Tag Archives: Azerbaijan and oil

The price of Azerbaijani oil has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $0.81 to stand at $63.81.

The price of Azerbaijani oil has decreased on the world markets. The price of a barrel of Azeri Light crude fell $2.68 to stand at $56.52.

The price of the AZERI LT CIF oil, produced at the Azeri-Chirag-Gunashli block of oil and gas fields, amounted to $62.73 per barrel at the Italian port of Augusta on Dec. 10, or $1.81 less than on Dec. 7, a source in Azerbaijan’s oil and gas market told Trend Dec. …

BP, the largest foreign investor in Azerbaijan’s oil and gas sector, revealed its 2016 year-end results. BP Azerbaijan, which is the operator of the block of Azeri-Chirag-Gunashli offshore oil and gas fields, as well as Shah Deniz gas and condensate field, reported that ACG continued to safely and reliably deliver …

The first congress of the Baku petro industrialists has been founded in 1884 in Baku; further these congresses continued to function up to revolutionary events of 1917. The importance of congresses was defined by that the largest petro industrialists of the Russian empire took part in them, including and «Russian …

The speedy development of modern civilization would be impossible without a major fuel and energy resources such as oil and gas. Azerbaijan is an oil-rich country possessing resources of hydrocarbon raw materials and has the richest history of its development and utilization. Currently research of the history of Azerbaijan’s oil …

Azerbaijan is the oldest known oil-­‐producing region in the world and lays claim to being the birthplace of the oil industry. There is evidence of petroleum being used in trade as early as the third and fourth centuries, with references to the production of oil on the Absheron peninsula appearing …

On 24 July 1949, 60 years ago to the day that this is written, an intrepid group of oil workers began to drill into the bed of the Caspian Sea. They were some 42 kilometres south-east of the Absheron Peninsula – that “beak” of Azerbaijan which juts into the world´s …

The discovery of the unique Oil Rocks (Neft Dashlary) offshore field in 1949 became an important event in the development of the oil sector in Azerbaijan: major offshore facilities equipped with high-quality (at the time) domestic equipment were created in the open sea at a distance of up to 100 …

The research studies the relation between oil revenues and budget structure in oil dependent country – Azerbaijan. In the paper I will analyze Norwegian, Russian model of oil revenue management. The study shows how oil prices influenced these oil-exporting countries’ economies. I will try to analyze the changes in budget …