Production of petroleum products grew by 25.4% over Jan-May

Azerbaijan increased gas export by 9.6% for past 5 months

Azerbaijani natural gas export increased by 9.6% for Jan-May.

Parviz Shahbazov: Natural gas production growth reaches 3%

According to operational data for Jan-May 2023, oil-condensate production was 12.7 million tons, and export was 10.6 million tons.

Cost of oil goes up, and Brent is at $72.30 a barrel

Prices for oil of benchmark grades are increasing in Tuesday’s trading after a strong fall following the previous session.

Goldman Sachs lowers its oil price forecast

For the third time in the last six months, Goldman Sachs has revised down its estimate of oil prices.

Oil price goes down, and Brent is at $73.89 a barrel

Prices for oil of benchmark grades continue falling in Monday’s trading after decline following the past week.

Cost of oil drops, and Brent is at $75.44 a barrel

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

Oil price is stable, and Brent is at $76.97 a barrel

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

ICGB has chosen the insurer for IGB

Independent transport project operator ICGB has chosen the insurer of the Greece-Bulgaria interconnector.

Oil price goes up, and Brent is at $75.89 a barrel

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

SOFAZ income from Shah Deniz grew by 78% this year

Oil gets cheaper, and Brent is at $76.45 a barrel

Prices for oil of benchmark grades are declining in Tuesday’s trading after a rise at the end of the previous session.

OPEC makes a new decision - Azerbaijan to reduce oil production

Oil price grows, and Brent is at $77.00 a barrel

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

A new solar power plant commissioned in Sharur

The 3 MW solar power plant was put into operation in Sharur district on 2 June.

SOCAR to start producing gasoline on Euro-5 standards in 2024

Oil price grows, and Brent is at $74.61 a barrel

Prices for oil of benchmark grades are rising in Friday’s trading after growth following the the last trading.

Appointment at oil & gas company GL LTD

Rovshan Najaf: SOCAR has increased investments in oil & gas production lately

First gas to be extracted from Absheron field in coming weeks

In the coming weeks, the first gas will be extracted from the Absheron gas-condensate field in the Azerbaijani sector of the Caspian Sea.

Oil price goes down, and Brent is at $72.97 a barrel

Prices for oil of benchmark grades are increasing in Thursday’s trading after decline the day before.