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Kazakhstan Says May Offer To Freeze Its Output At Vienna Talks
Friday, December 09, 2016 Kazakhstan may offer to freeze its oil output at last month's level at the talks between OPEC and non-OPEC producers in Vienna, Kazakh Energy Minister Kanat Bozumbayev said on Friday.
Azerbaijan's $35B Oil Fund Pledges To Improve Transparency
Friday, December 02, 2016 SOFAZ is committed to keep improving transparency, its executive director said, in order to meet a key international benchmark that would make the country more attractive to foreign investors.
Azerbaijan Energy Minister: No Plan To Increase Oil Output In 2017
Thursday, December 01, 2016 Azerbaijan has no intention of increasing crude oil output in 2017, Energy Minister Natig Aliyev said on Thursday.
IRNA: NIOC Helicopter Crashes in Caspian Sea
Monday, November 28, 2016 A helicopter working for the National Iranian Oil Company (NIOC) crashed in the Caspian Sea early Sunday, killing all five passengers on-board, according to Iran's Islamic Republic News Agency (IRNA).
Lukoil Flows Oil from V. Filanovsky Field in Caspian Sea
Thursday, November 24, 2016 Lukoil flows oil from a third well at the offshore Vladimir Filanovsky field in the Caspian Sea.
Azerbaijan Signals OPEC Wants Big Cuts From Non-OPEC Producers
Thursday, November 24, 2016 OPEC may ask oil producers outside the cartel to make big cuts in output.
Total, SOCAR Sign Absheron Development Agreement
Tuesday, November 22, 2016 Total and SOCAR sign an agreement establishing the contractual and commercial terms for a first phase of production from the Absheron gas and condensate field, located in the Caspian Sea.
Kazakhstan's Giant Kashagan Oil Field Begins Commercial Output
Monday, November 21, 2016 Kazakhstan's giant Kashagan oil field starts commercial output, a milestone for the repeatedly delayed $55 billion project.
BP Says Jan-Sept Oil Output At Azeri Projects Up To 644,000 Bpd
Friday, November 18, 2016 Oil output from BP-led oilfields in Azerbaijan rose in the first 3 quarters of 2016 to 644,000 barrels per day.
Lukoil Raises $500M to Finance Gissar Project in Uzbekistan
Wednesday, November 16, 2016 Lukoil raises $500 million to finance the development of the Gissar group's gas condensate fields in Uzbekistan.
Kazakhstan's Kashagan Produces 201,000 Tons Of Oil In October
Monday, November 14, 2016 Kazakhstan's Kashagan oil field produced about 201,000 tons of oil in October, its first full month of operation, data from the Energy Ministry's analytical center showed.