Baku to host 5th Caspian Oil & Gas Trading & Transportation Conference

15.04.2011 [11:47]
The 5th Caspian Oil and Gas Trading and Transportation conference will be held in Azerbaijan`s capital on April 18-19. The aim of the conference organized by ...

Catalytic cracking unit commissioned after overhaul

14.04.2011 [21:31]
A catalytic cracking unit # 55 was commissioned at the Heydar Aliyev Oil Refinery after overhauls. The mentioned installation is the plant`s largest and most ...

New wells drilled by Absheron Drilling Works Office

13.04.2011 [21:03]
Absheron Drilling Works Office of Complex Drilling Works Trust has started drilling the well # 1077 on Pirallahy field. The projected depth of the well drilled to Girmaki Suite by Absheronneft OGDP is 770 m ...

Crude Oil Rises For the First Time in Three Days Before U.S. Supply Report

13.04.2011 [18:10]
Oil rose for the first time in three days before an Energy Department report forecast to show that gasoline supplies declined for an eighth week in the U.S., the world`s largest crude consumer ...

'We should effectively use our rich gas resources', President Ilham Aliyev

13.04.2011 [17:32]
“Works in oil-gas sector are in progress. Azerbaijan expands its potential and provides gas for all regions of the country. Almost every week one country is supplied with gas. All infrastructures are reconstructed, and ...

Presentation on ecological impacts of Egey oil refinery held in Izmir

13.04.2011 [14:57]
According to the press service of SOCAR, a presentation on ecological and social impacts of Egey oil refinery, which SOCAR-TURCAS group is going to construct in Aliaga district of Izmir was held ...

One more filling station opened in Tbilisi

12.04.2011 [18:33]
SOCAR Georgia Petroleum has commissioned one more filling station in Tbilisi. A new petrol station was built in the residential area of Gldani ...

SOCAR`s budget payment for March

12.04.2011 [18:13]
SOCAR paid AZN 75.338 million to the State Budget for March of the current year. For January-March 2011, SOCAR transferred AZN 260.172 million to the ...

Azeri Light crude sells for $126.68

11.04.2011 [15:02]
A barrel of Azeri Light crude oil sold for $126.68 in the world markets. The price for one barrel of American Light sweet crude ...

Caspian Oil & Gas exhibition wins Brand Award Azerbaijan 2010

09.04.2011 [14:06]
A Brand Award Azerbaijan 2010 has been given to the International Caspian Oil & Gas Exhibition & Conference Incorporating Refining and Petrochemicals ...

Oil prices keep on rising in world market

08.04.2011 [17:55]
The oil price has continued to rise in the world market owing to the recent earthquake in Japan. On the New York Stock Exchange ...

Oil price rises in world market

04.04.2011 [19:17]
The price of oil has continued to rise in the world market. Ahead of the New York day, the front-month May Brent contract on London`s ICE futures exchange was up 56 ...

Crude oil export for March

04.04.2011 [19:03]
SOCAR Marketing and Economic Operations Department exported 243,863 tons of crude oil from the Novorossiysk Port; some 311,632 tons of crude from ...

Azerbaijan, Iran discuss increasing Azerbaijani natural gas export

04.04.2011 [16:00]
Construction of Astara gas compressor station was completed successfully, has exploited by State Committee. Negotiations are continuing on the issue ...

SOCAR to open 300 filling stations in Romania

04.04.2011 [12:40]
The State Oil Company of Azerbaijan (SOCAR) is planning to open about 300 petrol stations in Romania within 2-3 years ...

Corrosion protection project of wharves started at Kulevi Oil Terminal

30.03.2011 [20:06]
A corrosion protection project of wharves has started at Kulevi Oil Terminal. Implementation of such a project is caused by probability of corrosion of steel sheet piles ...

New well commissioned at “Oil Rocks”

30.03.2011 [19:45]
Recently Oil Rocks Offshore Drilling Works Office of Complex Drilling Works Trust has completed drilling works of the well # 2444 from the platform ...

Oil prices rise in world markets

30.03.2011 [16:30]
Oil prices have again jumped up in the world markets, with a barrel of Azeri Light crude trading for $119.71. On the New York Stock Exchange NYMEX cost of the ...

Oil price falls as Libyan rebels make gains

29.03.2011 [18:19]
Oil fell sharply today as rebels made gains in Libya, raising hopes that the country could resume oil shipments in the near future ...