Azerbaijani oil output: In permanent decline?

Azerbaijani oil output: In permanent decline? The State Statistics Committee of Azerbaijan has reported that the country produced 12.6 million tons of oil in the first four months of 2017 that was by 9.5% less compared with the period of 2016. Oil stocks as of 1 May 2017 reached 414,700 tons against 629,300 tons by 1 April and 410,200 tons by 1 January 2017. In 2016 the country produced 41.03 million tons of oil that was less than production for 2015... Read More

Azerbaijani Oil Income in April 2015

Azerbaijani Oil Income in April 2015 Azerbaijan exported 1.705 million tons of oil in April 2015 against 1.649 million tons in March, 1.969 million tons in February and 2.121 million tons in January this year. Meanwhile, oil export via Baku-Novorossiysk reached 84,701 tons, Baku-Supsa – 254,164 tons, and Baku-Tbilisi-Ceyhan (BTC) n.a. Heydar Aliyev oil pipeline – 1.37 million tons. The SOCAR has announced that Azerbaijani oil export grew... Read More

Azerbaijani Oil Income in February 2015

Azerbaijani Oil Income in February 2015 Azerbaijani oil export slight increased last month compared with January 2015 since the country exported 1,885 million tones crude oil to the world market in February 2015. According to the State Oil Company of Azerbaijan Republic (SOCAR), 84 thousand 807 tons of crude oil from the Novorossiysk Port, 254 thousand 179 tons of crude oil from the Supsa Port, and 1 million 630 thousand 350 tons of crude oil from... Read More

Azeri Oil Price drops 15 % in the world market

Azeri Oil Price drops 15 % in the world market The cost of a barrel of BTC FOB Ceyhan on the world market made $96.59 in June. This constitutes a drop of $15.96 over May. The statement came from sources in the State Oil Company of Azerbaijan. The cost of a barrel of Brent crude on the world market made $94.84 (against $110.2 in May). Urals oil was sold for $93.49 per barrel, which is a drop of $16 over may. Azerbaijani oil transported by the BTC... Read More