Azeri Light crude sells for $118.47

26.05.2011 [12:17]
Oil prices have again jumped up in the world markets, with a barrel of Azeri Light crude trading for $118.47. On the New York ...

Turkmenistan hosts 2nd International gas congress and international exhibition

25.05.2011 [17:04]
The second International gas congress and international exhibition has started today in Turkmenistan. Representatives of 160 international ...

Run-up for construction of oil refinery underway in Turkey

25.05.2011 [14:16]
“Run-up for the construction of oil refinery in Turkey is underway”, President of SOCAR Rovnag Abdullayev told journalists. “The initial projects are ready”, Abdullayev added. The launching ...

Oil prices fall in world markets

24.05.2011 [12:08]
On the New York Stock Exchange NYMEX (New York Merchantile Exchange) cost of the US Light crude oil has fallen $2.20 to stand at $97.90 ...

SAM to attend CIS oil-gas annual summit

23.05.2011 [18:08]
On May 25-27, the annual (XI) oil-gas summit of the CIS countries will take place in Paris, the Strategic Research Center (SAM) under the President ...

Azeri Light crude sells for $114.75

23.05.2011 [16:18]
Oil prices have again jumped up in the world markets, with a barrel of Azeri Light crude trading for $114.75. On the New York Merchantile ...

Drilling operations under way in Shahdeniz field

23.05.2011 [14:32]
Shah Deniz full field development (FFD) is a giant project that is designed to bring gas from Azerbaijan to Europe and Turkey increasing gas supply and energy ...

Ukraine launches Azerbaijani oil pumping

22.05.2011 [15:14]
Ukrtransnafta has launched pumping Azeri Light oil through the Odessa-Brody pipeline in the designed averse direction for the refineries in the West Ukraine ...

Six COP wells planned to be delivered in 2011

21.05.2011 [21:20]
According to the BP-Azerbaijan, The Chirag Oil Project (COP) pre-drilling program programme which commenced in April 2010 has continued this year ...

Azeri Light crude sells for $117

21.05.2011 [13:42]
Oil prices have again jumped up in the world markets, with a barrel of Azeri Light crude trading for $117. On the New York Merchantile ...

SOCAR and Austrian OMV company sign MOU

21.05.2011 [12:39]
Chief of Azerbaijan State Oil Company (SOCAR) Rovnag Abdullayev and executive director of the Austrian OMV Company Gerhard Roysun have ...

Oil prices fall in world markets

20.05.2011 [16:38]
On the New York Stock Exchange NYMEX (New York Merchantile Exchange) cost of the US Light crude oil has fallen $1.17 to stand at $98.93 ...

Producer wells being drilled from East Azeri and Deepwater Guneshli platforms

19.05.2011 [21:28]
During the first quarter of 2011, from the East Azeri platform, BP-Azerbaijan completed drilling activities on D-19 producer well which was started in September ...

Shahdeniz project expends $47.9m in 2011

19.05.2011 [20:58]
In the first quarter of 2011 Shah Deniz project spent $ 47.9 million in operating expenditure and $125.8 million in capital expenditure ...

Oil price increases in world market

19.05.2011 [15:24]
Oil traded near the highest in more than a week in New York after a government report showed an unexpected drop in U.S. crude ...

Sangachal terminal exports some 78 mln barrels of crude

18.05.2011 [17:49]
During the first quarter of 2011, oil and gas from Azeri-Chirag-Guneshli and Shah Deniz continued to flow via subsea pipelines to the Sangachal terminal ...

South Caucasus Pipeline expends $2.1 million in capex

18.05.2011 [17:48]
During the first quarter of 2011 South Caucasus Pipeline (SCP) project spent $2.1 million in capital expenditures ...

EBRD and Lukoil complete financing of first stage of Shahdaniz gas field

18.05.2011 [16:33]
Russia`s Lukoil and the European Bank for Reconstruction and Development (EBRD) announced full completion of financing for the Azerbaijan`s Shahdaniz field, the largest offshore ...

New well commissioned at Gunashli field

17.05.2011 [18:15]
The well #421 drilled from the platform #6 at Gunashli field has been commissioned recently. It was drilled by Bayil Limany Offshore Exploration Drilling Office of ...