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Nailia Bagirova

BP, SOCAR sign deal to build new Azeri oil exploration platform

Apr 19 2019

BAKU Oil major BP and Azerbaijan's state energy company SOCAR signed an agreement on Friday to build a new exploration platform for the South Caucasus nation's three major oilfields, BP-Azerbaijan said in a statement.

Fitch sees Brent crude at $62.5/bbl in 2020 as economic woes bite

Apr 05 2019

* Fitch sees oil prices falling in 2020 to $62.5 from $65 in 2019

Venezuela suspends oil exports to India: Azeri energy ministry

Mar 19 2019

BAKU Venezuela has suspended its oil exports to India and views Russia and China as its main export destinations, the Azeri energy ministry said on Tuesday, citing Venezuela's oil minister.

OPEC scraps April meeting but keeps oil cuts in place

Mar 18 2019

BAKU Oil producer group OPEC on Monday scrapped its planned meeting in April and will decide instead whether to extend output cuts in June, once the market has assessed the impact of U.S. sanctions on Iran and the crisis in Venezuela. | Video

Saudi signals OPEC may need to extend oil cuts until end-2019

Mar 17 2019

BAKU Saudi Arabia said on Sunday OPEC's job in rebalancing the oil market was far from done as global inventories were still rising despite harsh U.S. sanctions on Iran and Venezuela, signaling it may need to expand output cuts into the second half of 2019.

OPEC's Barkindo says rebound in oil investments 'very minimal'

Mar 17 2019

BAKU The investments needed to ensure stability in the global oil industry are returning after a downturn, but the pace is still slow, OPEC Secretary General Mohammed Barkindo said.

WADA head sure Russia will meet anti-doping deadline

Nov 15 2018

BAKU/MOSCOW World Anti-Doping Agency (WADA) President Sir Craig Reedie said on Thursday he was confident Russia would not miss a year-end deadline to hand over data from its suspended laboratory, a condition for its anti-doping agency (RUSADA) to stay accredited. 

Azeri SOCAR to supply its new Turkish refinery with third-party oil

Nov 09 2018

BAKU, Nov 9 Azeri state energy company SOCAR plans to supply its new refinery in Turkey with oil from different producers in Europe, the Black Sea region and the Gulf, the head of SOCAR's trading arm said in an interview.

UPDATE 1-Azeri central bank cuts key rate, signals more cuts next year

Oct 30 2018

BAKU, Oct 30 Azerbaijan's central bank lowered its key interest rate to 9.75 percent from 10 percent on Tuesday after inflation fell sharply, its fourth cut this year, and Governor Elman Rustamov said borrowing costs may fall further in 2019.

OPEC's Barkindo warns of underinvestment in global oil industry

May 30 2018

BAKU The global oil industry should ramp up investment to ensure it can cope with future consumption growth and avoid supply shortages, OPEC Secretary-General Mohammad Barkindo told a conference in Baku.

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