“The Southern Gas Corridor will supply natural gas to Europe from a new source,” Bulgarian ambassador to Azerbaijan Nikolay Yankov has said at “Southern Gas Transport and energy security in the Southeast Europe” conference in Baku ...

US strongly backs TANAP for energy sec.: US Official

12.06.2018 [21:35]
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 ...

European Commission Vice President: TANAP is an essential part of the Southern Gas Corridor

12.06.2018 [14:40]
“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 ...

Azerbaijan’s proven reserves of natural gas estimated at 1.3 trillion cm, OPEC

08.06.2018 [19:55]
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. ...

OPEC: Azerbaijan’s proven oil reserves make 7 billion barrels

08.06.2018 [17:04]
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 signs agreement for Coreworx Contract Management

07.06.2018 [20:59]
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 ...

Azeri Light oil price exceeds $76

07.06.2018 [10:53]
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: Southern Gas Corridor project is Azerbaijan`s another success in energy sector

01.06.2018 [10:57]
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. ...

Azeri-Chirag-Gunashli produced 455m tons of oil and 144.5 bcm of gas so far

31.05.2018 [19:13]
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 ...

First Vice President of SOCAR: Azerbaijan has already received 258 million tons of crude oil from ACG

31.05.2018 [12:57]
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. ...

Azeri Light oil price increases on world markets

31.05.2018 [11:11]
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 ...

Daisaku Hiraki: Japan is interested in joint development of new fields with Azerbaijan on Caspian

31.05.2018 [11:00]
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 ...

SOCAR, Equinor sign agreements on new exploration and production projects

31.05.2018 [10:26]
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) ...

OPEC Secretary General: Southern Gas Corridor will change energy landscape at a fundamental speed

31.05.2018 [10:12]
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 $30bn invested in Southern Gas Corridor project until April’

31.05.2018 [09:59]
“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 ...

Walter Peeraer: 73 per cent of works on TAP project have been successfully implemented

31.05.2018 [09:52]
“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 ...

Mohammad Barkindo: We are delighted that OPEC and non-OPEC countries cooperation is strongly supported by President Ilham Aliyev

30.05.2018 [17:44]
“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,” ...

GECF Secretary General: Azerbaijan has become an international natural gas hub

30.05.2018 [12:36]
“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 ...

25th Anniversary International Caspian Oil & Gas Conference kicks off in Baku

30.05.2018 [12:21]
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 ...