SOCAR may open a representative office in this country

The Azerbaijan State Oil Company (SOCAR) plans to open a representative office in Turkmenistan.

Oil price gets cheaper, and Brent is at $96.19 a barrel

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

SOCAR may participate in Vostok Oil Project

Azerbaijan's state oil company SOCAR will consider Rosneft's proposal to participate in project Vostok Oil

SOCAR president: Joint exploration of Dostlug field opens up new opportunities

The Memorandum of Understanding on joint exploration, development and development of hydrocarbon resources of the Dostlug field opens up new opportunities for Azerbaijan and Turkmenistan for fruitful cooperation in the oil and gas sector.

U.S. revises price limit for Russian oil

Europe reduced its dependence on Russian gas from 40% to 7%

The EU has lowered its dependence on Russian gas supplies from 40% to 7% of all imports.

Cost of oil grows, and Brent is at $95.89 a barrel

Prices for oil of benchmark grades keep on to rising in Thursday's trading after a jump in the previous auction.

SOFAZ received income of $7.528 bn from ACG field for Jan-Sept

Over the past 9 months SOFAZ revenues from the sale of Azerbaijan’s profit oil from the ACG block amounted to $7.528 bn.

Crude oil and petroleum product export for Jan-Sept

Petroleum product export observed decline

Oil price falls, and Brent is at $92.72 a barrel

Prices for oil of benchmark grades are decreasing in Wednesday’s trading.

Gas exports to Georgia grew by 56.8%

In the 3rd quarter of this year, the volume of Azerbaijan’s natural gas exports increased by 16% up to 5.2 bn cu m.

Annual tariff fees of $14 million to be charged for oil exported via this pipeline

Oil gets cheaper, and Brent is at $92.69 a barrel

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

Azerbaijan exported propylene copolymers for $32 million

SOCAR increases volume of exported oil by 7.4%

SOCAR's export performance in the 3rd quarter of this year is also satisfactory.

SOCAR gas extraction grew by 1.3%

In the 3rd quarter of this year SOCAR carried out more than 18,000 m of drilling operations.

Countries where Azerbaijan exported most of all petroleum products

Government looks for a loan to upgrade power plant in Mingachevir

Azerbaijan wants to resume operation of Baku-Supsa oil pipeline

We also want to use the Baku-Supsa oil pipeline, which is currently not in operation.

China increased oil imports from Russia by 8.8% for Jan-Sept

Russian oil supplies to China grew by about 8.8% year-on-year up to 64.25 million tons for Jan-Sept 2022.