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OPEC to No Longer Reduce Extraction of Raw Materials

All quotas of the OPEC countries and non-cartel countries remain at the same level, Azerbaijani Energy Minister Natig Aliyev told journalists in Vienna 25 May….

Natig Aliyev to Attend Meeting of OPEC

The Energy Minister of Azerbaijan Natig Aliyev will take part in the meeting of OPEC member countries and countries outside the cartel in Vienna on…

Barriers Constantly Appear on TAP’s Way

The newspaper claims that according to the most conservative forecasts, the construction of the Albanian section of the gas pipeline has been suspended for a…

Azerbaijan Finances Its Share of $6.6 Bn within Southern Gas Corridor

To date, Azerbaijan has invested $ 6.6 billion to finance its stake in the Stage-2 project for the development of the Shah Deniz gas condensate…

Turkish Petkim Increased Its Net Profit by 2.4 Times in Q1

The net profit of the Turkish petrochemical holding Petkim in the first quarter of 2017 compared with the same period in 2016 increased by 2.4…

First test gas will be pumped into TANAP in January

First test gas into the Trans-Anatolian Pipeline (TANAP), which will transport Azerbaijani gas to Turkey and then to Europe, will be pumped in January, 2018….

Vice-President of Bulgaria on Azerbaijani Gas

The main task of the European energy policy is security, competitiveness and sustainable development. This statement was made by the Vice-President of Bulgaria Iliana Yotova…

Uzbekistan starts construction of new refinery worth $2.2B

Uzbekistan has started construction of an oil refinery which will operate using the crude imported from Kazakhstan and Russia, the Uzbekistan National News Agency (UzA)…

OPEC and non-OPEC to Reduce Oil Production Again

The OPEC and non-OPEC countries fulfilled the agreement on the reduction of oil production by 98% in March, the cartel press release said. OPEC notes…

China Imported Most Expensive Oil from Azerbaijan in Q1

In the first quarter, China bought oil most expensively from Azerbaijan – at $ 436.7 per ton China in January-March 2017 increased oil imports by…

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