‘The issue of keeping oil extraction at a stable level is very important to us’

27.04.2011 [23:13]
“The issue of keeping oil extraction at a stable level is very important to us. As you know, international companies operating in Azerbaijan are making great ...

Crude Oil Advances as European, U.K. Economic Data Boost Demand Optimism

27.04.2011 [17:00]
Crude climbed after European economic data indicated demand may be recovering in the region, easing concern that oil prices near their highest in more than two years may be hurting growth ...

Crude fluctuates on U.S. consumer confidence report, Saudi Price Concern

26.04.2011 [22:24]
Oil fluctuated as U.S. consumer confidence increased more than forecast in April, a sign demand may improve, and after the head of Saudi Arabia`s national oil ...

Oil price increases again in world markets

25.04.2011 [18:58]
Crude oil gained for a fourth day in New York, the longest rising streak since December, as escalating violence in the Middle East and Africa threatened to prolong supply disruptions ...

Azerbaijan to invest USD26b in foreign property

25.04.2011 [12:05]
Azerbaijan`s oil fund`s executive director, Shakhmar Movsumov, said that this year, the oil producing country would invest in publicly traded shares and property with cash from its USD26 billion daily ...

Oil prices fall in world markets

23.04.2011 [19:26]
On the New York Stock Exchange NYMEX (New York Merchantile Exchange) cost of the US Light crude oil has fallen $0.19 to stand at $112.29 ...

Azeri Light crude sells for $127.41

22.04.2011 [20:25]
A barrel of Azeri Light crude oil sold for $ 127.41 in the world markets. The price for one barrel of American Light sweet crude ...

New well drilled at Oil Rocks field

22.04.2011 [17:26]
The drilling of the fourth well from the platform #2521 was started at Oil Rocks field. The project depth of the well #2524 drilled to Gala Suite by Oil Rocks Offshore ...

Two wells commissioned at “Darvin Bankasy” field

22.04.2011 [17:25]
Two wells from the platform #660 have been commissioned at “Darvin Bankasy” field. The production of the well #658 drilled to Girmaki Suite ...

Crude Trades Near 10-Day High on Improving Outlook for Global Fuel Demand

21.04.2011 [18:31]
Oil prices have again jumped up in the world markets, with a barrel of Azeri Light crude trading for $127.41. Oil traded near its highest price in 10 days in New York ...

Gulf of Mexico oil spill: BP sues Transocean for $40bn

21.04.2011 [13:16]
BP is suing Transocean, the owner of the oil rig that exploded in the Gulf of Mexico last year, for $40bn (£24.37bn) in damages, according to BBC. BP said safety systems on ...

Roland Kobia: Azerbaijan natural gas reserves are not limited to second output phase of gas from Azeri Shakh-Deniz field

20.04.2011 [17:42]
“Azerbaijan has huge gas deposits. Azerbaijan plays major role in South Gas Corridor project, its natural gas reserves are not limited to second output phase of gas ...

Azerbaijan State Oil Fund`s revenues and expenditures for January-March 2011

19.04.2011 [21:29]
Budget revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for the period of January-March, 2011 reached 3 259.6 million manats, while budget ...

SOCAR Vice-President Khoshbakht Yusifzadeh: Azerbaijan is able to supply Nabucco with gas alone

19.04.2011 [20:34]
“The volume of Azerbaijan`s gas resources enables the realization of the Nabucco project without a participation of other Caspian states”, First Vice ...

New insurance policy at Kulevi Black Sea Terminal

19.04.2011 [20:13]
Main social programs are carried out at Kulevi Black Sea Terminal that attaches big importance to social issues of its staff. Along with medical insurance of the ...

Oil prices continue to fall in world market

19.04.2011 [16:35]
Crude oil prices dropped sharply Monday, falling under $108 per barrel after Saudi Arabia said it had cut production in March. Daily Finance reported Saudi Arabian ...

‘Role of Caspian energy recourses will increase in ensuring energy security of Europe’

18.04.2011 [18:00]
The role of Caspian energy recourses will increase in ensuring energy security of Europe, former Prime Minister of the Czech Republic, Mirek Topolánek said ...

Crude lower toward $109/bbl after 3-day gains

18.04.2011 [15:37]
U.S. crude futures headed lower on Monday towards $109 a barrel, after three days of gains, despite comments by Saudi Arabia ...

Caspian Oil and Gas Trading and Transportation conference kicks off in Baku

18.04.2011 [13:18]
The Fifth Caspian Oil and Gas Trading and Transportation conference has started today in Baku. Organized by Confidence Capital (Great Britain) in partnership with Azerbaijan State ...