OPEC cuts its forecast of growth in global oil demand in 2019

In its February`s report OPEC lowered the forecast of growth of world oil demand in 2019 by 50,000 bpd to 1.24 million barrels

Absheron SOCAR declares liquidation

SOCAR Absheron (a subsidiary of the State Oil Company of Azerbaijan) announced its liquidation

France’s Total hopes to stay in Venezuela, despite sanctions against latter

French oil company Total hopes to keep its presence in Venezuela, despite the sanctions imposed by the U.S. against the country

Oil prices keeps on falling

Cost of a barrel of Azerbaijani oil grade Azeri Azeri LT CIF decreased by $0.42

Azerbaijan’s daily oil production reached 793,000 barrels in January

The daily volume of oil production in Azerbaijan for January 2019 totaled 793,000 barrels, including 720,000 barrels of crude oil and 73,000 of gas condensate

European Commission not changed its position on EU Gas Directive

The European Commission has not changed its position on tightening the EU Gas Directive

Oil prices decline

Cost of a barrel of Azerbaijani oil grade Azeri Light dropped by $1.38

European Commission sharply lowers oil price forecast 2019-20

The European Commission (EC) has revised its forecast on the average annual price of Brent oil in 2019-20

Azerbaijani Energy Minister calls oil price acceptable for development of domestic economy

Azerbaijani Energy Minister Parviz Shahbazov called the price of oil at $60-$70 acceptable for the country`s economy

Azerbaijani oil has grown in price

Cost of a barrel of Azerbaijani oil grade Azeri Light increased by $0.60

Oil exporters think a possibility of an alternative to OPEC

Saudi Arabia and its Persian Gulf allies advocate the transformation of OPEC and the consolidation of an alliance with Russia and other nine non-cartel oil-producing countries

Azerbaijani oil has dropped in price

Cost of a barrel of Azerbaijani oil grade Azeri Light decreased by $0.20

Azerbaijan and Total Eren agree on joint cooperation on renewable energy sources

The Ministry of Energy of Azerbaijan and Total Eren signed the Memorandum of Understanding on the development of renewable energy sources

Azerbaijan`s Energy Minister to take part in 22nd Eurasian Economic Summit

Azerbaijani Energy Minister Parviz Shahbazov is to participate in the 22nd Eurasian Economic Summit to be held , which will be held in Istanbul on 6-7 February

Azerbaijani oil has increased in price

The price of a barrel of Azerbaijani oil grade Azeri Light grew by $0.28 (0.42%).

Azerbaijani oil drops in price

The price of a barrel of Azerbaijani oil grade Azeri Light decreased by $0.14

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