Oil & Gas

Azerbaijani oil prices down

The price of the AZERI LT CIF oil produced at Azeri-Chirag-Gunashli block of oil and gas fields amounted to $65.51 per barrel at Italian port of Augusta on June 24, which is $1.25 less than on June 21, a source in Azerbaijan's oil and gas market told Trend.
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Oil prices climb as U.S.-Iran tensions mount

Oil prices rose on Monday to extend gains from last week, bolstered as tensions remain high between Iran and the United States after U.S. Secretary of State Mike Pompeo said “significant” sanctions would be announced on Tehran, reports Trend citing to Reuters.
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Azerbaijan stands for extension of OPEC+ deal

Azerbaijan considers it necessary to extend the OPEC + deal, and under the same conditions, Azerbaijan’s Energy Minister Parviz Shahbazov told reporters on the sidelines of the Future Leaders Forum of the World Petroleum Council in St. Petersburg, Trend reports with reference to TASS news agency.
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Azerbaijani oil prices up

The price of the AZERI LT CIF oil produced at Azeri-Chirag-Gunashli block of oil and gas fields amounted to $66.76 per barrel at Italian port of Augusta on June 21, which is $1.05 more than on June 20, a source in Azerbaijan's oil and gas market told Trend.
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Azerbaijani oil prices down

The price of the AZERI LT CIF oil produced at Azeri-Chirag-Gunashli block of oil and gas fields amounted to $63.47 per barrel at Italian port of Augusta on June 19, which is $0.64 less than on June 18, a source in Azerbaijan's oil and gas market told Trend.
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Modernization underway at Baku Oil Refinery

Heydar Aliyev Baku Oil Refinery, which processes 21 out of 24 grades of Azerbaijan crude oil and 15 different petroleum products, including automotive gasoline, aviation kerosene, diesel fuel, black oil, petroleum coke, etc., is currently being modernized and reconstructed.
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Azerbaijani oil prices up

The price of the AZERI LT CIF oil produced at Azeri-Chirag-Gunashli block of oil and gas fields amounted to $64.11 per barrel at Italian port of Augusta on June 18, which is $0.76 more than on June 17, a source in Azerbaijan's oil and gas market told Trend.
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Head of SOCAR Turkiye Dogalgaz Yatirim appointed

SOCAR Turkiye Dogalgaz Yatirim company has been established after SOCAR Turkey acquired EWE Turkey Holding’s gas assets Bursagaz, Kayserigaz, Enervis, EWE Enerji and telecommunications company Millenicom, and head of the company has been appointed, Trend reports citing Turkish media.
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Azerbaijani oil prices down

The price of the AZERI LT CIF oil produced at Azeri-Chirag-Gunashli block of oil and gas fields amounted to $63.35 per barrel at Italian port of Augusta on June 17, which is $0.86 less than on June 14, a source in Azerbaijan's oil and gas market told Trend.
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Gas from Shah Deniz field reaches Europe

Gas extracted in the Azerbaijani section of the Caspian Sea by international consortium led by BP as part of the Shah Deniz Stage 2 project has reached, along the Trans-Anatolian Natural Gas Pipeline (TANAP), the borders of Turkey with Greece, Azerbaijan’s state oil company SOCAR has said in a message.
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