Production in extractive industry fell by 5.2% for Jan-Aug

Over Jan-Aug 2020 Azerbaijan produced 23.42 million tons of crude oil (including gas condensate) and 24.9 bn cu m of natural gas.

SOCAR opens 50th gas station in Europe

The State Oil Company of Azerbaijan (SOCAR) has put into operation the 50th gas station in Romania.

Azerbaijan`s crude oil sale earnings sharply fell more than by $3 bn

The State Customs Committee of Azerbaijan has published a report for Jan-Aug 2020

Oil prices decline, and Brent is at $39.53 a barrel

Oil keeps on falling in price on Tuesday after a slight drop in prices at the end of the previous session.

Azerbaijan reduced generating electricity in August

New SOCAR-Petroleum refueling station commissioned

A new gas station under the SOCAR brand has been put into operation in Salyan, on the 119 km of Baku-Astara road

Oil prices rise after last week’s falling, and Brent is at $39.94 a barrel

Benchmark oil prices are rising on Monday after a sharp decline following the past week

Oil cheapens and may end second week with a price decline, and Brent is at $39.93 a barrel

In the course of the trading on Friday the oil prices are falling amid the data on US inventories published the day before and concerns about demand

Oil prices fall amid data about growth of stocks in U.S., and Brent is at $40.76 a barrel

Oil prices are declining on Thursday amid the data from the American Petroleum Institute, which showed an increase in US reserves by 3 million barrels last week

Azerbaijan’s oil production reached 669,100 bpd for August

Azerbaijan exceeded its obligations within OPEC+ in August

Gasoline in Georgia to rise in price

Gas prices are likely to increased in Georgia in the coming months

Oil price keeps on falling after drop to lower limit for past 3 months, and Brent is at $39.72 a barrel

Benchmark oil prices continued to decline on Wednesday, falling the day before to the lowest level since June

MP forecast: Causes of decline in oil prices

Oil price falls, and price of Brent drops to $41.91 a barrel

Oil prices are lowering on Tuesday amid signals that the demand will remain weak

Azerbaijan’s oil products detained at customs? – Explanation

Petroleum products come to Azerbaijan through Afghan dealers and sometimes smugglers that negatively affects the control of quality of products

Oil falls in price, and Brent is at $42.10 a barrel

Oil is cheapening on Monday amid the news that Saudi Arabia`s state oil company, Saudi Aramco, intends to cut prices in October for all types of oil for buyers from Asia and the U.S.

Petkim`s general director: Petkim received 1 bn TRY for 6 months

During the pandemic we witnessed that many petrochemical plants and refineries around the world reduced production, and some temporarily stopped production

In 2nd quarter Petkim exported $100 million

Azerbaijan exported 705,700 tons of petroleum products this year

Over Jan-Jul 2020 Azerbaijan exported 705,797.94 tons of oil and petroleum products, including products with 70% or more content of oil or petroleum products, for $194.423 million

Oil rises in price, and Brent is at $45.17 a barrel

In Monday`s trading the benchmark oil prices are increasing amid expectations of an OPEC+ meeting this week

Azerigaz CEO: We agreed to benefits, but in response we saw quite a low percentage of payment