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.

Oil gets cheaper, and Brent is at $82.33 a barrel

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

Powers of 3 vice-presidents at BP Azerbaijan revised

The responsibilities of three vice-presidents of BP Azerbaijan have been redistributed.

Oil price goes down, and Brent is at $84.53 a barrel

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

Enka’s subsidiary to build a terminal in Germany for €1 bn

A subsidiary of Enka has signed a contract for €1 bn in Germany.

Cost of oil rises, and Brent is at $85.14 a barrel

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

“Zero Waste” program to be implemented within Baku Energy Week

Oil price goes down, and Brent is at $86.26 a barrel

Prices for oil of benchmark grade are declining in Monday’s trading after a rise following the past week.

Action plan to be prepared to restore operation of Zardab oilfield

Azerbaijan's crude oil production reaches 515,000 b/d for March

Oil price goes down, and Brent is at $86.96 a barrel

Prices for oil of benchmark grades are declining in Thursday’s trading after rising following the previous session.

A company engaged in processing of used oils made profit

Exol Azerbaijan CJSC, engaged in the processing of used oils in Azerbaijan, published a report for 2022.

Baku Energy Week once again brings major players of the sector together

Between 31 May and 3 June, Azerbaijan is hosting Baku Energy Week, the Caspian region's most prestigious in the field of energy.

Azerbaijan increased electricity production by 7.7%

In the 1st quarter of 2023, electricity production in Azerbaijan grew by 7.7% (against Q1 of 2022) up to 7.756 bn kWh, exports – 1.238 bn kWh and imports 31.3 million kWh.

Cost of oil grows, and Brent is at $85.81 a barrel

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

.4 million tons of oil exported for past 3 months

Azerbaijan exported 6.4 million tons of oil with condensate for Jan-Mar 2023.

TANAP provided Türkiye with 1.4 bn cu m of gas for Q1 of 2023

In the 1st quarter of 2023, oil condensate production in Azerbaijan amounted to 7.7 million tons and exports - 6.4 million tons.