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  • Fuel and Energy
  • item

    TotalEnergies reduced net profit by 7% for Q2

    In the 2nd quarter of 2024, French oil & gas company TotalEnergies reduced its net profit by 7% year-on-year.

    25 July - 15:06

  • item

    Oil price down after rising the day before, Brent - $81.02 per barrel

    Prices for oil of benchmark grades are declining in Thursday’s trading after growth a day earlier.

    25 July - 09:35

  • item

    SOCAR acquires a 50% stake of Norwegian company in Karabakh field project

    Norwegian company Equinor has closed a deal on sale of a 50% stake to SOCAR in Karabakh field development project in the Azerbaijani sector of the Caspian Sea, ABC.AZ reports, referring to Equinor.

    24 July - 15:06

  • item

    Oil price goes up, and Brent - $81.23 per barrel

    Prices for oil of benchmark grades are rising in Wednesday’s trading after a drop at the end of the last session.

    24 July - 09:26

  • item

    Kazakhstan to export green energy via Azerbaijan

    23 July - 11:59

  • item

    Thailand increases purchases of crude oil from Azerbaijan 8-fold

    Thailand’s crude oil imports from Azerbaijan grew almost 8-fold in 2024.

    23 July - 11:11

  • item

    Oil price is stable, and Brent - $82.42 a barrel

    Prices of oil of benchmark grades are stable in Tuesday’s trading.

    23 July - 09:30

  • item

    Oil price goes up after last week’s drop, Brent - $83.07 per barrel

    Prices for oil of benchmark grades are rising in Monday’s trading after declining last week.

    22 July - 09:20

  • item

    Indian company acquired shares in ACG and BTC projects from Equinor

    19 July - 17:13

  • item

    Ilham Aliyev: Azerbaijan becomes an important gas supplier

    With respect to our energy projects, Azerbaijan is a reliable supplier. For almost 20 years, we initiated and, together with our neighbors, commissioned the pipeline that connected the Caspian and Mediterranean for the first time in history.

    19 July - 10:58

  • item

    President: There will be more opportunities for Azerbaijani gas to supply more European countries

    We have eight countries receiving Azerbaijani gas: five member states of EU - Bulgaria, Greece, Italy, Hungary, and Romania; two candidate countries – Georgia and Serbia; and Türkiye.

    19 July - 10:58

  • item

    Ilham Aliyev: Strategic partnership aims to double our gas supply to Europe

    The strategic partnership defined in Baku in the energy field, we planned to double our gas supply to Europe by the end of 2027.

    19 July - 10:49

  • item

    Oil price goes up, and Brent is at $84.62 a barrel

    Prices for oil of benchmark grades are declining in Friday’s trading.

    19 July - 09:50

  • item

    SOCAR to build plant in Switzerland

    The plans for the future include the production of siderates for export, SOCAR department head Mustafa Gurbanli said.

    18 July - 16:15

  • item

    SOCAR to sell carbon credits in Europe

    SOCAR is preparing for the next sale of carbon credits on the European market

    18 July - 15:46

  • item

    List of countries to which Azerbaijan sells the most oil

    Azerbaijan exported 11.1 million tons of oil to 20 countries for $7 billion for Jan-Jun 2024.

    18 July - 12:04

  • item

    Azerenergy's revenues decreased, while expenses grew

    Azerenergy OJSC received net profit of 175.11 million manats against 1.685 billion manats of income in 2023.

    18 July - 11:44

  • item

    Azerenergy's profit drops sharply – Report

    The net loss of Azerenergy's largest power plant, the Azerbaijan thermal power plant, in 2023 amounted to 2.32 million manats, while in 2022 the company made net profit of 4.33 million manats.

    18 July - 11:34

  • item

    Oil price still goes up, and Brent - $85.48 a barrel

    Prices for oil of benchmark grades keep on growing in Thursday's auction.

    18 July - 09:25

  • item

    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.

    17 July - 17:09

  • item

    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.

    17 July - 15:08

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  • Central Bank currency rates for September 28

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  • Sharp decline recorded on fast money transfers

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