Daily Archives: January 13, 2018

Azerbaijani oil sells for $71

Baku, January 13, AZERTAC

Azerbaijani oil price has decreased on the world markets.

The price of a barrel of Azeri Light crude oil fell $0.84 to stand at $71.

AZERTAG.AZ :Azerbaijani oil sells for $71

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Junior Azerbaijani karate fighters win three medals on first day of Grand Prix Croatia

Baku, January 13, AZERTAC

Junior Azerbaijani karate fighters have claimed three medals, including two golds on the first day of the 27th Grand Prix Croatia in Samobor.

The gold medals came from Farid Aghayev and Fidan Dadashova.

Tale Yagubov grabbed bronze of the tournament.

AZERTAG.AZ :Junior Azerbaijani karate fighters win three medals on first day of Grand Prix Croatia

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Khazar Ibrahim: Currently up to 40,000 local Turkish employees work on SOCAR projects

Baku, January 13, AZERTAC

SOCAR’s investments alone will reach up to $20 billion this year. That’s a huge number. Plus, currently up to 40,000 local Turkish employees work on SOCAR projects. That’s also huge across Turkey, said Azerbaijani Ambassador Khazar Ibrahim in an interview with “Daily Sabah” newspaper.

He commented on political and economic relations between the two countries: “Diplomatic and political ties between Ankara and Baku are good. Economic relations and the bilateral trade volume, though, have yet to live up to expectations. During the meeting of the supreme council in Baku, both presidents highlighted the issue that a $2.5 billion trade volume is not enough given the nature of our relations.”

Ibrahim said: “The first goal is to reach at least $5 billion as soon as possible.” Stressing that a $2.5 billion trade turnover does not exactly reflect superior economic cooperation between the countries, the envoy said the two countries have investments in each other’s economies.

AZERTAG.AZ :Khazar Ibrahim: Currently up to 40,000 local Turkish employees work on SOCAR projects

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US EIA forecasts 790.000 barrel of oil production per day for Azerbaijan in 2018

Baku, January 13, AZERTAC

Azerbaijan’s oil production will average 790.000 barrels per day in 2018, according to the US Energy Information Administration’s (EIA) report published in its Short-Term Energy Outlook (STEO).

EIA report says that per day oil production in the first quarter of this year will average 810,000 barrels, in the second quarter 800,000 barrels, in the third 780,000 barrels, and in the fourth 770,000 barrels.

The volume of oil production in Azerbaijan is forecast to stand at 770.000 barrels per day in 2019.

So, the country is expected to produce 78.000 barrels of oil per day in the first and second quarters of 2019, 770.000 barrels per day in the third quarter and 76.000 barrels per day in the fourth quarter, EIA said.

Oil production in Azerbaijan amounted 810.000 barrels per day in December 2017.

AZERTAG.AZ :US EIA forecasts 790.000 barrel of oil production per day for Azerbaijan in 2018

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