Azeri oil

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Azerbaijan after Haydar Aliyev

Azerbaijan after Haydar Aliyev

İlham Aliyev and his friends have literally protected the inheritance from the founding president of Azerbaijan

Czech Republic ready to receive Azerbaijani gas through SGC

Czech Republic ready to receive Azerbaijani gas through SGC

Azerbaijan and the Czech Republic have established sustainable economic relations, the Minister of Industry and Trade of the Czech Republic Jan Mladek said at the Azerbaijani-Czech business forum in Baku. Mladek noted …

Transneft suspends transportation of Azeri oil

Transneft suspends transportation of Azeri oil

Russia’s Transneft Company has suspended oil transportation from Azerbaijan to Novorossiysk port due to repair works in Makhachkala, Transneft spokesman Igor Demin said.   No information was released …

Azerbaijan to increase oil transportation through Russia

Azerbaijan to increase oil transportation through Russia

In 2017, SOCAR plans to export about 1.5 million tons of oil through Russia, while in 2016 this figure is expected to reach 1.3 million tons. Azerbaijan’s State Oil Company SOCAR and Russia’s Transneft have agreed on …

Azerbaijan confirms oil production cuts

Azerbaijan confirms oil production cuts

The oil output forecast for Azerbaijan for 2017 shows plans to reduce oil production by 35,000-42,000 barrels a day compared to current level; such plans are in …

Baku and Beijing are increasing economic cooperation

Baku and Beijing are increasing economic cooperation

Azerbaijan invites China to cooperate with local business companies, especially in the field of industry, more actively, the Deputy Economy Minister of Azerbaijan, Niyazi Safarov, said at the meeting of the Azerbaijan-China …

SOCAR President meets with Iranian Oil Minister

SOCAR President meets with Iranian Oil Minister

The President of the State Oil Company of Azerbaijan, Rovnag Abdullayev, met with Iran's Oil Minister Bijan Namdar Zanganeh today. "Zanganeh said that Iran attaches great importance …

US resumes Azerbaijani oil imports

US resumes Azerbaijani oil imports

The United States imported 2.1 million barrels of oil from Azerbaijan during the first four months of 2016, APA reportswith reference to the US Department of Energy (DOE).   In the same period of 2015, the US did not import oil …

OPEC: oil demand to grow and production to decline this year

OPEC: oil demand to grow and production to decline this year

OPEC has published a report which predicts that the oil demand is expected to grow this year and extraction in the oil-exporting countries will fall, which will create positive trends in the global oil market. World oil demand …

 Azeri Light above $52 per barrel

Azeri Light above $52 per barrel

The price of Azeri Light gained $0.28% and reached $49.65 per barrel at the New York Mercantile Exchange (NYMEX). At the same time, at trading on the London stock exchange ICE the price of Brent crude gained $0.17%, reaching $50.36 …