Azerbaijan ranks 3rd on gas supplies to Türkiye

Reserves of a new oil field in Türkiye estimated at 1 bn barrels

The potential of a new oil field discovered in the south-east of Türkiye is estimated at $1 bn barrels.

Oil price goes up, and Brent is at $72.87 a barrel

Prices for oil of benchmark grades are increasing in Thursday's trading after a 4% drop in the previous session.

Cost of oil goes down, and Brent is at $75.25 a barrel

Prices for oil of benchmark grades are declining in Wednesday’s trading after a sharp drop the day before.

Share of Azerbaijani gas in Europe has increased

In 2022, Azerbaijan's share in the European gas market increased to 6.9% from 4.9% in 2021

China launches a giant solar power plant in the desert

China, the world leader in renewable energy investments, has launched a giant solar power plant.

Cause of gradual decline in oil prices becomes known

China's concerns about the economic outlook and investors' caution in financial markets because of the banking crisis contributed to decline in oil prices.

SOCAR Türkiye investments

SOCAR Türkiye's investments have approached $18 billion

Oil prices are stable, and Brent is at $79.31 a barrel

Prices for oil of benchmark grades are stable in Tuesday’s trading after decline the day before.

Russia halts gas supply to Armenia

Gas supply from Russia to Armenia has been suspended

Oil price goes down, and Brent is at $79.78 a barrel

Prices for oil of benchmark grades are falling in Monday’s trading, after decline following the past week and a slight increase following the past month.

India’s crude oil imports from Russia increased

Oil price grows, and Brent is at $78.73 a barrel

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

New head of SOCAR's Bulgarian office appointed

Gas production in Russia decreased

Gas production in Russia, which fell under sanctions because of the war with Ukraine, decreased in the 1st quarter of 2023.

Cost of oil grows after strong fall, Brent is at $77.91 a barrel

Prices for oil of benchmark grades are rising in Thursday’s trading after a drop by 3.6% the day before.

Capacity utilization rate of Türkiye-based SOCAR plant reaches 113%

Oil rises in price, and Brent is at $81.12 a barrel

Prices for oil of benchmark grades are growing in Wednesday's trading after a 2% drop the day before.

Azerbaijan plans to double gas supplies to EU market by 2027

Azerbaijan plans to double gas supplies to the European Union (EU) market.

Ilham Aliyev attended the opening of SOCAR office in Bulgaria

The office of the State Oil Company of the Azerbaijan Republic (SOCAR) in the Republic of Bulgaria has been inaugurated in Sofia today.

Prices for oil decline, Brent is at $82.68 a barrel

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