AZERBAIJAN STATE
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The State Oil Company of Azerbaijan Republic (SOCAR) exported 1,298,800 tons of oil through the Baku-Novorossiysk pipeline in 2018, according to the Energy Ministry. The Baku-Novorossiysk oil pipeline in northern direction is 1,330 km long. Diameter ...

Oil & gas 2019-01-20 15:21:00

Azerbaijan exported more than 2.5 billion cubic meters of natural gas to Georgia in 2018, according to the Ministry of Energy. More than 1.1 billion cubic meters of gas was pumped through the Baku-Tbilisi-Erzurum pipeline, while 1.39 billion cubic meters of gas was transported ...

Oil & gas 2019-01-19 17:39:00

Global oil supply fell by 950 thousand barrels per day (kb/d) in December, led by lower OPEC output with 100.6 million barrels per day (mb/d) ahead of new supply cuts, according to data of the International Energy Agency (IEA) ...

Oil & gas 2019-01-19 11:54:00

Oil prices have risen on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil increased $1.52 to trade at $62.70, while the price of Light crude oil at the NYMEX (New York Mercantile Exchange) rose $1.73 ...

Oil & gas 2019-01-19 10:55:00

“The Joint OPEC and non-OPEC Ministerial Monitoring Committee (JMMC), as well as the Joint Technical Committee will convene on 17-18 March in Baku,” the OPEC Secretary General Mohammad Barkindo has told AZERTAC in an exclusive interview ...

Oil & gas 2019-01-18 14:42:00

On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil increased $0.68 to trade at $61.86, while the price of Light crude at the NYMEX (New York Mercantile Exchange) rose $0.65 to stand at $52.72 on world ...

Oil & gas 2019-01-18 11:17:00

The price of Azerbaijani oil has decreased on the world markets. The price of a barrel of Azeri Light crude oil fell $0.14 to stand at $62.61. ...

Oil & gas 2019-01-18 10:54:00

In 2018, Azerbaijan has exported about 29 million 498 thousand 337 tons of crude oil and oil products worth $15 billion 719 million 482 thousand, according to the State Customs Committee (SCC) ...

Oil & gas 2019-01-18 10:25:00

“More than 70 percent of the construction of compressor stations of Trans-Adriatic Pipeline (TAP) in Greece and in Albania has been completed,” head of Communications at TAP Lisa Givert has told AZERTAC in an exclusive interview ...

Oil & gas 2019-01-17 12:48:00

The price of Azerbaijani oil has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $1.23 to stand at $62.75 ...

Oil & gas 2019-01-17 11:52:00

On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil decreased $0.35 to trade at $60.97, while the price of Light crude at the NYMEX (New York Mercantile Exchange) fell $0.36 to stand at $51.95 on world markets ...

Oil & gas 2019-01-17 10:48:00

The Southern Gas Corridor will be discussed at the European Gas Conference 2019 in Vienna, Austria on January 28-30. The conference will focus on the topics titled “TAP and TANAP: Getting ready to receive gas” and “Developments of the Southern ...

Oil & gas 2019-01-16 15:34:00

The price of Azerbaijani oil has decreased on the world markets. The price of a barrel of Azeri Light crude oil fell $0.59 to stand at $61.52. ...

Oil & gas 2019-01-16 11:46:00

Oil prices have risen on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil increased $0.10 to trade at $60.74, while the price of Light crude at the NYMEX (New York Mercantile Exchange) rose $0.06 to ...

Oil & gas 2019-01-16 10:46:00

The energy ministers from seven Eastern Mediterranean countries declared on Monday in Cairo the establishment of the East Mediterranean Gas Forum (EMGF), which includes Egypt, Cyprus, Greece, Italy, Israel, Jordan and Palestine, to boost the gas market in the region, a statement by the Egyptian petroleum ministry read, according ...

Oil & gas 2019-01-15 14:45:00

The investment cost of the joint project of the Azerbaijani State Oil Company SOCAR and the British company BP for the construction of a petrochemical complex in Turkey will be approximately $1.5-2 billion, General Director of SOCAR Turkey ...

Oil & gas 2019-01-15 11:42:00

The price of Azerbaijani oil has decreased on the world markets. The price of a barrel of Azeri Light crude oil fell $0.47 to stand at $62.11. ...

Oil & gas 2019-01-15 11:17:00

On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil increased $0.87 to trade at $59.86, while the price of Light crude at the NYMEX (New York Mercantile Exchange) rose $0.75 to stand at $51.26 on world ...

Oil & gas 2019-01-15 10:58:00

The Fifth Ministerial Meeting of the Southern Gas Corridor (SGC) Advisory Council will take place in Baku on February 20, spokeswoman of Azerbaijan`s Energy Ministry Zamina Aliyeva told AZERTAC. The meeting will be attended by representatives from the Southern ...

Oil & gas 2019-01-14 19:58:00

UAE Minister of Energy and Industry Suhail Al Mazrouei emphasized that Russia has played a significant role in the oil market balance through its exemplary commitment to the production reduction agreement with the Organisation of Petroleum Exporting Countries ...

Oil & gas 2019-01-14 17:17:00