An interesting forecast from experts regarding cheapening oil

Expert economist Rovshan Agayev calculated the minimum favorable oil price for the State Budget and the balance of payments in 2020.

Some types of fuel are exempt from customs duties – Cabinet`s decision

Fuel TC-1 for jet engines is exempt from import customs duties

President Ilham Aliyev: Daily production from Umid field is 3 million cu m of gas

SOCAR is actively developing the Umid-Babek field

Expert: Collapse of oil price below $50 in recent days sharply increases volatility of Russian ruble

Expert economist Rovshan Agayev calculated the minimum favorable oil price for the State Budget and the balance of payments for 2020 as a result of the calculations.

President Ilham Aliyev: Next year Azerbaijan to launch gas production from Absheron field

The fact that Azerbaijan and BP signed an agreement on the extension of the contract from 2024 to 2050 shows that the potential of Azeri-Chirag-Gunashli is really great

President Ilham Aliyev: Azerbaijan is already a transit country

In 2018, we already organized the official opening of the Southern Gas Corridor in Baku - Sangachal Terminal

Oil prices fall much last week, and Azeri Light by 13.7%

Prices for oil are rising during Monday`s trading after an essential drop last week

Oil continues to get cheaper, Azeri Light fell by $2.73

The price of oil reference marks continues to fall rapidly, below the lows more than 13 months

Azerbaijani Energy Minister: Southern Gas Corridor to be ready fully in autumn 2020

Oil prices fall to lowest level for year and continue falling

Prices for oil of standard grades continue declining on Thursday after they finished trading at the lowest levels in the last 13 months a day earlier

Azerigaz lifts gas pipelines on concrete pillars

In 2019 the gas pipelines with diameter of 530 mm and total length of more than 18 km were cleared of soil and raised on concrete pillars in the districts of Azerbaijan

Oil prices keep on falling

Oil prices are rising on Wednesday after falling the day before

Azerigaz dismissed Agsu office deputy head

Deputy head of the Agsu regional gas management department has been dismissed from his position

Global Energy Solutions received Safety Achievement Award from BP

BP hosted 2nd Contractor Safety Forum on February 19, 2020.

Oil prices rise after strong fall day before, while Azeri Light falls by $2.64

Oil prices are recovering during Tuesday`s trading after the highest drop for seven weeks the day before

Gas illegally distributed to neighbors in yard - Azerigaz moves to actions

SOCAR gas producing sub-company Azerigaz has spred information about illegal connections to the gas system and violations of the law

Azerigaz: Damage to gas sector exceeds AZN 6 million

42,839 acts on violation of the rules for using natural gas were drawn up around Azerbaijan for the past year for illegal connection to the gas system

Italian company to raise investments in energy sector of Azerbaijan - a contract signed

Italian energy turbine producer Ansaldo Energia has signed two contracts for study of various electricity production projects in Azerbaijan

Azerbaijan`s head: TAP project implemented by 92%

Azerbaijan is the number one supplier of crude oil to Italy

Rovnag Abdullayev: Our goal is to achieve sustainable development of people`s living standards

The State Oil Company of Azerbaijan and Italian company Snam signed a cooperation agreement

SOCAR signs an agreement with Snam