BP to increase share in Shah Deniz PSA – new agreement reached

BP has decided to increase its holding in the giant Shah Deniz gas field in the Caspian offshore Azerbaijan

Gas price in Europe falls

Oil rises in value, and Brent is at $76.42 a barrel

Prices for oil of standard grades are increasing in Thursday’s trading amid the U.S. Department of Energy’s data about the decline in country’s oil reserves

U.S. reduces forecast on oil prices

The U.S. has lowered the forecast for Brent crude oil prices for 2021-2022.

Oil falls in cost, and Brent is at $75.24 a barrel

Prices for oil of standard grades are declining in Wednesday’s trading, after an increase following the previous session

Oil keeps on rising in price, and Brent is $73.71 a barrel

Prices for oil of standard grades continue increasing in Tuesday's trading

Shah Deniz production income exceeds $4 bn

Since 2007 the total revenue from the sale of gas and condensate at Shah Deniz amounted to $4.397 bn.

SOFAZ unveils data on finances received so far

The State Oil Fund of Azerbaijan (SOFAZ) has published revenues on Azeri-Chirag-Guneshli (ACG) and Shah Deniz since 1 December 2021.

Gas prices in Europe have fallen to $1,000

In the course of today`s trading the price of 1,000 cu m of gas in Europe fell below $1,000 for the first time since the end of this October.

Forecast for 2022: Profitability of State Oil Fund to decrease

The Accounts Chamber of Azerbaijan has presented the conclusion in connection with the draft budget of the State Oil Fund for 2022.

Oil Fund’s profitability for 9 months - Report

The profitability of State Oil Fund of Azerbaijan’s investment portfolio for the first 9 months of 2021 made up 3.1%

Oil rises in value, and Brent is at $71.35 a barrel

Prices for oil of standard grades are increasing in Monday’s trading

Oil gets more expensive, and Brent is at $71.57 a barrel

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

Nobel Oil Announces Major Rebrand

Agdam Industrial Park illuminated by energy from solar panels

Work on the organization of a social zone in the Agdam Industrial Park has already been finished

Russia’s oil extraction and exports increased last month

Russia has announced the volumes of oil and gas condensate production for November 2021.

Petkim plans to buy part of Star from SOCAR

Petkim plans to buy 18% of the Star Refinery from SOCAR, ABC.AZ reports citing Petkim CEO Anar Mammadov.

New appointment at SOCAR Petroleum

New general director has been appointed at SOCAR Petroleum, engaged in wholesale and retail sale of oil & petroleum products in the country

Oil prices grow, and Brent is at $69.28 a barrel

Prices for oil of standard grades are increasing in Thursday’s trading after decline the day before

Petkim to be closed for repairs next year

Turkey-based petrochemical complex SOCAR Petkim will be suspended for scheduled repairs next year

Nobel Oil announces rebranding

One of the companies that has been operating in Azerbaijan for a long time, Nobel Oil, has announced its rebranding