Azerbaijan`s gas production `scheduled to reach 30bn cm` by 2015

17.07.2011 [14:59]
President of Azerbaijan`s state oil firm, SOCAR, Rovnag Abdullayev has said the country`s gas production is scheduled to reach 30 billion cubic meters by 2015 ...

First gas production as part of Shahdeniz-2 `planned` for 2017

17.07.2011 [14:39]
President of Azerbaijan`s state oil firm, SOCAR, Rovnag Abdullayev has said a first production of gas as part of the second stage of Shahdeniz is scheduled for 2017 ...

Organizing Committee for “BakuTel-2011” Exhibition & Conference established

17.07.2011 [13:49]
An Organizing Committee for “BakuTel-2011” exhibition-conference will be set up. The Organizing Committee will be headed by the Deputy Minister of ...

Azeri Light crude sells for $120.27

16.07.2011 [15:56]
Oil prices have again risen in the world markets, with a barrel of Azeri Light crude trading for $120.27. On the New York Mercantile Exchange ...

ITGI fully meets Azerbaijan’s strategic interests

15.07.2011 [22:51]
The Interconnector Turkey-Greece-Italy (ITGI) gas pipeline creates the most real opportunity for export of Azerbaijani gas to Europe ...

SOCAR may take part in Greek company privatization

15.07.2011 [22:47]
“If it is profitable both economically and commercially, we can take part in DEPA privatization”, SOCAR President Rovnag Abdullayev said ...

Azeri Light crude sells for $122.46

15.07.2011 [14:49]
Oil prices have again fallen in the world markets, with a barrel of Azeri Light crude trading for $120.27. On the New York Mercantile Exchange NYMEX cost of ...

Caspian Energy Dialogue-2011 Conference kicks off in Baku

15.07.2011 [11:34]
An international conference entitled “Caspian Energy Dialogue- 2011” as part of the 5th Baku Summer Energy School has today started in Azerbaijan`s capital ...

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 ...