Azerbaijan exported 2.8m tons of oil via BTC in June

14.07.2011 [14:36]
Azerbaijan exported nearly 2.8 million tons of oil through the Baku-Tbilisi-Ceyhan main export pipeline in June, the country`s state oil firm, SOCAR, said ...

Azerbaijan State Oil Fund assets may exceed $50bn

13.07.2011 [19:09]
In case if expenses of SOFAZ are maintained at the current level, in coming 5 years the Fund`s assets may exceed $50 billion depending mainly on oil price ...

Azeri Light crude sells for $120.23

13.07.2011 [15:48]
Oil prices have again increased in the world markets, with a barrel of Azeri Light crude trading for $120.23. On the New York Merchantile Exchange ...

SOCAR and Swiss Foster Wheeler Company sign MOU

12.07.2011 [22:43]
Vice-president of the State Oil Company of the Azerbaijan Republic (SOCAR) for strategic development Tofig Gahramanov and General Executive Director of ...

BP purchases Rolls-Royce generators for West Chirag Platform

12.07.2011 [13:04]
BP-Azerbaijan, a subsidiary of BP, has purchased three Rolls-Royce generators for a combined total of $50 million for the West Chirag oil production platform, the ...

Oil prices fall after a decline in Chinese imports

11.07.2011 [18:56]
Oil prices have fallen after figures showed a drop in Chinese oil imports and as worries persist about the US economy`s strength ...

Azeri Light crude sells for $120.77

11.07.2011 [16:45]
Oil prices have again fallen in the world markets, with a barrel of Azeri Light crude trading for $120.77. On the New York Merchantile Exchange ...

BP `to stop oil-spill compensation`

09.07.2011 [22:12]
BP wants to stop paying most people affected by the massive 2010 Gulf of Mexico oil spill for potential future damages because the region has recovered, a document released Friday said ...

Oil prices continue to grow in world markets

08.07.2011 [13:31]
Oil prices have continued to grow in the world markets with a barrel of Azeri Light crude trading for $120, 89. On the New York Merchantile Exchange ...

Azeri Light crude sells for $117.14

07.07.2011 [22:52]
The Department of Marketing and Economic Operations of State Oil Company of Azerbaijan (SOCAR) informed that, Azeri Light crude oil raised $0,27 to stand at $117,14 ...

SOCAR increases share in Turkish joint venture

07.07.2011 [14:49]
Azerbaijan`s state oil company SOCAR has signed a deal to buy 23.98% of Aksoy Holding`s share in the SOCAR-Turcas joint venture in Turkey ...

Azerbaijan State Oil Fund assets exceed $30bn

06.07.2011 [21:50]
Current assets of the State Oil Fund reached USD 30,2bn. The State Oil Fund of the Republic of Azerbaijan announces that as of June 28, 2011 current assets of ...

Oil price rises in world market

06.07.2011 [15:51]
The price of oil has continued to rise in the world market. On the New York Stock Exchange NYMEX (New York Merchantile Exchange) cost of the US Light crude oil ...

Azeri Light crude sells for $114.83

05.07.2011 [17:24]
A barrel of Azeri Light crude oil sold for $114.83 in the world markets. The price for one barrel of British Brent oil made $ ...

SOCAR, ConocoPhillips ink onshore exploration deal

04.07.2011 [21:24]
Azerbaijan`s state oil company SOCAR and US company ConocoPhillips have signed a deal on the joint "pre-exploration" of onshore deposits ...

Oil prices fall in world markets

04.07.2011 [15:20]
On the New York Stock Exchange NYMEX (New York Merchantile Exchange) cost of the US Light crude oil has fallen 48 cent to stand at $94.94 ...

Oil price rises in world market

01.07.2011 [15:51]
The price of oil has continued to rise in the world market. On the New York Stock Exchange NYMEX (New York Merchantile Exchange) cost of the US Light crude oil ...

Nabucco chief to visit Azerbaijan

30.06.2011 [21:42]
Head of Nabucco consortium Reinhard Mitschek will visit Azerbaijan next month. Mitschek will deliver a speech in the 5th Baku Summer ...

Oil Climbs a Third Day on U.S. Crude Stockpiles

30.06.2011 [12:33]
Oil rose for a third day, trimming its first quarterly loss in a year, as traders bet U.S. demand may be strengthening and Greece prepared for a second vote on austerity ...