The operator of the Umid-Babek offshore gas development project in Azerbaijan's Caspian Sea has started drilling a first deep appraisal well in a bid to finalise plans for boosting gas output from the ...

XRG agrees to become shareholder in Southern Gas Corridor, which represents Azeri interests in three gas export pipelines from the country Azerbaijan has agreed to sell a minority stake in natural gas ...

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The price of Azerbaijan’s Azeri Light crude oil at Italy’s Augusta port fell by $0.61, or 0.92 percent, compared to the previous figure, settling at $65.82 per barrel (CIF basis), Azernews reports. At ...

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Generally, Azerbaijan’s growing transit revenues show that the country is steadily transforming into a major Eurasian logistics power. The figures speak clearly. The North–South Corridor already ...