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 $72.73 per barrel at Italian port of Augusta on May 9, which is $1.32 less than on May 8, a source representing Azerbaijan's oil and gas market told Trend on May 10.
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Italian PM: EastMed could join TAP

EastMed pipeline, which envisages transportation of East Mediterranean resources to Greece via Cyprus and Crete, could join the Trans Adriatic Pipeline (TAP) that will deliver Azerbaijani gas to Europe, said Italian Prime Minister Giuseppe Conte.
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Is Iran going to leave OPEC?

"Gas production capacity in Iran in the current year will surpass 1 million cubic meters and we plan to complete fuel supply for industrial units in current Iranian year (starting on March 21, 2019)," Iran Oil Minister Bijan Namdar Zangeneh said, Trend reports.
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Azerbaijani oil prices keep decreasing

The price of the AZERI LT CIF oil produced at Azeri-Chirag-Gunashli block of oil and gas fields amounted to $73.36 per barrel at Italian port of Augusta on May 2, which is $1.61 less than on May 1, a source representing Azerbaijan's oil and gas market told Trend on May 3.
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BP resumes work at Central Azeri platform

Central Azeri is a production, drilling and quarters (PDQ) platform at the Azeri-Chirag-Gunashli (ACG) block of oil and gas fields, which started its operation in December 2005. Due to technical maintenance of Central Azeri, it’s work was stopped since April 15.
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