Oil soars after launch of negotiations with Iran

Oil jumped in cost sharply on Monday evening after the start of the eighth round of negotiations on the Iranian nuclear program in Vienna.

Petkim postpones purchase of a stake in SOCAR until end of 2022

Some time ago, it was reported that Petkim will receive an equity stake in SOCAR.

Oil grows in value, and Brent is at $78.68 a barrel

Prices for oil of standard grades are rising in Tuesday’s trading after a sharp rise the day before

Brent crude rises and WTI falls in value

The price of Brent crude is increasing and WTI declining in Monday’s trading. The WTI trading was not held on Friday due to the holiday in the U.S.

Forecast: A barrel of oil may remain at $75 in 2022

The price of oil in 2022 may remain at current levels, as $75 per barrel is a fairly stable value.

Brent crude oil falls to $76.45 per barrel

Cost of Brent crude oil is declining in Friday’s trading. Trading on WTI oil is not held due to the closing of the market before the holiday

Oil continues rising in value, and Brent is at $75.47 a barrel

Prices for oil of standard grades are growing in Thursday's trading

Another SOCAR gas station launched in Romania

One more SOCAR filling station has started operating in Romania.

Electricity provided for five liberated districts

The 1st Azerbaijan-Turkey Energy Forum has been held in Baku.

Baba Rzayev: We export electricity to several countries

"Azerbaijan exports electricity to several countries through Global Power (a subsidiary of national electricity supplier Azerenerji), operating in Turkey."

Poland accuses Russia of inflating gas prices

An "extreme situation" has developed in the gas market as a result of Russia's actions

BP-Azerbaijan: A new well under drilling

The Satti jack-up rig has moved to the Bibi-Heybat prospective area to commence the drilling of the second SWAP exploration well - BHEX01.

Gas price in Europe drops to $2,000

The fluctuation of gas prices in Europe continues

Forecast: Kazakhstan to increase sharply oil production

Energy crisis keeps Europe in a tight grip

The EU is approaching the worst energy crisis in history.

Oil grows in value, and Brent is at $74.04 a barrel

Prices for oil of standard grades are increasing weakly in Wednesday’s trading after a surge following the previous session

Azerbaijan increased gas exports for Jan-Nov

The volume of gas exported by Azerbaijan over Jan-Nov 2021 has been announced

Oil grows in value, and Brent is at $72.10 a barrel

Prices for oil of standard grades are increasing in Tuesday’s trading after falling at the end of the previous session

A large petrol station to be constructed in Shusha

The SOCAR petrol station on the section of Gorus-Kafan road has been built and has already been put into operation.

SOCAR employees' salaries to increase

The State Oil Company of Azerbaijan (SOCAR) is going to increase salaries of its employees

SOCAR opens a gas station on border with Armenia

A gas station has been put into operation today on the Azerbaijani-Armenian border, on the territory of Gubadli district.