Azerbaijani oil and gas

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Azerbaijan reduces gas prices for Georgian filling stations

Azerbaijan reduces gas prices for Georgian filling stations

Azerbaijan reduced gas prices for the owners of filling stations in Georgia, because the gas price hasn't been revised since the oil prices started to drop. It is reported that the gas price was reduced by 35-40%. "Now there is …

 SOCAR remains key gas supplier for Georgia

SOCAR remains key gas supplier for Georgia

The Azerbaijani state oil company SOCAR has signed an agreement with the Georgian government on additional supplies of Azerbaijani gas. The four documents were signed by the President of the State Oil Company of Azerbaijan, Rovnag …

Russia and Azerbaijan sign new agreement on oil transportation

Russia and Azerbaijan sign new agreement on oil transportation

Russia and Azerbaijan signed a new agreement on oil transportation via the Baku-Novorossiysk pipeline. From the Azerbaijani side it was signed by representatives of the Azerbaijani state oil company SOCAR, and from the Russian side by representatives of …

Exxon closes its office in Azerbaijan

Exxon closes its office in Azerbaijan

The US oil and gas company Exxon South Caspian Limited has announced the liquidation of its branch in Azerbaijan. In 1999 Exxon South Caspian Limited acquired a 15% stake in the Araz-Alov-Sharg oil field, which is located 180 kilometers …

Ilham Aliyev: Azerbaijan's goal is sustainable development

Ilham Aliyev: Azerbaijan's goal is sustainable development

Today, Azerbaijan is doing everything necessary for economic development and the transition to a non-oil economic model, the President of Azerbaijan Ilham Aliyev said at the Munich Security Conference, the head of the European …

 Date of second meeting on Southern Gas Corridor announced

Date of second meeting on Southern Gas Corridor announced

The second meeting of the Advisory Council on the Southern Gas Corridor is scheduled for February 29 in Baku. The first meeting of the Southern Gas Corridor Advisory Council was held on February 12 in Baku, the Ministry of Energy of Azerbaijan …

Azerbaijan revises state budget based on $25 per barrel

Azerbaijan revises state budget based on $25 per barrel

The government of Azerbaijan has submitted a new draft state budget for the current year to the president Ilham Aliyev, Azerbaijani Finance Minister Samir Sharifov said. According to him, the base price of oil …