SOFAZ income from Shah Deniz reduced 8-fold

Over Jan-Mar 2024, SOFAZ revenues from Shah Deniz field in the Azerbaijani sector of the Caspian Sea amounted to $78.5 million.

SOFAZ revenues from ACG drop by 29%

Forecast: Energy exports to form basis of Azerbaijan's economy in coming years

Oil price goes up, and Brent is at $89.61 per barrel

Prices for oil of benchmark grades continue rising in Thursday's trading.

Electricity exports decline 6.5-fold

Over Jan-Feb 2024, Azerbaijan exported electricity for $34.9 million.

Oil price is stable, and Brent - $89 per barrel

Prices for oil of benchmark grades were stable in Wednesday’s after a rise following the previous session.

Azerbaijan to provide 51% of Bulgaria's natural gas needs in April

Bulgaria's utilities regulator approved a 2% increase in the regulated gas price in the country in April.

Oil price goes up, Brent - $87.84 per barrel

Prices for oil of benchmark grades continued rising in Tuesday’s trading after growth following the previous session.

SOCAR ready to extend gas contract with Romania until 2026

The State Oil Company of Azerbaijan (SOCAR) is ready to extend the contract signed with Romania on gas supply by 2026

Qatar Energy prepares for a large-scale increase in gas supplies

Oil price goes up, and Brent is at $87.28 a barrel

Prices for oil of benchmark grades keep on rising in Monday’s trading after growth in the 1st quarter.

Price of electricity may decrease in Azerbaijan

A sharp increase in solar energy consumption may affect electricity prices.

Parviz Shahbazov: Foundations of 4 new renewable energy plants to be laid this year

The foundation of four new renewable energy plants will be laid within the Green World Solidarity Year.

Oil price ended Q1 with strong growth

Brent and WTI oil prices ended March and the first quarter of 2024 with strong growth.

New appointment at Azneft production association

Personnel reshuffle has been made in the management of SOCAR production association Azneft.

Crude oil production in Azerbaijan drops by 7% - Statistics

Crude oil production in Azerbaijan totaled 4.772 million tons for Jan-Feb 2024.

Why has Russia increased gasoline imports from Belarus?

Russia increased gasoline imports from Belarus due to disruptions at refineries in March.

Azerbaijan reduced gas supplies to Türkiye

In January 2024, Azerbaijan exported 877.74 million cu m of natural gas to Türkiye.

SOCAR Methanol doubles production in 2 months

SOCAR Methanol LLC produced 94,900 tons of methanol for the past 2 months.

Oil price goes up, and Brent is at $85.81 a barrel

Prices for oil of benchmark grades are increasing in Thursday's trading.

Gazprom's net profit fell by 7% for 2023

The parent company of Gazprom PJSC has published RAS financial statements for 2023.