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Turkmenistan in anticipation of big investments in Caspian oil and gas

May 22nd, 2015|

Total investments by the contractors, working in line with production sharing agreements in the Caspian Sea’s Turkmen part, are expected to be over $3 billion in 2015, compared to $2.5 billion invested last year, the […]

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Azerbaijan to see decline in oil supply, OPEC says

May 20th, 2015|

Azerbaijan, the second largest oil producer in the former Soviet Union with proven crude oil reserves estimated at 7 billion barrels, will see a decline in oil supply 2015.
In its May report OPEC said the […]

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SOCAR opens office in Georgia’s Batumi

May 20th, 2015|

Azerbaijan’s state oil company SOCAR opened its office in Batumi, Georgia, said the company in a message May 18.

The building, built near the Batumi Port, will house the offices of SOCAR Energy Georgia, and its […]

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Caspian pivot to European gas market

May 20th, 2015|

Europe is either at or close to a turning point in its Ukraine-crisis-motivated strive to add another vector to its energy security.
A key part of ensuring secure and affordable supplies of energy to European countries […]