Indian declines to buy Russian oil

Indian Oil Corp (IOC) has excluded several high-sulphur crude grades, including Russian Urals, from its latest tender.

SOCAR interests in buying a Serbian company whose stake belongs to Russia

SOCAR is interested in acquiring the majority of shares of Serbian oil company NIS.

Up to 2,000 workers to be drawn to repair of Heydar Aliyev Oil Refinery

Cost of oil rises, and Brent is at $100.37 a barrel

Oil prices are increasing in Tuesday’s trading, after falling at the end of the last session

Cause why oil prices cannot rise named

Oil gets cheaper, and Brent is at $100.49 a barrel

Oil prices are declining in Monday’s trading.

New fines to be introduced for violations in connection with operation of gas

President Ilham Aliyev signed the draft amendments to the Code of Administrative Offences.

Oil gets cheaper, and Brent is traded below $100 a barrel

Oil prices are declining in Friday’s trading.

Hungary also to buy Russian gas in rubles

Hungary did not dare to abandon Russian gas and reacted positively to the actions of the ruble on the sale of natural gas by Russia to "unfriendly countries".

Azeri Light has grown by $41.08 against Q1 of 2021

The average price of Azeri Light on CIF-delivery terms was $102.68 per barrel in the 1st quarter of 2022.

Vagit Alekperov sounds alarm: Lukoil plants may be stopped due to sanctions

Large oil companies that have serious problems with fuel transportation may face not only decrease in production, but also the shutdown of refineries.

Embargo on coal supplies to be applied to Russia

German Economy Minister Robert Habeck stated last month that the country had cut coal imports from Russia by at least half.

Oil rises in value after fall the day before, and Brent is at $102.39 a barrel

Oil prices are growing in Thursday trading after a serious drop the day before more than by 5%.

Azerbaijan ranks 2nd worldwide for wind energy potential

Azerbaijan ranks 2nd worldwide on wind energy potential in offshore zones.

SOCAR to attract other contractors

Along with oil deposits with strategically important reserves, the State Oil Company of Azerbaijan (SOCAR) owns depleted fields, as well as those with hard-to-recover reserves.

Oil rises in price after decline the day before, Brent is at $107.12 a barrel

Oil prices are increasing in Wednesday’s trading after falling the day before.

IGB pipeline to be commissioned on time

90-95% of works have been done within the framework of construction of 182 km Interconnector Greece – Bulgaria – IGB to transport Azerbaijan's natural gas to Bulgaria.

Petronas Azerbaijan liquidated

The branch of Petronas Azerbaijan (Shah Deniz) S.A.R.L. in Azerbaijan has announced about its liquidation.

Kazakhstan plans to cut oil production

Oil grows in value, and Brent is at $108.73 a barrel

Prices for oil of benchmark grades keep on increasing in Tuesday's trading.

This country received $11 bn from oil exports.

Iraqi oil exports to the country reached in March a record of $11 bn in 50 years