On March 6, UK House of Lords hosted an event on “Azerbaijan-UK energy cooperation”.
The event, dedicated to future prospects of historical cooperation between the two countries, was attended by UK Parliamentary under Secretary of State for the Department of Energy & Climate Change Baroness Sandip Verma, Minister of State David Lidington, British Prime Minister's Trade Envoy to Azerbaijan and Turkmenistan Charles Hendry, Deputy Speaker of the House of Commons Eleanor Laing, members of the House of Lords, representatives of the parliament’s energy committee, BP Group Chief Executive Robert Dudley, BP's Regional President for Azerbaijan, Georgia and Turkey Gordon Birrell, ambassadors, diplomats and senior officials from the Azerbaijani delegation.
SOCAR (excluding Joint Ventures and Operating Companies) conducted 11310 meters of drilling works in February 2014. This entire amount made development drilling.
In general, during January-February 2014, SOCAR (excluding Joint Ventures and Operating Companies) carried out 21802 meters drilling works including 21734 meters development drilling and the rest - exploration drilling.
SOCAR Marketing and Economic Operations Department exported 84 thousand 910 tons of crude oil from the Novorossiysk Port, 242 thousand 132 tons of crude oil from the Supsa Port, and 1 million 400 thousand 577 tons of crude oil from the Ceyhan Port in February 2014.
In general, 169 thousand 649 tons of crude oil were exported from the Novorossiysk Port, 565 thousand 129 tons of crude oil - from the Supsa Port, and 2 million 992 thousand 617 tons of crude oil from the Ceyhan Port during January-February 2014. The indices of crude oil exported by the SOCAR Marketing and Economic Operations Department reflect the volumes of crude oil belonging to both State of Azerbaijan and SOCAR.
In February 2014, price for Brent crude oil in the world market was $108,87 per barrel,
Urals oil - $107,43, BTC FOB Ceyhan crude oil - $110,94.
The State Oil Company of the Azerbaijan Republic (SOCAR) is involved in exploring oil and gas fields, producing, processing, and transporting oil, gas, and gas condensate.read more
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