SOCAR declares prime cost of oil production

The prime cost of production of a ton of oil in 2020 amounted to 118.85 manats

Moody’s increases oil price forecast in 2022

Moody’s Investors Service has increased its medium-term oil price range for 2022 to $50-70/barrel.

Price of gasoline in Japan grows

The price of gasoline in Japan has reached the highest level in the last three years

Oil gets cheaper after publication about data on stocks in U.S., and Brent is at $80.52 a barrel

Prices for oil of benchmark grades are declining in Thursday’s trading, after the fall the day before amid the data of the Ministry of Energy about the growth of reserves in the U.S.

Belgian companies can participate in auction of renewable energy sources in Azerbaijan

Energy Minister Parviz Shahbazov met with Belgian Ambassador to Azerbaijan Michel Petermans.

About 5.5 bn cu m of gas carried via TAP pipeline

Oil grows in price, and Brent is at $82.84 a barrel

Prices for oil of benchmark grades are rising in Wednesday’s trading, after a jump the day before

Forecast: Oil price may exceed $100

A substation opens in Jabrayil – President took part in opening ceremony

On 4 October, President Ilham Aliyev took part in the opening of substation Jabrayil 110/35/10 kV.

Oil rises in price, and Brent is at $81.74 a barrel

Prices for oil of standard grades are increasing in Tuesday’s trading after a jump more than by 2% the day before against the background of OPEC+ states’ decision to keep the previously-adopted plan to increase oil production

SOCAR Energy Ukraine has taken a place among taxpayers

SOCAR's subsidiary in Ukraine SOCAR Energy Ukraine has entered Top 10 of taxpayers among 200 companies in the fuel market

Oil falls in cost, and Brent is at $79.16 a barrel

Prices for oil of standard grades are declining in Monday’s trading after growth following the previous session

OPEC's natural gas reserves lowered

Oil falls in value, and Brent is at $78.08 a barrel

Prices for oil of standard grades are declining in Friday’s trading after growth following the previous session

A new oil & gas field discovered in China

A new oil & gas field has been discovered in China.

Turkey sharply lowers gas imports from Azerbaijan

Oil slightly falls in cost, and Brent is at $78.61 a barrel

Prices for oil of standard grades are slightly declining in Thursday’s trading after the publication of a report by the U.S. Department of Energy about the increase in country’s reserves

Oil gets cheaper, and Brent is at $77.59 a barrel

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

Glensol achieves significant milestone, as it becomes manufacturer of critical spare parts

Azerbaijan and Turkey extend a deal for Shah Deniz-1

Azerbaijan and Turkey have extended the agreement on gas supplies at the Shah Deniz-1 field

Cost of gas in Europe continues to grow and has exceeded $1,000

In the course of today's trading the price of gas in Europe has again exceeded $1,000 per 1,000 cu m