Azerbaijan can’t seem to turn the page on what’s been a year of currency jitters following its 50 percent devaluation in 2015. Dollars are again in short supply in Azerbaijan’s Continue Reading
OPEC may ask oil producers outside the cartel to make big cuts in output, Azerbaijan said on Thursday, highlighting the challenges in striking a deal as the two sides enter Continue Reading
Two major Caspian Sea oil fields scheduled to come on stream this year will together produce at least 200,000 barrels of crude per day (bpd) by the end of 2016, Continue Reading
A BP subsidiary working in the Caspian Sea announced it reached a landmark for oil pulled from Azeri waters with its 3 billionth barrel. BP’s regional office for Azerbaijan, Georgia Continue Reading
Projects meant to exploit the strategic position of the Caspian Sea and its oil and natural gas are national priorities, Azerbaijan, Iran and Russia said. The Iranian and Russian presidents Continue Reading
Russia and Turkey signaled that they would resuscitate the development of a natural-gas pipeline between them, potentially undermining European efforts to reduce reliance on Russian energy with fuel piped in Continue Reading
U.S. oil major Exxon Mobil ( XOM.N ) and Britain’s BP ( BP.L ) are at loggerheads over a giant oil production deal with Azerbaijan, blocking renewal of what was Continue Reading
Though some geopolitical conflicts may impede the progress, Azerbaijan is positioned to become one of the region’s key players in natural gas, analysis finds. A review from the U.S. Energy Continue Reading
A BP subsidiary trying to pull gas from offshore Azerbaijan said it doled out a $1.5 billion contract to help get gas flowing within the next two years. BP, working Continue Reading
Georgian Energy Minister Kakha Kaladze struck a deal with Rovnag Abdullayev, the president of the State Oil Company of Azerbaijan Republic (SOCAR), Civil Georgia reported March 4. Under the terms Continue Reading
