Share of renewable energy in Azerbaijan's energy sector to reach 40% by 2035

In 10 years, solar panels have fallen in price to 90%

Oil price goes up, Brent - $73.70 a barrel

OPEC+ manages to increase oil production at expense of this country

Azerbaijan lags behind OPEC quota+ for November

In November 2024, Azerbaijan's daily oil production (with condensate) amounted to 80,771 tons.

BP and Shell cut investments in electric power industry

Large oil companies made profit of $214.5 bn in 10 months

The profit of the 9 largest oil companies in the world in the period from January to September decreased by 15.1% compared with Jan-Sept 2023 to nearly $182.15 bn.

Asian oil and gas companies replace European ones in Azerbaijan

To date, 648.4 million tons of oil produced from two fields in Azerbaijan

Price of Azerbaijani oil has grown

Azerbaijani crude oil Azeri Light (CIF) has increased in value at the world markets.

In 11 months, gas extraction totaled 45.8 bcm in Azerbaijan

According to operational data, oil and condensate production in Azerbaijan for Jan-Nov 2024 amounted to 26.5 million tons, and exports - 22.2 million tons.

Oil price goes up, Brent - $72.56 a barrel

Prices for oil of benchmark grades are rising in Wednesday's trading.

Management of South Gas Corridor entrusted to SOCAR

Azerbaijani oil has risen in price

Oil price goes down, Brent - $71.77 a barrel

Prices for oil of benchmark grades are declining in Tuesday’s trading after griwth following the the previous session.

President endorses protocol of agreement between Azerbaijan, Georgia, Romania and Hungary

President Ilham Aliyev has approved a protocol on amendments to the strategic partnership agreement between Azerbaijan, Georgia, Romania and Hungary.

Bad news for oil exporting countries: U.S. to sharply increase oil exports

Equinor's activity in Azerbaijan has ended

Socar Gas Georgia to acquire gas pipelines in regions of Georgia

The Georgian government has approved the direct sale of gas pipelines in areas in western Georgia to Azerbaijani company Socar Gas Georgia for GEL 19.8 million.

Oil price goes up, Brent - $71.48 a barrel

Prices for oil of benchmark grades are rising in Monday's trading.

SOFAZ's revenues from Shah Deniz field decline 3-fold