Azerbaijan intends to launch new renewable energy projects with IFC support

The International Finance Corporation will submit proposals to the Azerbaijani government on the occasion of joint projects in the field of renewable energy sources

Oil prices keep on rising

The price of a barrel of Azerbaijani oil grade Azeri Light increased by $0.94

Power plant Severnaya 2 to open this year

Power plant Severnaya 2 to open this year

President Ilham Aliyev: SOCAR oil & gas extraction should remain stable

President Ilham Aliyev: SOCAR oil & gas extraction should remain stable

For past 10 years SOCAR cleaned more than 1,900 ha of polluted land from oil

For past 10 years SOCAR cleaned more than 1,900 ha of polluted land from oil

Prices for oil grow

The price of a barrel of Azerbaijani oil grade Azeri Light increased by $1.41

Azerbaijan’s Oil Company produced 7.5 million tons of oil in 2018

Azerbaijan’s Oil Company produced 7.5 million tons of oil in 2018

SOCAR drilled over 160,000 m last year

SOCAR drilled over 160,000 m last year

SOCAR increases natural gas production by 7.2%

SOCAR increases natural gas production by 7.2%

Oil has fallen in price

The price of a barrel of Azerbaijani oil grade Azeri Light decreased by $1.75

Azerenergy launches repairs and restoration at modular power plants

Azerenergy launches repairs and restoration at modular power plants

Azerbaijan ranks 10th among countries with lowest price of gasoline

Global Petrol Prices included Azerbaijan in Top 10 of countries with the lowest gasoline prices

SOCAR and KazMunaiGas sign Memorandum of Understanding

The State Oil Company of Azerbaijan and Kazakhstan’s national oil company KazMunaiGas signed the Memorandum of Understanding

Cost of Azerbaijani oil has increased

The price of a barrel of Azerbaijani oil grade Azeri Light grew by $0.10

Lukoil’s president: Oil prices to fluctuate at $55-65 in 1st half of 2019

Vagit Alekperov, president of the largest Russian private oil company Lukoil, announced his forecasts on oil prices in 2019

Lukoil and CIS states discuss transition to national currencies in payments for oil products

Lukoil has launched negotiations with the CIS countries about possible transition to national currencies in payments for supply of petroleum products

Oil keeps on falling in price

The price of a barrel of Azerbaijani oil grade Azeri Light declined by $0.42

Azerbaijan’s head and Equinor raised issues of further cooperation

President Ilham Aliyev held a meeting with Eldar Satre, CEO of Equinor within the framework of his Davos trip

Prices for oil declined

The price of a barrel of Azerbaijani oil grade Azeri Light has decreased by $1.38

OPEC publishes oil production cuts by Vienna agreement states

Since the beginning of 2017 implementation of the agreement on oil production cut has reached the level of 116%

OPEC+ Ministerial Committee`s meeting to be held in Baku on 18 March

The 13th Ministerial Meeting of OPEC and non-OPEC countries will be held in Baku on 18 March.