Azerbaijani Oil Export Declined by 15.0 % in August 2015

Azerbaijani Oil Export Declined by 15.0 % in August 2015 State Oil Company of Azerbaijan Republic (SOCAR) exported 1 million 211 thousand 122 toness oil in August 2015. SOCAR exported 84 thousand 913 tons of crude oil from Novorossiysk port, 254 thousand 422 tons of crude oil from the Supsa Port, and 871 thousand 787 tons of crude oil from the Ceyhan Port in August 2015. In general, 930 thousand 671 tons of crude oil were exported from the Novorossiysk... Read More

Azerbaijan’s Energy Strategy: Source for Diversification ?

Azerbaijan’s Energy Strategy: Source for Diversification? Oil and gas as the primary natural hydrocarbons will continue to be the topic of discussion related to the global economy and world politics. As such, the rest of the world sees countries with vast oil and gas re- serves as having a strategic advantage. It is not a surprise that energy expert Daniel Yergin described oil in his book The Prize, the Epic Quest for Oil, Money & Power, as... Read More

Azeri Oil Export Sinks to Lowest Level Since 2010

Azeri Oil Export Sinks to Lowest Level Since 2010 Azerbaijan exported 20, 22 million tons oil by Baku-Tbilisi-Ceyhan (BTC) in the first eight months of 2013 according to the CESD sources at the State Oil Company of Azerbaijan Republic (SOCAR). Oil export declined by 2, 2 % in the indicated period compared with the same period of 2012. 20, 66 million tons Azeri oil was exported in the first eight months of 2012. BTC transported 29.67 million tons of... Read More