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Azerbaijan
Gas Pipeline
BP Rakes in $1 Billion From Sale of Partial Stake in Pipeline Carrying Gas From Field off Azerbaijan
UK-headquartered energy giant BP has struck a deal with Apollo-managed funds to divest a minor non-controlling stake in BP Pipelines (TANAP), the firm’s s…
Oil&Gas Drilling
BP Plans to Explore for New Oil in Azeri Caspian Sea
BP (BP.L), plans to explore for new oil fields in the Azeri Caspian Sea, BP's upstream chief Gordon Birrell told.Logo of British Petrol BP is seen at petrol…
Power Construction
Iran Allocates Major Funds for New Substation in Tabriz
Iran is allocating a significant investment of around 35 trillion rials (about $61.4 million) for the construction of a 400-kilovolt substation in Tabriz, locat…
Wind Power Project
Windeurope Talks on Ways of Supporting Azerbaijan in Wind Energy
WindEurope will support Azerbaijan as it looks to expand its wind energy potential, Phil Cole, Director of Industrial Affairs at WindEurope, Belgium."Following …
Crude Oil
SOCAR Announces Expected Volume of Euro-5 Gasoline Output in Azerbaijan in 2025
This year, the Heydar Aliyev Oil Refinery is projected to produce 1.7 million tons of Euro-5 standard gasoline, according to the State Oil Company of Azerbaijan…
Oil Price
Azerbaijani Oil Prices Take Nosedive
The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian port of Augusta decreased by $0.53 on January 21 compared to the previous ra…
Natural Gas
BP Flips Gas Production Switch Back on at Giant Platform off Azerbaijan
Shah Deniz Alpha platform;UK-headquartered energy giant BP has restarted production from a platform in the Caspian Sea at one of the world’s largest gas-c…
Oil Price
Azerbaijani Oil Moves Upwards in Price
The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian port of Augusta grew by $1.22 on January 15 compared to the previous rate, r…
Offshore Wind Power
Masdar, SOCAR and ACWA Power to Develop Offshore Wind in Azerbaijan
The parties will adhere to a corporation roadmap outlining crucial development milestones for Azerbaijan’s offshore wind sector.The Abu Dhabi future energ…
Oil Price
Azerbaijani Oil Prices Decrease
The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian port of Augusta decreased by $0.97 on January 14 compared to the previous ra…
Oil Price
Azerbaijani Oil Price Surpasses $84
A barrel of Azeri Light crude rose by $2.67, or 3.51 %, reaching $84.53 on Tuesday.The lowest price ever recorded for Azeri Light was $15.81 per barrel on April…
Oil & Gas Trade
Azerbaijan to Resume Gas Export to Serbia Soon
Azerbaijan will resume export of gas to Serbia in the near future.Serbian President Aleksandar Vucic said at a press conference earlier that supplies of gas fro…
Oil Price
Price of Azerbaijani Oil Takes Nosedive
The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian port of Augusta decreased by 91 cents on January 8 compared to the previous …
Oil Price
Azerbaijani Oil Approaches $80 Per Barrel
The price of a barrel of Azeri Light crude rose by $0.15, or 0.19%, settling at $79.63.Azeri Light crude oil reached its lowest level on April 21, 2020, at $15.…
Oil Price
Azerbaijani Oil Prices Increase
The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian port of Augusta rose by $0.48 on January 6 compared to the previous rate, re…
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