Azerbaijani oil and gas

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Saipem to build TAP offshore pipeline

Italian oil service company Saipem has won a contract to lay the offshore tract of the Trans Adriatic Pipeline (TAP) that will transport Azeri gas into Italy, Reuters cited the company as saying. The 105-kilometer pipeline will run from …

 TAP construction to start on May 17

The ceremony to mark the beginning of construction of the Trans Adriatic Adriatic Pipeline (TAP) will be held in Thessaloniki on May 17. The ceremony will be attended by prominent politicians and companies, as this is an important …

4th Global Forum in Baku opens

The 4th Global Baku Forum titled 'Towards a Multipolar World' has started in Baku today. Its opening is attended by the Azerbaijani President Ilham Aliyev, Azerbaijan’s first lady …

 SOCAR remains key gas supplier for Georgia

The Azerbaijani state oil company SOCAR has signed an agreement with the Georgian government on additional supplies of Azerbaijani gas. The four documents were signed by the President of the State Oil Company of Azerbaijan, Rovnag …

Russia and Azerbaijan sign new agreement on oil transportation

Russia and Azerbaijan signed a new agreement on oil transportation via the Baku-Novorossiysk pipeline. From the Azerbaijani side it was signed by representatives of the Azerbaijani state oil company SOCAR, and from the Russian side by representatives of …

Exxon closes its office in Azerbaijan

The US oil and gas company Exxon South Caspian Limited has announced the liquidation of its branch in Azerbaijan. In 1999 Exxon South Caspian Limited acquired a 15% stake in the Araz-Alov-Sharg oil field, which is located 180 kilometers …