Iran and Russia have made progress toward an oil-for-goods deal sources said would be worth up to $20 billion, which would enable Tehran to boost vital energy exports in defiance of Western sanctions, people familiar with the negotiations told Reuters.
BP will increase investment in its oil and gas projects in Azerbaijan by almost 50% to $8.74 billion this year, BP’s Azerbaijani subsidiary which operates the projects has said.
British BP, the technical operator for the development of the giant Shah Deniz gas condensate field in the Azerbaijani sector of the Caspian Sea, will start the drilling of the seventh well within the first stage of development of the field, Azernews reported on February
Some 32.72 million tons of oil was produced at Azeri-Chirag-Guneshli oil and gas fields' block in the Azerbaijani sector of the Caspian Sea in 2013 compared to the expected 30.62 million tons, according to an article of Azerbaijani Energy Minister Natig Aliyev published
Azerbaijan's state oil company SOCAR has commissioned a second production well on the Umid gas condensate field in the Azerbaijani sector of the Caspian Sea, Azernews reported on January 30.
Russia’s Dagestan Autonomous Republic intends to establish own national oil company, President of Dagestan Ramazan Abdulatipov said in his letter addressed to the parliament of the republic, the Azerbaijani news agency APA reported on January 15.
Azerbaijan's state oil company SOCAR has commissioned the first horizontal well in the shallow-water part of the Guneshli field in the Azerbaijani sector of the Caspian Sea, Azernews reported on January 10.
A consortium of energy companies led by BP ( BP ), which is developing the Shah Deniz natural gas project in the South Caspian Sea, recently announced the final investment decision for the second phase of development of the Shah Deniz gas field located around 70 kilomete
The shipyard Krasnye Barrikady in Astrakhan has begun building the platform for a living module for the second stage of Lukoil’s Vladimir Filanovsky deposit (PZhM-2) in the Russian sector of the Caspian Sea, Lukoil’s press service has said.
Azerbaijan predicts the volume of gas production in 2015 at 20 billion cubic meters, Azernews reported on December 4.