Forecast: Bonuses to increase in connection with signing of oil & gas agreements

Bonus payments to investors in connection with the signing or execution of oil & gas agreements for 2021 are projected at the level of $456.5 million or AZN 776.05 million

Uncertainty is observed at oil market

The level of uncertainty in the global oil market is growing, stated Prince Abdul-Aziz bin Salman, the Energy Minister of Saudi Arabia, at the 13th video conference of the ministers of OPEC and non-OPEC countries (OPEC+)

Tariff Council did not accept SOCAR`s proposal to raise price for natural gas

Tariff Council decides if to increase prices for gasoline and diesel

The Tariff Council of Azerbaijan conducted a regular meeting on 4 January

Oil price falls, and Brent is at $50.94 a barrel

Oil prices are declining in Tuesday`s trading amid the expectations that the OPEC+ meeting will continue

SOCAR Trading signs long-term contract for oil supplies to Belarus

Oil price rises amid data about decline in U.S. inventories, and Brent is at $51.26 a barrel

Oil prices are growing in Wednesday`s trading after the publication of data from the American Petroleum Institute (API) about the decline in U.S. inventories last week

President signs an order on construction of a wind power plant

President Ilham Aliyev has signed an order on the measures aimed at implementing a pilot project of the construction of a 240 MW wind power plant

Oil rises in price, and Brent is at $51.10 a barrel

Prices for oil of standard grades are increasing in Tuesday`s trading

Oil cheapens, and Brent is at $51.14 a barrel

Prices for oil of standard grades are declining in Monday`s trading amid the news about the spread of a new strain of coronavirus

Azerbaijan to connect electrical grids with two countries

Relevant work is ongoing on the preparation of a feasibility study on the project of connecting electric networks between Azerbaijan, Russia, and Iran

Rovnag Abdullayev appointed to another post – in Turkey

Some changes have been conducted in the management of SOCAR Turkey, and group of companies Petkim Petrochemy Holding A.S. and STAR Oil Refinery.

Oil grows in price, and Brent is at $51.55 a barrel

Oil prices are increasing in Thursday’s trading amid the news about decrease in oil stocks in the U.S.

Gasoline price rise in Armenia as economic problems deepen

The economic turmoil in Armenia continues after the war

Azerbaijan can connect power systems with two countries

Officials of Iran and Azerbaijan discussed cooperation between the two countries in the field of electricity

Oil prices continue falling, and Brent is at $49.29 a barrel

Modernization of Azerikimya is under completion

Azerbaijan has published oil & gas revenue forecast for next 4 years

Azerbaijan will export oil & gas industry products for $13.37 bn in 2024

Azerbaijan to increase gas extraction next year – Forecast

Half of Georgia`s imported electricity comes from Azerbaijan

Over Jan-Nov 2020 Georgia imported 1.27 bn kWh of electricity

Oil keeps on falling, and Brent is at $50.25 a barrel

The prices for oil of standard grades continue to decline in Tuesday`s trading after falling the day before amid the news of revealing a new type of coronavirus.