Oil & Gas

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 $70.95 per barrel at Italian port of Augusta on May 24, which is $0.05 more than on May 23, a source in Azerbaijan's oil and gas market told Trend on May 27.
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US calls on Turkmenistan to join Southern Gas Corridor

The US Department of State positively assesses the signing of the Convention on the Status of the Caspian Sea last year and urges Turkmenistan to take advantage of the agreements reached by the Caspian states to join the Southern Gas Corridor (SGC), which will give this country positive impetus for development, Deputy Assistant Secretary for the Energy Diplomacy of the Department of State Bureau of Energy Resources Sandra Oudkirk told RIA Novosti on the sidelines of the Caspian Forum, Trendreports.
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Azerbaijani oil prices decline

The price of the AZERI LT CIF oil produced at Azeri-Chirag-Gunashli block of oil and gas fields amounted to $70.9 per barrel at Italian port of Augusta on May 23, which is $3.3 less than on May 22, a source representing Azerbaijan's oil and gas market told Trend.
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Working group for EIT report preparation created in Azerbaijan

On May 21, 2019 the Extractive Industries Transparency Commission (EITC), composed of newly appointed members under the decree of the president of the Republic of Azerbaijan dated May 3, 2019, held its first meeting at the State Oil Fund of the Republic of Azerbaijan (SOFAZ) with the participation of representatives of civil society, extractive companies operating in Azerbaijan and international organizations, Trend reports referring to SOFAZ website.
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SOCAR to keep investing in Turkish economy

SOCAR's (State Oil Company of Azerbaijan) Star Oil Refinery, which is Turkey's first special industrial zone having a potential to make a significant contribution to the diversification of SOCAR's assets, is the main component in the strategic development course of SOCAR.
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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 $75.53 per barrel at Italian port of Augusta on May 20, which is $0.44 less than on May 17, a source representing 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 $75.97 per barrel at Italian port of Augusta on May 17, which is $0.73 less than on May 16, a source representing Azerbaijan's oil and gas market told Trend.
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