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The Press Conference dedicated to the opening of the TransCaspian, Road&Traffic...

The press conference dedicated to the opening of the 16th Caspian International Transport, Transit and Logistics, 7th Caspian International Road Infrastructure and Public Transport...

Iran’s 4-year oil revenues reach $157B

Iran’s oil revenues from March 2013 to March 2017, which covers Hassan Rouhani’s presidency, have reached $157 billion, said Mohammad Bagher Nobakht, head of...

Azerbaijani oil & gas projects significant for foreigners despite price fluctuations

Fluctuations in oil prices don’t affect the interest of foreign investors in the oil and gas sector of Azerbaijan, said Vitaliy Baylarbayov, deputy vice-president...

2017 plans on “Bahar” and “Gum Deniz” fields announced

“Greenfields Petroleum Corporation” has presented 2017 year’s expenditures on "Bahar" and "Gum Deniz" fields to the State Oil Company of Azerbaijan Republic (SOCAR). Report informs...

Construction of TAP’s offshore section to start in 2018

he laying of the first stone of the Trans Adriatic Pipeline’s (TAP) offshore section is scheduled for 2018, a source in Italy’s Saipem SpA...

Oil edges up after six days of straight losses

Oil prices inched up on Monday but markets remain under pressure following six consecutive sessions of losses as traders lose confidence that pledged output...

SOCAR holds trainings for students undertaking vocational education

The Education, Training and Certification Department of the State Oil Company of Azerbaijan Republic (SOCAR) has held training for students undertaking vocational education in...

Trump to sign executive order on offshore drilling

US President Donald Trump will sign a series of executive orders this week on offshore drilling. Report informs citing Politico with reference to the...

The ferry vessel “Balaken” will operate again between the ports of...

The ferry vessel “Balaken”, owned by Azerbaijan Caspian Shipping Company, stopped its operation for repairs at the “Bibi-Heybat” Ship repair yard. At the present,...

SOCAR commissions new well in Caspian Sea

Azerbaijan’s state oil company SOCAR will additionally produce 62.05 million cubic meters of gas and 730 tons of condensate annually as it has commissioned...