The Trans-Adriatic pipeline (TAP) project to bring gas from the Caspian region via Turkey into Europe is gearing up to tender in 2014 ahead of its planned construction start a year later, said TAP communications head Lisa Givert. "We plan to send invitations to tender during 2014 for pre-qualified engineering and pipeline ...

Shah Deniz project will open way to Europe for Azerbaijani gas, SOCAR President Rovnag Abdullayev has today said at the Shah Deniz 2 Final Investment Decision Signing Ceremony in Baku. Abdullayev said that during the project implementation the most modern technology will be ...

The second stage of the Shah Deniz gas condensate field development will enhance the energy security of Europe, said British Foreign Secretary William Hague at the Shah Deniz 2 Final Investment Decision Signing Ceremony in Baku ...

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 $97.48 ...

Turkish Minister of Energy and Natural Resources Taner Yıldız will arrive in Azerbaijan to attend the signing ceremony of an agreement on the Trans Adriatic Pipeline project on December 17 ...

Greek Prime Minister Antonis Samaras will arrive in Azerbaijan to attend the signing ceremony of an agreement on the Trans Adriatic Pipeline project next week ...

President of the State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev has met with Jung Soo-Hyun, President of Hyundai Engineering Construction Co. LTD of South Korea. Mr. Abdullayev said Azerbaijan is interested in the enhancement of economic cooperation ...

The OSCE Office in Baku held a workshop on oil spills preparedness for 40 specialists from the State Oil Company of Azerbaijan Republic (SOCAR) on 11 December 2013. The event aimed at strengthening SOCAR’s capacity to execute the National Marine ...

Oil prices have again changed in the world markets, with a barrel of Azeri Light crude trading for $111.80. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light ...

According to the State Statistics Committee, oil production in Azerbaijan amounted to 39.5m tons in January-November of this year, which is a rise by 0,2% over the same period of the last year. ...

“Starting from 2014 the Caspian Technical Conference will be held annually and in turns in Astana and Baku. According to the comparative analysis, November 2014 is the best time for the event,” said chairman of the Section “Society of Petroleum Engineers” (SPE) Sanzhar Zharkeshev at a meeting of the Coordinating Council ...

Oil prices have again changed in the world markets, with a barrel of Azeri Light crude trading for $111.7. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil has increased $1.17 to stand at $98.51 ...

Turkey has appealed to Azerbaijan for increasing its 20 percent stake in the Trans-Anatolian natural gas pipeline project (TANAP), said President of the State Oil Company of Azerbaijan Rovnag Abdullayev. "The issue of how much Turkey`s stake will be increased is under discussion now with other ...

A delegation of the Caspian-European Club (CEIBC) and Caspian Energy International Media Group has left for Germany to participate in the 2nd Annual Frankfurt Gas Forum. CEIBC CEO Telman Aliyev said that the visit program includes bilateral talks to discuss ...

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 $0.31 to stand at $97.34. Price of British Brent crude oil at the London ICE (InterContinental Exchange Futures) has ...

Some 2 mln 711 thousand 473 tons of Azerbaijani oil was delivered from Ceyhan Port to the world market in November, 2013. (1 mln 830 thousand 620 tons of this volume was the oil of the State Oil Fund of Azerbaijan Republic). During January-November of the current year, the volume of the exported oil from Ceyhan ...

Some 2 mln 327 thousand 099 tons of Azerbaijani oil was exported via the Baku-Tbilisi-Ceyhan (BTC) in November, 2013. According to the State Oil Company of the Azerbaijan Republic, totally 27 mln 267 thousand 792 tons of oil was exported via BTC in January-November, 2013 ...