SOCAR acquires a 50% stake of Norwegian company in Karabakh field project

Norwegian company Equinor has closed a deal on sale of a 50% stake to SOCAR in Karabakh field development project in the Azerbaijani sector of the Caspian Sea, ABC.AZ reports, referring to Equinor.

Oil price goes up, and Brent - $81.23 per barrel

Prices for oil of benchmark grades are rising in Wednesday’s trading after a drop at the end of the last session.

Kazakhstan to export green energy via Azerbaijan

Thailand increases purchases of crude oil from Azerbaijan 8-fold

Thailand’s crude oil imports from Azerbaijan grew almost 8-fold in 2024.

Oil price is stable, and Brent - $82.42 a barrel

Prices of oil of benchmark grades are stable in Tuesday’s trading.

Oil price goes up after last week’s drop, Brent - $83.07 per barrel

Prices for oil of benchmark grades are rising in Monday’s trading after declining last week.

Indian company acquired shares in ACG and BTC projects from Equinor

Ilham Aliyev: Azerbaijan becomes an important gas supplier

With respect to our energy projects, Azerbaijan is a reliable supplier. For almost 20 years, we initiated and, together with our neighbors, commissioned the pipeline that connected the Caspian and Mediterranean for the first time in history.

President: There will be more opportunities for Azerbaijani gas to supply more European countries

We have eight countries receiving Azerbaijani gas: five member states of EU - Bulgaria, Greece, Italy, Hungary, and Romania; two candidate countries – Georgia and Serbia; and Türkiye.

Ilham Aliyev: Strategic partnership aims to double our gas supply to Europe

The strategic partnership defined in Baku in the energy field, we planned to double our gas supply to Europe by the end of 2027.

Oil price goes up, and Brent is at $84.62 a barrel

Prices for oil of benchmark grades are declining in Friday’s trading.

SOCAR to build plant in Switzerland

The plans for the future include the production of siderates for export, SOCAR department head Mustafa Gurbanli said.

SOCAR to sell carbon credits in Europe

SOCAR is preparing for the next sale of carbon credits on the European market

List of countries to which Azerbaijan sells the most oil

Azerbaijan exported 11.1 million tons of oil to 20 countries for $7 billion for Jan-Jun 2024.

Azerenergy's revenues decreased, while expenses grew

Azerenergy OJSC received net profit of 175.11 million manats against 1.685 billion manats of income in 2023.

Azerenergy's profit drops sharply – Report

The net loss of Azerenergy's largest power plant, the Azerbaijan thermal power plant, in 2023 amounted to 2.32 million manats, while in 2022 the company made net profit of 4.33 million manats.

Oil price still goes up, and Brent - $85.48 a barrel

Prices for oil of benchmark grades keep on growing in Thursday's auction.

This country becomes the largest buyer of natural gas in Azerbaijan

In 5 months of 2024, Azerbaijan exported 9.91 bcm of natural gas abroad.

SOCAR and Slovenian company sign a Memorandum

The State Oil Company of Azerbaijan (SOCAR) has signed a Memorandum of Understanding with Geoplin, the largest natural gas supply company in Slovenia, on expanding cooperation.

$1.8 billion worth of Nigerian oil stolen in 10 years

Ogbonnaya Orji, Secretary General of the Nigerian Industrial Transparency Initiative (NEITI), said in a statement that the growing number of attacks in Nigeria's oil-producing regions and thefts at refineries continue to have negative impact on the country's economy.

SOCAR intends to acquire 51% of ATB shares

The State Oil Company of Azerbaijan (SOCAR) intends to acquire 51% of the shares of Azər Türk Bank (ATB).