The U.S. government largely supports the Trans Anatolian Natural Gas Pipeline Project (TANAP), despite not being a direct investor in the project, Sandra Oudkirk, deputy assistant secretary in the U.S. Bureau of Energy Resources said Tuesday ...

“The Trans-Anatolian Pipeline (TANAP), together with the South Caucasus Pipeline and the Trans-Adriatic Pipeline (TAP), is an essential part of the Southern Gas Corridor. It is also the longest part of this infrastructure project. Today therefore marks a key ...

According to the 53rd edition of the Annual Statistical Bulletin (ASB) of the Organization of the Petroleum Exporting Countries (OPEC), Azerbaijan’s proven natural gas reserves make 1 trillion 277 billion cubic meters. ...

Azerbaijan`s proven oil reserves are estimated at 7 billion barrels, according to the 53rd edition of the Annual Statistical Bulletin (ASB) of the Organization of the Petroleum Exporting Countries (OPEC) ...

SOCAR Turkey Enerji A.Ş. has signed a multi-year agreement for Coreworx Contract Management, Coreworx Inc. ("Coreworx") announced. SOCAR will license Coreworx Contract Management as a Coreworx hosted solution ...

Price of a barrel of Azeri Light crude oil increased $0.42 to stand at $76.13 in the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil rose $0.51 to trade at $75.87, while the price of ...

UK Prime Minister's Trade Envoy to Azerbaijan Baroness Emma Nicholson has described the realization of the Southern Gas Corridor as another success of Azerbaijan in energy sector as she met with Azerbaijan’s Energy Minister Parviz Shahbazov. ...

The Azeri-Chirag-Gunashli (ACG) field has produced 455 million tons of oil and 144.5 billion cubic meters of gas since going into service, first vice president of the country`s state oil firm, SOCAR, Khoshbakht Yusifzade has told the 25th International Caspian ...

Azerbaijan has already received 258 million tons of crude oil from Azeri-Chirag-Gunashli (ACG) field, Khoshbakht Yusifzade, the First Vice President of SOCAR said at 25th Anniversary International Caspian Oil & Gas Conference. ...

Price of a barrel of Azeri Light crude oil increased $2.15 to stand at $78.59 in the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil decreased $0.14 to trade at $77.36, while the ...

Japan is interested in the joint development of new fields in the Caspian Sea with Azerbaijan, said Japan's Parliamentary Vice-Minister of Economy, Trade and Industry Daisaku Hiraki at the plenary session entitled "The main factors for the development of ...

The Statoil Azerbaijan (part of the Equinor group) and Azerbaijan’s State Oil Company SOCAR have signed a Risk Service Agreement (RSA) related to the appraisal and development of the Karabakh oilfield and a Production Sharing Agreement (PSA) ...

Southern Gas Corridor will change energy landscape at a fundamental speed, said Mohammad Sanusi Barkindo, Secretary General of the Organization of the Petroleum Exporting Countries at the plenary session entitled "The main factors for the development of a sustainable future ...

“More than $30 billion dollars have been invested in the Southern Gas Corridor project until April,” said Director General of “Southern Gas Corridor” CJSC Afgan Isayev as he addressed the 25th Caspian Oil and Gas Exhibition in Baku ...

“As much as 73 percent of the Trans Adriatic Pipeline (TAP) project, which envisages transportation of natural gas from Azerbaijan's Shah Deniz Stage 2 to the EU countries, has been successfully implemented,” TAP President Walter Peeraer ...

“The Organization of the Petroleum Exporting Countries` (OPEC) cooperation with Azerbaijan is growing stronger and stronger. We are delighted that the OPEC and non-OPEC countries cooperation (OPEC+) is strongly supported by President Ilham Aliyev,” ...

“Azerbaijan has become an international natural gas hub,” Secretary General of the Gas Exporting Countries (GECF) Forum Yury Sentyurin said in his remarks at the 25th International Caspian Oil and Gas conference’s plenary session on ...

The 25th Anniversary International Caspian Oil & Gas Conference kicked off in Baku. Over 49 speakers will deliver lectures at the conference, attended by 500 representatives, that is, high-ranking officials of different countries, heads of state oil and gas authorities ...