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Category: Azerbaijan

WB to render technical assistance to Azerbaijani State Oil Fund

The meeting of the Multi-stakeholder Group (MSG) on implementation of the Extractive Industries Transparency Initiative (EITI) in Azerbaijan was held on December 20, 2016 at…

Why So Many Oilmen Killed in Narimanov Oil and Gas Extracting Department?

Yesterday at 5 a.m. as a result of an accident at the oil gathering station №3 of the Oil and Gas Extracting Department (OGED) named…

Accident in Caspian Sea: 10 people missing

Ten people went missing as a result of an accident at the oil-gathering station #3 of the department on oil and gas output of AzNeft…

SOCAR attends 21st Turkmenistan International Oil & Gas Conference

SOCAR attended the annual 21st Turkmenistan International Oil & Gas Conference- Exhibition OGT 2016. According to the press service of SOCAR, the delegation led by…

Azerbaijan to cut oil production by 35.000 barrels per day

Azerbaijan to cut oil production by 35.000 barrels per day, Azerbaijan’s Energy Ministry told Trend. OPEC has persuaded 11 non-member countries to cut their oil…

Georgia Announced Imports of Electricity from Azerbaijan in 2017

The Ministry of Energy of Georgia has approved the balance of power in the country in 2017, according to which it is planned to increase…

Azerbaijan Expects US Support to Overcome Problems in Construction of TAP

Azerbaijan is counting on US political support for the Southern Gas Corridor (SGC) project to avoid political difficulties with the construction of the Trans-Adriatic Pipeline…

American Company Closes Office in Baku

The company Champion Technologies Russia & Caspian BV, an affiliate of the American petrochemical company Champion Technologies, has announced the elimination of its representative office…

Azerenergy Drowning in Debt – Fitch

The international rating agency Fitch has affirmed long-term issuer default rating (IDR) of Azerenergy at the level of «BB +», short-term IDR – at «B»,…

What Azerbaijan Plans To Do When The Oil Runs Out

Wade Shepard ,  Contributor I travel to emerging markets around Asia and report on what I find Azerbaijan has read the writing on the wall:…

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