Executive Director of Azerbaijan`s State Oil Fund (SOFAZ) Shahmar Movsumov has today met Lord Mayor of the City of London Alderman Ian Luder. Movsumov spoke of the fund`s activities. Luder praised SOFAZ`s successes in applying ...

Azerbaijan negotiates with a number of countries over the natural gas produced in the Azerbaijani sector of the Caspian Sea. The International interest in Azerbaijan`s natural gas sector is increasing day by day. So, the countries as Russia, Iran, Syria and a number of European ...

Azerbaijan`s State Oil Company, SOCAR, and Kazakh national oil and gas company, KazMunayGaz, have agreed to establish a joint firm to deal with a project to build the Trans-Caspian oil pipeline. The project is estimated at 3 billion US dollars ...

Oil export from the Ceyhan terminal was 3 million tons in June, according to the SOCAR. The volume of oil exported has totaled 85.9 million tons since the commissioning of the BTC pipeline ...

Azerbaijan exported 3.3 million tons of oil in June, according to the country`s state oil firm, SOCAR. According to official figures, a total of 17.7 million tons of Azeri oil were transported via the ...

Turkish Energy and Natural Resources Minister Taner Yildiz and President of SOCAR Rovnag Abdullayev made a press-conference on the outcomes of their meeting in ...

SOCAR put into operation a new platform, numbered 2415 at the Oil Rocks field. The platform was installed at the water depth of 23 meters to drill 12 wells. This new platform is provided with the state-of-the-art equipment and ...

Azerbaijan produced 793,960,082 cubic meters of gas in June, according to the country`s state oil firm, SOCAR. Over 60 percent of the total volume of the gas produced was extracted by SOCAR, while the rest nearly 40 percent by the Azerbaijan ...

Azerbaijan is going to bring the natural gas price for Turkey on par with that of this country`s domestic market. According to SOCAR`s department chief Vagif Aliyev, Turkey`s domestic price is equal to that of the European one and Azerbaijan tries to maintain price ...

Oil export from Ceyhan terminal was 3.5 million tons in May, according to the SOCAR. The volume of oil exported has totaled 82.9 million tons since the commissioning of the BTC pipeline ...

Azerbaijan`s State Oil Company, SOCAR, said, 3.3 million tons of Azeri oil were transported via the Baku-Tbilisi-Ceyhan pipeline after Heydar Aliyev in May, 2009. According to official figures, the volume of oil the pipeline transported since the beginning ...

Oil transportation via BTC main export pipeline was 3.3 million tons in May and 14.4 million during January-May, SOCAR reported. In total, BTC has transported 84.8 million tons of oil since the start-up ...

Azerbaijan`s Minister of Industry and Energy Natig Aliyev has signed the statute of the International Renewable Energy Agency (IRENA), making the country the organization`s 96th member state ...

Oil prices rose above $71 per barrel in the world markets. A barrel of Light oil sold for $ 71.33 in New York market, while British Brent oil traded at $ 70.80 in London market ...

SOCAR exported 224.452 tons of crude oil from Novorossiysk port in May 2009, the Company`s Marketing and Operations Department said. Crude export via Novorossiysk port came to 1.057.977 tons in January-May, 2009. In May, 1 barrel Brent crude cost ...

Azerbaijan produced 881,665,147 cubic meters of gas last month, according to the country`s state oil firm, SOCAR. Over 60 percent of the total volume of the gas produced was extracted by SOCAR, while the rest nearly 40 percent by the Azerbaijan ...

Azerbaijan will produce 27 billion cubic meters of gas this year, according to Elshad Nasirov, vice-president of the country`s state oil firm, SOCAR. “Some 8 billion cubic meters of this amount will go on export,” said Nasirov ...

On the sidelines of the 13th international economic forum in Saint Petersburg, President of the State Oil Company of Azerbaijan Rovnag Abdullayev met with Chairman of the Gazprom`s Board Alexey Miller. The sides hailed cooperation on Gazprom`s ...

The Russian “Rostranmash-trade” Company is keen to launch representation in Baku to expand its activity, Company`s official Alexander Shusharin said. Pointing out to the cooperation, Shusharin said ...