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23.04.2014 Turkey to abandon take-or-pay principle in gas agreements

Turkey intends to deviate from a 'take or pay' principle in executing gas supplies agreements with Azerbaijan and Iran, Azernews reported on April 22.

23.04.2014 Caspian hydrocarbon reserves to double by 2035 - Azerbaijani minister

The Caspian region will become a reliable source of gas supplies to Europe amid the growth of consumption volumes and the need of diversifying the sources of energy supply, Azerbaijani Energy Minister Natig Aliyev said at the Caspian Energy first international forum on A

22.04.2014 Azerbaijan, Turkmenistan discuss energy cooperation

Azerbaijan and Turkmenistan have mulled the development of cooperation in the oil and gas sector, Azernews reported on April 21.

22.04.2014 Turkey wants gas price discount from Russia

Turkey will try to obtain a gas price discount from Russia, and this issue will be discussed with the management of Russia's Gazprom in the coming days, Turkish Minister of Energy and Natural Resources, Taner Yildiz said, the country's TRT Haber TV channel reported on Ap

18.04.2014 Azerbaijani SOCAR wants to expand in Romania

Azerbaijan's state energy company SOCAR has great potential to expand its activities in Romania, Azerbaijan's Energy Minister Natig Aliyev said during a meeting with newly appointed Romanian Economy Minister Constantin Nita, Azernews reported on April 17.

17.04.2014 Bulgaria to buy gas from Azerbaijan soon

The construction of the Interconnector Greece-Bulgaria gas pipeline will start in 2015, the Azerbaijani Minister of Energy Natig Aliyev said at a meeting with Bulgaria's Economy and Energy Minister Dragomir Stoynev, Trend reported on April 16.

17.04.2014 Azerbaijan’s SOFAZ invests over 50mn euros in Romania

Azerbaijan's state energy company SOCAR has international experience in implementation of large-scale projects which can contribute to achieving common European targets in the energy field, SOCAR Head Rovnag Abdullayev said during his visit to Romania which took place on

17.04.2014 Iran sure to win gas price dispute with Turkey

Iran believes that the International Court of Justice will most likely favor Iran in the gas price dispute with Turkey, according to Iranian Oil Minister Bijan Namdar Zanganeh, Trend reported on April 16.

17.04.2014 Fitch affirms Azerbaijan’s SOCAR at 'BBB-'

Fitch Ratings has affirmed SOCAR's (State Oil Company of Azerbaijan Republic) long-term issuer default rating (IDR) at 'BBB-', short-term IDR at 'F3' and senior unsecured rating at 'BBB-', Trend reported on April 16.

16.04.2014 Azerbaijani SOCAR expands gas station network in Ukraine

The State Oil Company of Azerbaijan has commissioned two gas stations in Ukraine, SOCAR Energy Ukraine reported, Trend said on April 15. The stations were opened in the cities of Kamenets-Podolsky and Kremenchug of Khmelnytsky and Poltava regions.