Oil keeps on rising in cost, and Brent is at $75.34 a barrel

Prices for oil of standard grades continue increasing in Thursday’s trading after the rise the day before amid the official data about decline in energy stocks in the U.S.

Another SOCAR official resigns from his post

The head of the Investment Department of the State Oil Company of Azerbaijan, Vagif Aliyev, has been dismissed from his post.

Income received for first 6 months of 2021 from sale of Shah Deniz gas and condensate

Over Jan-Jun 2021 the State Oil Fund of Azerbaijan (SOFAZ) earned $70.978 million from the sale of gas and condensate on Shah Deniz field located in the Azerbaijani sector of the Caspian Sea

Oil Fund unveils data about its income for 1st half of 2021

The Azerbaijan State Oil Fund (SOFAZ) has published revenues on fields Azeri-Chirag-Guneshli (ACG) and Shah Deniz located in the Azerbaijani sector of the Caspian Sea.

Oil prices are rising, and Brent is at $74.79 a barrel

Prices for oil are increasing in Wednesday’s trading amid the data about decline in U.S. inventories last week

TAP has the highest daily transport capacity

Oil gets more expensive, and Brent is at $74.86 a barrel

Oil prices are increasing in Tuesday’s trading. The market is supported by the prospects of active demand in the U.S.

Oil gets cheaper, and Brent is at $73.33 per barrel

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

Oil prices decline after rising the day before, and Brent is at $73.57 a barrel

Oil of standard grades is getting cheaper in Friday’s trading after steady rise following the previous session

Oil price forecast announced

Russian company LUKOIL expects that in the near future the oil price will continue to fluctuate around $68-75 per barrel

A large amount to be invested in hydrogen energy

By 2030, it is planned to invest $500 bn in hydrogen energy, which is considered as an alternative to traditional fuel in the energy, industrial and transport sectors

A large company has closed its representative office in Azerbaijan

Chevron BTC Pipeline has announced the liquidation of its representative office in Azerbaijan

Oil gets cheaper after a jump up the day before, and Brent is at $72.05 per barrel

Prices for oil of standard grades are declining in Thursday’s tarding amid the rapid spread of a new Covid-19 strain Delta around the world

Volumes of Azerbaijan’s gas export for past 6 months unveiled

Over Jan-Jun 2021, according to customs declarations, Azerbaijan exported 10.347 bn cu m of natural gas (57.3% more versus Jan-Jun 2020)

SOCAR New Energy starts supplying LPG to Ukraine

SOCAR New Energy, an exclusive supplier of Rosneft's oil products to Ukraine, has started supplying liquefied petroleum gas (LPG) on term contracts

Oil grew in value in Friday’s trading and decreased following this week

Prices for oil of standard grades increased on Friday, despite their fall during this week.

President orders allocation of money finances for completion of construction at Ordubad hydro-power station

President Ilham Aliyev has signed an order on some issues related to the further construction of the Ordubad hydroelectric power station

SOCAR increases oil and gas production

In the 2nd quarter of the current year SOCAR produced about 2 million tons of oil and about 2 billion tons of gas in the fields directly exploited

Oil cheapens, and Brent is at $73.10 a barrel

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

Azerbaijan has reported on electricity generated by power plants

Azerbaijan observes growth on electricity export and import

Azerbaijan’s generation of electricity for June 2021 totaled 2.278 bn kWh, exports 99.01 million kWh and imports 12.1 million kWh