LUKoil gains $200m Shah Deniz funds

28.02.2014 [16:43]
LUKoil Overseas, operator of the foreign extracting projects, has signed the agreement with the European Bank for Reconstruction and Development (EBRD) to use the second tranche worth $200 million of the loan, which has been earlier allotted for implementation of the Shah-Deniz project in Azerbaijan. The funds will be used for further development of the Shah Deniz Phase 1 using the ...

Oil prices fall in world markets

28.02.2014 [13:29]
The price of oil has continued to fall in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil has fallen $0.19 to stand at $102.40. Price of British Brent crude oil at the London ...

Oil price changes in world markets

27.02.2014 [14:48]
The price of oil has changed in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $0.76 to stand at $102.59. Price of British Brent crude oil at the London ICE (InterContinental Exchange Futures) has increased ...

Azerbaijani President issues order on second phase of Shah Deniz gas condensate field's development and other projects

26.02.2014 [20:14]
Azerbaijani President Ilham Aliyev has issued an order on some measures regarding the second stage of Shah Deniz gas and condensate field and other projects on the establishment of the Southern Gas Corridor ...

Oil prices fall in world markets

26.02.2014 [15:42]
The price of oil has continued to fall in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil has fallen $0.99 to stand at $101.83. Price of British Brent crude oil at the London ...

Baku to host presentation of 1st International Caspian Energy Forum – 2014

25.02.2014 [18:09]
Presentation of the 1st International Caspian Energy Forum – 2014 will be carried out in Baku for business circles within the framework of the session of the Caspian European Club (CEIBC) on March 5. ...

Oil price rises in world markets

25.02.2014 [15:15]
The price of oil has continued to rise in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil raised $0.62 to stand at $102.82. Price of British Brent crude oil at the London ICE (InterContinental Exchange Futures) has ...

Oil prices fall in world markets

24.02.2014 [18:33]
The price of oil has continued to fall in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil has fallen $0.55 to stand at $102.20. Price of British Brent crude oil at the London ...

SOCAR opens two more gas stations in Romania

23.02.2014 [12:39]
The State Oil Company of Azerbaijan (SOCAR) has opened two new gas stations in Romania, bringing the total number of the facilities in the country to 25. The new gas stations opened in Oradea and Timisoara, while work continues to launch the ...

EITI Multi Stakeholder Group holds meeting

20.02.2014 [17:01]
A meeting of the Multi-stakeholder Group (MSG) on implementation of Extractive Industries Transparency Initiative (EITI) in Azerbaijan was held on February 19. Draft text of the EITI Activity Report 2013, collection of contextual information on extractive ...

Oil price rises in world markets

20.02.2014 [11:40]
The price of oil has continued to rise in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil raised $0.88 to stand at $103.31. Price of British Brent crude oil at the London ICE (InterContinental Exchange Futures) has ...

SOCAR, Transneft update deal on Baku-Novorossiysk pipeline

19.02.2014 [15:17]
After lengthy talks on resumption of oil transportation via Baku-Novorossiysk oil pipeline, the State Oil Company of Azerbaijan (SOCAR) and the Russian Transneft have signed a new deal on the continuation of oil pumping via the ...

Oil price rises in world markets

19.02.2014 [12:14]
The price of oil has continued to rise in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil raised $1.71 to stand at $102.43 ...

Oil production from Azeri-Chirag-Guneshli field increases

18.02.2014 [18:05]
In 2013 in average 655,370 barrels of oil a day or total of 239 million barrels (32.2 million tons a year) was extracted from the Chirag, Central Azeri, Eastern Azeri, Western Azeri and deep-water Guneshli platforms on the Azeri-Chirag-Guneshli (ACG) field. ...

Caspian Forum to be convened in Brussels

18.02.2014 [11:22]
Brussels will host the 4th Caspian Forum to be organized by Turkey-based Caspian Strategy Institute (HASEN) in March. The agenda will be topped by the economic and political results of the South Gas Corridor project, designed to transport 1.2 trillion cm of gas to be produced from Shah Deniz field of ...

Oil price changes in world markets

18.02.2014 [11:03]
The price of oil has changed in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $0.42 to stand at $100.72 ...

BP to sign several contracts as part of Shah Deniz 2 project in 2014

17.02.2014 [17:53]
Several service contracts will be signed in 2014 under the second phase of the Shah Deniz gas and condensate field development in the Caspian Sea's Azerbaijani sector, BP has said. The final investment decision on the second phase of the Shah Deniz field development ...

BP to put into operation some wells in Shah Deniz gas field

17.02.2014 [11:29]
BP-Azerbaijan will put into operation the SDA-03y well in the Shah Deniz gas field the first quarter of 2014. According to the company, the work in the well is being completed. The company also said the drilling of the SDX-07Ay began in September, 2013, and it would ...

Oil price changes in world markets

17.02.2014 [11:28]
The price of oil has changed in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $0.05 to stand at $100.30. Price of British Brent crude oil at the London ICE (InterContinental Exchange Futures) has ...