Azerbaijani MPs ratified extension of Contract of Century until 2050

The Azerbaijani parliamentarians have ratified today the Contract for extension of the development of oilfield block Azeri-Chirag-Gunashli until 2050.

Azerbaijani oil has slightly risen in price

The price of a barrel of Azerbaijani oil Azeri LT CIF on the world market increased by $0.16 or 0.26%.

European Investment Bank to allocate $1.3 bn for TANAP

The European Investment Bank (EIB) will give a loan for financing Trans-Adriatic Gas Pipeline (TANAP)

TOTAL may participate in development of field Umid and prospective structure Umid-Babek

Azerbaijan's Energy Minister Parviz Shahbazov has received Vice-President of TOTAL Group of Companies for Southern Europe & the Caspian Region Bernard Clement.

BP held presentation of forecasts until 2035 at Azerbaijan Energy Ministry

Azerbaijan's Energy Minister Parviz Shahbazov has received a delegation led by BP Regional President for Azerbaijan, Georgia and Turkey Gary Jones.

Azerbaijan-Kazakhstan Commission on Economic Cooperation to hold a meeting until end of 2017

Azerbaijan's Energy Minister Parviz Shahbazov received the Ambassador of Kazakhstan to the country Beibit Isabayev.

International conference Oil Spills 2017 to be held in Baku

Conference Oil Spill Control Caspian: Onshore & Offshore - Oil Spills 2017 is to be held on 27-28 November 2017. The event has been traditionally supported be the Ministry of Emergency Situations of Azerbaijan and the State Oil Company of Azerbaijan.

Energy Minister: Azerbaijan ready to endorse a decision to stabilize production

Azerbaijan regards seriously all the undertaken commitments, including the ones to OPEC.

New Energy Minister Parviz Shahbazov received Turkish Ambassador to Azerbaijan

Azerbaijan's Energy Minister Parviz Shahbazov has received Ambassador of Turkey to Azerbaijan Erkan Ozoral.

Azerbaijan to introduce a new mechanism of regulation of power sector

Deputy Energy Minister of Azerbaijan Gulmammad Javadov has received representatives of the U.S. Agency for International Development (USAID).

Nobel Oil was honored with the “Transparent Tax Partner” status

Nobel Oil was honored with the “Transparent Tax Partner” status by the Ministry of Taxes of the Republic of Azerbaijan for its transparent financial performance.

New Energy Minister introduced to staff of Ministry of Energy of Azerbaijan

New Energy Minister Parviz Shahbazov has been introduced today to the staff and governmental agencies operating in the energy sector.

Parviz Shahbazov appointed Energy Minister of Azerbaijan

President Ilham Aliyev has signed a decree on the appointment of the Minister of Energy of Azerbaijan.

SOCAR has no plans to stop operation of Baku-Novorossiysk pipeline

SOCAR has no plans to suspend operation of Baku-Novorossiysk oil pipeline in the future.

Rovnag Abdullayev: Signing of a new Contract of Century on best-for-Azerbaijan conditions proves country’s economic power

Argus International Oil Summit Azerbaijan 2017 started its work in Baku today.

Nobel Oil Services’ performance is highly evaluated by Board of Directors

The Board of Directors highly evaluated the performance of Nobel Oil Services on the third quarter Meeting.

Azerbaijan’s head orders gasification of Lahich village in Ismayilli district

President Ilham Aliyev of Azerbaijan has signed an order concerning the measures aimed at ensuring the gasification of village Lahich of Ismayilli district of Azerbaijan.

Another 13,249 apartments received gas in Azerbaijan

National gas supply operator Azerigaz continues taking steps aimed at gasification of multi-storey buildings.

Regular Caspian Technical Conference & Exhibition – SPE to be held in Baku this November

SPE’s 4th annual Caspian Technical Conference and Exhibition will consider the key oil and gas issues in Baku.

Azerbaijan's Oil Fund received over $126 bn from Contract of Century

The State Oil Fund of Azerbaijan (SOFAZ) has published the amount of profit from sale of profit oil from oilfield block Azeri-Chirag-Gunashli (ACG).

Issues of new EU-Azerbaijan energy agreement discussed in Brussels

A regular round of negotiations on the draft agreement between Azerbaijan and the European Union (EU) in the field of trade, investment, and energy has been conducted in Brussels.