Oil & Gas

Azerbaijani oil prices drop on August 15

The price of the AZERI LT CIF oil, produced at the Azeri-Chirag-Gunashli block of oil and gas fields, amounted to $71.68 per barrel at the Italian port of Augusta on Aug. 15, or $2.15 less than on Aug. 14, a source in Azerbaijan's oil and gas market told Trend.
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Caspian convention to help increase gas export via TAP: expert

Convention on the Legal Status of the Caspian Sea, signed during the 5th summit of the heads of the Caspian states, may become an additional step to increasing gas exports through the Trans-Adriatic Pipeline (TAP), Deputy Director of the International Energy Policy and Diplomacy Institute of the Moscow State Institute of International Relations Igbal Guliyev told Trend Aug. 15.
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Azerbaijani oil slightly rises in price

The price of the AZERI LT CIF oil, produced at the Azeri-Chirag-Gunashli block of oil and gas fields, amounted to $73.83 per barrel at the Italian port of Augusta on Aug. 14, or $0.08 more than on Aug. 13, a source in Azerbaijan's oil and gas market told Trend Aug. 15.
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IGB talks on agreements to be signed in next few months

The priority in the implementation of the project for construction of Interconnector Greece-Bulgaria (IGB) now is the finalization of the tenders for the main contracts – line pipe supply and the engineering, procurement and construction (EPC), Teodora Georgieva, executive officer at ICGB AD joint venture company, the project’s operator, told Trend.
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Azerbaijani oil prices down on August 13

The price of the AZERI LT CIF oil, produced at the Azeri-Chirag-Gunashli block of oil and gas fields, amounted to $73.75 per barrel at the Italian port of Augusta on Aug. 13, or $0.33 less than on Aug. 10, a source in Azerbaijan's oil and gas market told Trend Aug. 14.
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Why Southern Gas Corridor got sanctions waiver by US?

The Southern Gas Corridor project, which envisages transportation of Azerbaijani gas to Europe, got sanctions waiver from the US as the latter is assessing it as a strategic project for its allies, Cyril Widdershoven, a Middle East geopolitical specialist and energy analyst, a partner at Dutch risk consultancy VEROCY and SVP MEA-Risk, told Trend.
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Petkim achieves record high profit

Net profit of Petkim Petrochemical Holding AS, where the Azerbaijani state oil company SOCAR owns a controlling stake, amounted to 356 million Turkish liras in the second quarter of this year, the Turkish media wrote referring to a statement released by Petkim.
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Azerbaijani oil prices up on August 9

The price of the AZERI LT CIF oil, produced at the Azeri-Chirag-Gunashli block of oil and gas fields, amounted to $73.42 per barrel at the Italian port of Augusta on Aug. 9, or $0.23 more than on Aug. 8, a source in Azerbaijan's oil and gas market told Trend Aug. 10.
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Azerbaijani oil prices drop on August 8

The price of the AZERI LT CIF oil, produced at the Azeri-Chirag-Gunashli block of oil and gas fields, amounted to $73.19 per barrel at the Italian port of Augusta on Aug. 8, or $2.16 less than on Aug. 7, a source in Azerbaijan's oil and gas market told Trend.
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