Countries which imported most of all oil from Azerbaijan

Over Jan-Mar 2021 Azerbaijan exported 3.6 million tons of oil to Italy for $1.358 bn

SOCAR rep: Second production platform to be built at Umid field

SOCAR plans to build and put into operation a second production platform at Umid field located in the Azerbaijani sector of the Caspian Sea in a few years

Azerbaijan's natural gas exports increased sharply

Over the first 3 months of 2021 the volume of natural gas export from Azerbaijan has increased much

President took part in opening of substations

On 19 April President Ilham Aliyev attended the opening of the 220/110/10 KV Govsan substation of Azerenerji OJSC in Surakhani district

Oil falls in cost, and Brent is at $66.67 a barrel

Oil prices are declining after a jump following the past week

SOCAR published a report for Q1 - more than AZN 1.4 million tons of oil refined

The oil refining complex of the Azerbaijan State Oil Company (SOCAR) has processed more than 1.4 million tons of oil and more than 1.1 bn cu m of natural gas

Oil keeps on rising in price, and Brent is at $67.33 a barrel

Oil prices are increasing in Friday’s trading due to optimism about the prospects for energy demand

Azerbaijan suspends heating season from today

Starting from today, Azeristiliktedzhizat will stop supplying heat both in Baku and in the districts of the country

Oil prices fluctuate, and Brent is at $66.61 a barrel

Prices of oil of standard grades on Thursday have moved weakly and in different directions after the day before they reached the highest level since mid-March

Electricity generation increased last month

In March 2021, Azerbaijan generated 2.364 bn kWh of electricity

Oil has grown in price, and Brent is at $64.59 a barrel

Prices for oil of standard grades are increasing in Wednesday’ trading, after the release of data from the American Petroleum Institute about decline in U.S. inventories

IMF forecast: Azerbaijan's daily crude oil exports to decline

According to the updated forecasts of the International Monetary Fund, Azerbaijan’s daily crude oil exports this year will amount to 540,000 barrels (6.9% less than in 2020)

Two countries that invest most of all in wind energy

Last year, Turkey got in Top 5 of European countries on investments in wind energy projects

Cost of oil grows, and Brent is at $63.56 a barrel

Oil prices are rising in Tuesday’s trading, in anticipation of signals about the growth of consumer demand

Forecast: Natural gas extraction in Azerbaijan to increase

OPEC+ countries to increase gradually daily crude oil production

The 15th meeting of the OPEC+ ministers has taken place

Azerbaijan has reported about daily crude extraction plans

SOCAR’s functionality to be improved - a meeting held

The Supervisory Board of the State Oil Company (SOCAR) has held a regular meeting to discuss the state of implementation of Azerbaijani president’s tasks

Oil falls in cost, and Brent is at $62.68 a barrel

Benchmark oil prices are decreasing on Monday amid an increase in the incidence of coronavirus, which can lead to sharp reduction in the demand

Shafag-Asiman gas can be exported to Turkey or Europe

The gas extracted from the Shafag-Asiman structure can be exported to Turkey or Europe

Oil prices decline, Brent is at $62.97 a barrel

Prices for oil are decreasing in Friday’s trading under pressure of growth of rate of Covid-19 cases and new lockdowns, while oil stocks are declining