This country becomes the largest buyer of natural gas in Azerbaijan

In 5 months of 2024, Azerbaijan exported 9.91 bcm of natural gas abroad.

SOCAR and Slovenian company sign a Memorandum

The State Oil Company of Azerbaijan (SOCAR) has signed a Memorandum of Understanding with Geoplin, the largest natural gas supply company in Slovenia, on expanding cooperation.

$1.8 billion worth of Nigerian oil stolen in 10 years

Ogbonnaya Orji, Secretary General of the Nigerian Industrial Transparency Initiative (NEITI), said in a statement that the growing number of attacks in Nigeria's oil-producing regions and thefts at refineries continue to have negative impact on the country's economy.

SOCAR intends to acquire 51% of ATB shares

The State Oil Company of Azerbaijan (SOCAR) intends to acquire 51% of the shares of Azər Türk Bank (ATB).

Oil price down, and Brent - $83.59 a barrel

Prices for oil of benchmark grades are falling in Wednesday’s trading after decline following the last three sessions.

Volume of swap gas imported by Azerbaijan from Turkmenistan reduced

The volume of swap gas imported by Azerbaijan from Turkmenistan in the first 5 months of 2024 decreased by 49% compared with the 2023 same term.

Oil price goes up, and Brent is at $84.56 a barrel

Prices for oil of benchmark grades keep on falling in Tuesday's trading after a moderate decline a day earlier.

Gas transportation via Baku-Tbilisi-Erzurum pipeline increased by 4.6%

Over the first half of 2024, 20.54 billion cu m of gas were transported through the main gas pipelines of Azerbaijan.

AI-95 gasoline fell by 40 gapiks

Starting from today 1 liter of AI-95 gasoline will cost 1.60 manats.

Share of green energy in Azerbaijan has reached 15%

In the 1st half of 2024, the share of “green energy” in electricity production in Azerbaijan increased to 15%.

Oil price goes up, and Brent is at $85.17 a barrel

Prices for oil of benchmark grades are rising in Monday’s trading after a decline following the last week.

Tatneft to join the project on development of Bibi-Eibat field

"Tatneft will enter into a project to develop one of the oldest fields in Azerbaijan - Bibi-Eibat, where it will work together with SOCAR on introduction of technologies

Azerbaijan has cut imports of crude oil from Turkmenistan

Azerbaijan continued to purchase oil from Turkmenistan in May 2024, but significantly lower than last year's figure.

In Russia, they advocate a ban on gasoline exports

The Federal Antimonopoly Service of Russia advocates maintaining the ban on gasoline exports in August.

SOCAR Türkiye Yatırım received revenue of 1.2 billion manats last year

The subsidiary of the State Oil Company in Türkiye, SOCAR Türkiye Yatırım A.Ş. in 2023, received net profit in the equivalent of 1.186 billion manats (20.204 billion Turkish liras). In 2022, this figure reached 2.415 billion manats (26.568 billion Turkish liras).

Oil continues rising in price, and Brent is at $85.54 a barrel

Prices for oil of benchmark grades keep on growing in Friday’s trading, but are still in the red at the end of the week.

BP has signed a contract for use of Khankendi vessel

Data unveiled on production at ACG and Shah Deniz fields

In the first 6 months, the country produced 25.1 bcm of natural gas.

Oil production from ACG and Shah Deniz published

Over Jan-Jun 2024, the country produced about 14.4 million tons of oil (together with condensate).

Azerbaijan exported nearly 12 million tons of oil condensate in 1st half of 2024

According to operational data for Jan-Jun 2024, the production of oil condensate amounted to 14.4 million tons, and the volume of shipments for export — 11.9 million tons.

Azerbaijan reports rise of gas exports by about 6% for Jan-Jun

Over the first half of this year, Azerbaijan exported about 6.4 bcm of gas to Europe.