Azeri Light crude sells for $128.62

04.04.2012 [15:24]
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

03.04.2012 [22:04]
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 ...

Port of Supsa exported more than 411 thousand tons of crude oil in March

03.04.2012 [16:25]
Marketing and Economic Operations Department of the State Oil Company of Azerbaijan Republic in March of 2012, exported from Novorossiysk 164 020 tons, from the port of Supsa - 411 849 tons, and from the port of Ceyhan - 1 million 901 thousand 016 tons of crude oil ...

Azeri Light crude sells for $127.39

03.04.2012 [11:54]
Oil prices have changed in the world markets, with a barrel of Azeri Light crude trading for $127.39. On the New York Mercantile Exchange NYMEX cost of the ...

International conference on transit energy routes between Caspian and Europe kicks off in Baku

02.04.2012 [20:04]
The Center for Strategic Studies under the President of the Republic of Azerbaijan, Ministry of Foreign Affairs of Finland, Alexanteri Institute- University of Helsinki hold a conference named “Main Regional Perspectives” on transit energy routes between the Caspian Sea and Europe on April 2 in Baku ...

South Caucasus Pipeline expends $15 million in capex

02.04.2012 [17:59]
The plan for 2012 is to spend $15 million in South Caucasus Pipeline (SCP) in capital expenditures. In 2011, SCP spent $8.8 million in capital expenditures. The pipeline has been operational since late 2006 transporting gas to Azerbaijan and Georgia, and starting July 2007 to Turkey from Shah Deniz Stage 1 ...

Azeri Light crude sells for $126.54

02.04.2012 [12:18]
Oil prices have changed in the world markets, with a barrel of Azeri Light crude trading for $126.54. On the New York Mercantile Exchange NYMEX cost of the US Light crude oil has decreased 24 cent to stand at $103.02 ...

Socar International buys 10% stake in Petkim

30.03.2012 [23:01]
Azerbaijan`s state oil firm, SOCAR has won a bid of Turkey`s Privatization Board to buy a 10% stake in petrochemicals maker Petkim. SOCAR purchased the stake for $168,500,000 ...

Oil rises from year`s biggest decline as finance ministers meet

30.03.2012 [20:47]
Oil advanced in New York, heading for a second quarterly gain, as Europe`s finance ministers met in Copenhagen to increase rescue funds to temper the region`s debt crisis, Bloomberg reports ...

Azeri Light crude sells for $126.78

30.03.2012 [12:27]
Oil prices have changed in the world markets, with a barrel of Azeri Light crude trading for $126.78 ...

Azeri Light crude sells for $127.88

29.03.2012 [11:50]
Oil prices have again jumped off in the world markets, with a barrel of Azeri Light crude trading for $127.88. On the New York Merchantile Exchange NYMEX cost of the ...

Shahdeniz capex to reach $1,340 million

28.03.2012 [18:35]
During 2011, Shah Deniz project spent $190.7 million in operating expenditure and $674.9 million in capital expenditure. In 2012, BP-Azerbaijan is planning to spend $211.5 million in operating expenditure and $1,340 million in capital expenditure on Shah Deniz activities ...

Azeri Light crude sells for $128.52

28.03.2012 [14:20]
Oil prices have again jumped up in the world markets, with a barrel of Azeri Light crude trading for $128.52. On the New York Merchantile Exchange NYMEX cost of the US Light crude oil rose 30 cent ...

Ecological risks on Shah Deniz project discussed in London

27.03.2012 [16:24]
The vice-president of the State Oil Company of Azerbaijan (SOCAR) for ecology Rafiga Huseynzade met in London with BP Vice President for Shah-Deniz project Alister Cook ...

BTC sets up plans for 2012

27.03.2012 [14:40]
The 2012 plan for Baku-Tbilisi-Ceyhan (BTC) capital expenditures is $55.7 million. In 2011, BTC spent $40.5 million in capital expenditures. BTC’s throughput capacity is currently 1.2 million b/d. Since June 4, 2006 up to end of 2011, 1,742 tankers were loaded at Ceyhan with a total of about 1342 million barrels (180 million tonnes) of crude oil transported via BTC and sent to world markets. ...

Baku to host SOCAR OGPC Forum

25.03.2012 [15:07]
Azerbaijan`s state oil firm, SOCAR, will organize Oil Gas Processing and Petrochemical Complex (OGPC) Forum in Baku next month. SOCAR OGPC Forum is designed to provide a detailed presentation of the new Oil Gas Processing and Petrochemical Complex to be developed and constructed by SOCAR the capital of Azerbaijan. ...

Azerbaijan`s main pipelines transported 4bn cm of gas in January-February

21.03.2012 [18:14]
Azerbaijan`s State Statistical Committee has said 4 billion cubic meters of gas was transported through main pipelines in the first two months of the year. The committee said this means a 14.3 percent growth against the same period in 2011. According to the official figures, 20% of the total amount of the transportation was ...

Azerbaijan`s main pipelines transported 7.6m tons of oil in two months of the year

21.03.2012 [17:38]
Azerbaijan`s state oil firm, SOCAR, has said 7.6 million tons of oil was transported via the country`s main pipelines in the first two months of the year ...

Azeri Light crude sells for $127.54

19.03.2012 [12:22]
Oil prices have again jumped up in the world markets, with a barrel of Azeri Light crude trading for $127.54. On the New York Merchantile Exchange NYMEX cost of the US Light crude oil rose $ 1,95 ...