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Müəllif: Ilham Shaban

Azerbaijani oil prices: Sept. 9-13

On Sept. 9-13, the average price on AZERI LT, exported from Azerbaijan via the Ceyhan, Batumi and Supsa ports to Italian Augusta port, was $117.07…

Rising China, sinking Russia

LESS than a decade ago little doubt hung over where the newly independent states of Central Asia had to pump their huge supplies of oil…

10 ildə Azərbaycanın elektroenerji sektoruna $4 mlrd yatırılıb

Dövlətimizin daim xüsusi nəzarətində və diqqətində olan energetika sektoruna dövlət qayğısının təzahürü olaraq hazırda ölkəmiz özünü bütün növ enerji daşıyıcıları, əsasən də elektrik enerjisi ilə…

IEA predicts global oil

The International Energy Agency (IEA) predicts global oil demand growth at 1.1 million barrels per day (bpd) in 2014. According to the IEA’s report on…

SOCAR started selection of land for TANAP

The selection of land for construction of the trans-Anadolu gas pipeline (TANAP) has already started, SOCAR President Rovnag Abdullayev told journalists. He said SOCAR’s geologists…

In august 2013 average Russian gas price for Ukraine dropped to $393.5

In August 2013 Ukraine imported natural gas at the average price of $393.5 per 1000 cub.m., down $13.06 against previous month, reads the web site…

China takes the lead in oil M&A activity

When it comes to dealmaking in the global oil industry, all eyes are on the east. National oil companies – known as NOCs – from…

At the end of the year LUKoil to start drilling on Khazri field in Caspian Sea

At the end of the year LUKoil will begin drilling on Khazri field in the Caspian Sea, LUKoil President Vagit Alekperov told Interfax. He added…

Next steps within TAP implementation named

The next important milestone for the realization of the Trans Adriatic Pipeline (TAP) project envisaging gas supply from the Caspian basin to Europe will be…

Italian Snam denies reports about its interests in TAP project

Italian gas transport group Snam denied the reports about its interests in the Trans Adriatic Pipeline (TAP) project, Reuters reported with the reference to the…

On financing SOCAR refinery project in Turkey

The process of organization of funding for the construction of the Aegean refinery of the State Oil Company of Azerbaijan (SOCAR) in the Turkish port…

Pragmatic cooperation

The latest visit of Russian Federation President Vladimir Putin to Baku not only paved the ground for renewed relations in the political sphere, but also…

Crude Advances as Obama Seeks Support on Syria

West Texas Intermediate crude advanced as U.S. President Barack Obama sought support in Congress for a military strike on Syria, bolstering concern that oil shipments…

New oil field discovered in Turkey

The new oil resources were discovered in Kozluk region, Turkish province of Batman, on Ipek-1 well, reported Kamuoyunu Aydınlatma Platformu (KAP), Turkish state public enlightenment…

TAP project gives the final answer to the energy problem in Albania says PM

Albania’s Premier Berisha received the delegation of high-level Trans Adriatic Pipeline Consortium-TAP headed by General Manager Mr. Kjetil Tungland and External Relations Director Mr. Michael…

Nigeria’s oil industry

What a pity oil refineries cannot be disassembled, packed, and shipped. Dangote Industries, the Nigerian conglomerate, could then save a big chunk of the $9bn…

During 8 months, 2013 Russia increased oil production by 0.8%

During 8 months, 2013 oil production in Russia increased by 0.8% against the same period last year and totaled 346,925,000 tons, according to the Central…

Azerbaijan achieved great success in energy sphere

Energy security has become a very important issue in the world, and Azerbaijan has achieved great successes in this sphere, the Deputy Head of the…

Assets of Azerbaijani State Oil Fund equal to half of country’s GDP

The Azerbaijani State Oil Fund is one of the components of the country’s oil strategy, Executive Director of the State Oil Fund Shahmar Movsumov said…

Tour aims to boost energy cooperation

President Xi Jinping’s upcoming tour of four Central Asian nations will further strengthen cooperation in the region, particularly in the energy sector, experts said. The…

Azerbaijan provides almost one third of Georgia’s oil products imports

Georgia imported around 146,660 tons of oil products from January to July 2013, which amounted to $135.36 million, GruzStat (Georgian National Statistical Service) reported. In…

Why small producer Syria matters to oil markets

Oil prices rose to a six-month high on Tuesday as Western powers readied a military strike against Syria, and traders and analysts cited concerns over…

After Nabucco-West failure Romania starts work on gas pipeline to the Moldova

Romania and its neighbor the Republic of Moldova recently started work on the gas pipeline connecting the Romanian city of Iasi to the Moldavian Ungheni….

Georgia looks to revive its oil industry

Georgia’s oil production may be miniscule compared with that of neighbouring Azerbaijan, but a series of multi-million-dollar deals for exploration could tap into new reserves…

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