SOCAR AQS drills first multilateral well in South Caspian basin

SOCAR AQS is delighted to say that it has successfully completed the engineering and drilling operations of the first multilateral well for Azneft PU of SOCAR.

Moody's has made positive outlook on SOCAR

Moody's Investors Service has confirmed the rating of SOCAR (subordinate companies of the enterprise) at the level of ‘Ba2’ for corporate, default and priority unsecured bonds

Oil drops in cost, and Brent is at $62.84 a barrel

Benchmark oil prices are falling in Thursday’s trading, despite data about a decline in inventories in the U.S.

Oil goes up in value, and Brent is at $63.08 a barrel

Benchmark oil prices keep on growing in Wednesday’s trading

Contracts for construction of a solar power plant signed in Azerbaijan with UAE’s Masdar

The Ministry of Energy, Azerenerji OJSC and Masdar (UAE) signed an Investment Agreement, an Energy Purchase & Sale Agreement, and the Connection Agreement to the Transmission Network for the construction of a solar power plant with capacity of 230 MW

Oil grows in price, and Brent is at $62.65 a barrel

Oil prices are increasing in Tuesday’s trading, recovering losses after falling the day before

Oil declines in cost, and Brent is at $64.22 a barrel

Benchmark oil prices are declining in Monday’s trading

Shortage of oil production is observed in the world

The moderate deficit will continue on the market, despite the decision of the OPEC+ deal participants to increase the oil production from May

President has signed a decree

Oil grows in price, and Brent is at $63.11 a barrel

Oil prices, after their decline, are rising in Thursday’s trading in anticipation of the meeting of the OPEC+ countries’ ministers, at which the May’s quotas for oil production will be discussed

Azerbaijan increases gas exports to Turkey

Turkey imported 1.119 b cu m of gas from Azerbaijan in January of this year

Oil prices rise, and Brent is at $64.79 a barrel

Benchmark oil prices are growing on Wednesday amid traders' optimism about the prospects for oil demand

Oil falls in cost, and Brent is at $64.84 a barrel

Benchmark oil prices are declining in Tuesday’s trading

Problems appeared with supply of natural gas to these districts

Oil falls in cost, and Brent is at $63.14 a barrel

Oil prices of benchmark grades in Monday’s trading are declining amid the news of the removal of a container ship from the shoal, which blocked the Suez Canal last week

SOCAR eyes opportunities to participate in projects in Africa

Azerbaijan’s SOCAR Trading has set up a team to develop integrated LNG-to-power projects and aims to establish a carbon division this year

An agreement reached with UAE about a solar power plant project in Azerbaijan

The texts of contracts for the project of construction of a solar power plant in Azerbaijan have already been agreed with company Masdar

Oil keeps on falling in cost after decline the day before, and Brent is at $62.72 a barrel

Prices for oil of standard grades continue to fall on Friday after a sharp collapse in the trading the day before

Baku solid waste plant annually provides electricity to 100,000 families

Azerbaijan increased electricity exports in February

Oil falls in value after publication of data about growth of stocks in U.S., and Brent is at $67.52 a barrel

Prices for oil of standard grades continue to decline in Thursday’s trading, based on the data from the U.S. Department of Energy on the growth of oil reserves in the country