Fee for this service in Azerbaijan increased by 7%

SOCAR interested in buying Lukoil's business in Bulgaria

Several structures are interested in purchasing the Bulgarian business of Russian company Lukoil, including the State Oil Company of Azerbaijan (SOCAR)

China commissions 4th generation nuclear power plant

China has commissioned the world's first nuclear power plant of the 4th generation.

Oil price is stable, and Brent is at $77.22 a barrel

Prices for oil of benchmark grades are changing slightly in Wednesday’s trading after falling the day before to the lowest since the beginning of July.

FM: Azerbaijan to become exporter of green energy

The potential of the Caspian Sea can soon turn Azerbaijan into an exporter of green energy.

Energy balance to be developed in Azerbaijan – Decree

The energy balance will be prepared in Azerbaijan.

TotalEnergies to search for methane using drones in Azerbaijan

Cost of oil goes up, and Brent is at $78.07 a barrel

Prices for oil of benchmark grades are increasing slightly in Tuesday’s trading after falling the day before.

SOCAR transfers to government for six months?

Denmark’s Vestas can produce wind turbines for Azerbaijan

Danish company Vestas, one of the world's largest producers of essential oils, can produce essential oils for Azerbaijan.

Number of SOCAR employees has increased

The number of employees of the State Oil company (SOCAR) for the first half of 2023 has been announced.

Financing paid to SOCAR management for 6 months published

SOCAR to build tanker for 29 million manats

Baku Shipbuilding Plant LLC will produce a tanker for oil transportation by order of SOCAR.

SOCAR's profit for six months published

The State Oil Company (SOCAR) completed June 30, 2023 with net profit of 1.414 billion manats. SOCAR's profit for the same period of 2022 amounted to 4.624 billion manats.

Oil price goes down, and Brent is at $78.35 a barrel

Prices for oil of benchmark grades are falling in Monday’s trading.

Scientists figured out how to increase efficiency of alternative energy sources

Brazil joins OPEC+ in 2024

Brazil will join the OPEC+ alliance from January 2024.

Oil continues to fall in price, Brent - $80.66 a barrel

Prices for oil of benchmark grades are declining in Friday’s trading after a sharp drop following the session on Thursday.

Is Baku Oil Refinery closed?

SOCAR will stop operation of the Heydar Aliyev Baku Oil Refinery in 2024 in connection with the next scheduled repair.

About 55 bcm of gas pumped through TANAP by end of November

Data on Azerbaijani gas supplies via the Trans-Anatolian Gas Pipeline (TANAP) to Türkiye and Europe has been published.

Oil price goes up, and Brent is at $83.37 per barrel

Prices for oil of benchmark grades are rising in Thursday’s trading after rising the day before.