02.2018 [20:21]
According to the State Statistical Committee, 167,800 tons of diesel fuel was produced in Azerbaijan in January, 2018. During this period, 109,100 tons of motor gasoline, 18,100 tons of gasoline for petrochemical industry, as well 4,5100 tons of ...

Azeri-Chirag-Gunashli produces 215 million barrels of oil in 2017

16.02.2018 [19:34]
Total Azeri-Chirag-Gunashli (ACG) production for the year was on average 588,000 barrels per day (b/d) (about 215 million barrels or 29 million tonnes in total) from the Chirag (51,000 b/d), Central Azeri (137,000 b/d), West Azeri (124,000 b/d), East Azeri (82,000 b/d), Deepwater Gunashli (117,000 b/d) and West Chirag ...

President of TAP: Southern Gas Corridor is very important for region countries

16.02.2018 [13:22]
“The Southern Gas Corridor project is of great importance not only for Azerbaijan, but also for the region as a whole”, said President of TAP Walter Peeraer in his interview. He emphasized that great efforts being made to transport natural gas to ...

Works on implementation of Shah Deniz-2 project almost completed

16.02.2018 [11:03]
The works on the implementation of the Shah Deniz-2 project, operated by BP, is almost complete. The project is now over 99 percent complete for first gas, in terms of engineering, procurement, construction and commissioning and remains on target for ...

Azerbaijani oil price exceeds $65

16.02.2018 [10:41]
Oil prices continues to increase on the world markets. Price of a barrel of Azeri Light crude oil increased $0.57 to stand at $65.27. On London ICE (Intercontinental Exchange Futures) cost of the Brent crude oil rose $0.39 to stand at $64.72. The price of the ...

Joint Declaration on outcome of 4th Ministerial Meeting of SGC Advisory Council signed

15.02.2018 [21:53]
A Joint Declaration on the outcome of the 4th Ministerial Meeting of the Southern Gas Corridor (SGC) Advisory Council has been signed. Addressing a press conference on the results of the meeting, Azerbaijan`s Minister of Energy Parviz Shahbazov said that ...