BTC pipeline transports over 2.7 million tones of oil
During March, Baku-Tbilisi-Ceyhan (BTC) export pipeline transported 2,698,962 tones of Azerbaijan`s oil. In January-March, a total of 7,927,600 tones of oil were exported through the pipeline. Since the start-up, the pipeline shipped 181.705,300 million tons of crude ...
Azeri Light crude sells for $124.25
Oil prices have changed in the world markets, with a barrel of Azeri Light crude trading for $124.25. On the New York Merchantile Exchange NYMEX cost of the US Light crude oil has decreased $1.44 to stand at $101.02. A barrel of British Brent crude oil has decreased $2.79 to trade at $ 119.88 at the London ...
SOCAR chief: Azerbaijan`s gas production to reach 30bn cm in 2012 and 50bn cm in 2025
President of Azerbaijan`s State Oil Company, SOCAR, Rovnag Abdullayev, has said that the country`s gas production is forecast to reach 30 billion cubic meters in 2015 and 50 billion cubic meters ...
SOCAR, SUMITOMO ink MoU
Azerbaijan`s state oil firm, SOCAR, and Japanese Sumitomo Corporation have signed a memorandum of understanding on Tuesday. The memorandum of understanding was clinched by vice-president of SOCAR on ...
“Dow Chemical” keen on cooperation with SOCAR
Chief of Azerbaijan State Oil Company (SOCAR) Rovnag Abdullayev met with Ihsan Necipoglu, general manager for Turkey and Central Asia of the “Dow Chemical” Company within the Oil Gas Processing and Petrochemical Complex (OGPC) Forum in Baku ...
Foundation of Oil Gas Processing and Petrochemical Complex to be laid in first quarter of 2013
“Foundation of the Oil Gas Processing and Petrochemical Complex (OGPC) will be laid in the first quarter of 2013,” chief of Azerbaijan State Oil Company Rovnag Abdullayev told journalists ...
Baku hosts SOCAR OGPC Forum
Azerbaijan`s state oil firm, SOCAR, has today opened Oil Gas Processing and Petrochemical Complex (OGPC) Forum in Baku. Sponsored by SOCAR, the forum is organized by Iteca Caspian and INBC Consulting ...
Azeri Light crude sells for $122.67
Oil prices have again jumped up in the world markets, with a barrel of Azeri Light crude trading for $122.67. On the New York Merchantile Exchange NYMEX cost of the ...
Baku forum focuses on planned oil and gas complex
Azerbaijani state oil company Socar on Tuesday opened a three-day forum at the Hilton hotel in Baku to feature discussions on building a major oil and gas refining and petrochemicals complex in Azerbaijan ...
EITI Multi-stakeholder Group holds meeting
A meeting of the Multilaterial Group (MSG) on implementation of Extractive Industries Transparency Initiative (EITI) in Azerbaijan was held at the State Oil Fund. Determination of the concept of material payments and inclusion of these payments in ...
Oil prices drop above 102 USD on NYMEX
Oil prices have dropped in the world markets, with a barrel of US Light crude oil has decreasing by $ 1.26 to stand at $102.05 on the New York Mercantile Exchange NYMEX. Cost of the British Brent crude oil at the London ICE ...
SOCAR conducted 15000 meters drilling works in March
SOCAR (except Joint Ventures and Operating Companies) conducted 15415 meters drilling works in March. Of this amount, development drilling made up 14.921 meters and exploration drilling - 491 ...
SOCAR to invest $17bn in Petkim
Board chairman of Petkim Petrochemical Holding Vagif Aliyev said the company will see $17 billion in investment from Azerbaijan`s state oil firm, SOCAR. Aliyev spoke to a ceremony marking the 47th anniversary of Petkim`s founding. “SOCAR is Petkim`s largest shareholder,” said Aliyev, who is also SOCAR`s Foreign ...
Azeri Light crude sells for $125.99
Oil prices have changed in the world markets, with a barrel of Azeri Light crude trading for $125.99. On the New York Mercantile Exchange NYMEX cost ...
UK consultancy, SOCAR sign school agreement
SOCAR`s International Education Centre and British education consultancy Gabbitas have signed an agreement on cooperation. The "Agreement on education consultancy on setting up an international school" was ...
SOCAR chief says neither Turkey nor Azerbaijan expressed desire to change size of their share in TANAP
President of Azerbaijan`s state oil firm, SOCAR, Rovnag Abdullayev has said neither Turkey nor Azerbaijan have raised the issue of changing their shares in Trans Anadolu Pipeline project (TANAP) ...
Azeri Light crude sells for $126.06
Oil prices have changed in the world markets, with a barrel of Azeri Light crude trading for $126.06. On the New York Mercantile Exchange NYMEX cost ...
Azeri Light crude sells for $128.62
Oil prices have again changed in the world markets, with a barrel of Azeri Light crude decreasing $1,23 trading for $128.62. On the New York Merchantile Exchange NYMEX, cost ...
Bulgarian PM to discuss diversification of gas supplies to Europe in Azerbaijan
On 26 and 27 April in Baku Bulgaria`s Prime Minister Boyko Borisov will introduce his colleagues from Azerbaijan to the idea of diversification of gas supplies to Europe ...