Azerishig not to sell electricity

In the future, the authority to sell electricity will be removed from Azerishig.

Azerbaijan plans to increase share of renewable to 30% by 2030

The Azerbaijani government aims to increase the share of renewables in total electricity production to 30% by 2030.

Russia earns billions of dollars on oil, despite Western sanctions

Despite Western sanctions, Russia earns billions of dollars from fuel sales. The withdrawal of the British energy giants Shell and BP from the market did not become an obstacle either.

Oil price falls, and Brent is at $83.08 per barrel

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

A new gas station put into operation in Lachin

SOCAR Petroleum CJSC has commissioned a gas station in the city of Lachin

Cost of oil grows, and Brent is at $83.36 a barrel

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

Oil supplies via Baku-Supsa pipeline to resume

BP will resume oil shipments from the Georgian port of Supsa on the Black Sea.

Shah Deniz gas extraction to be cheaper

Gas production from Shah Deniz will be cheaper.

Oil gets cheaper, and Brent is at $84.27 per barrel

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

Oil price rises, and Brent is at $85.88 a barrel

Prices for oil of benchmark grades are increasing in Thursday's trading.

Which country buys the most oil from Azerbaijan?

Azerbaijan exported 848,983.07 tons of oil to Italy for $538.3 million this January. Thus, Italy took the 1st place in Azerbaijan's total oil exports.

Azerbaijan increases income from export of petroleum products

In January 2023, Azerbaijan exported 68,643.99 tons of petroleum products for $45.9 million.

Stocks of oil and petroleum products in OECD countries observed decline for December

SOCAR builds first hydrogen filling station in Switzerland

SOCAR Energy Switzerland is building the first hydrogen filling station on a Swiss motorway at the Grauholz Süd filling station near Bern.

OPEC has published forecast on oil production in Azerbaijan for 2023

The Organization of Petroleum Exporting Countries (OPEC) has not changed its forecast on the average daily production of oil and other liquid hydrocarbons in Azerbaijan for 2023.

Cost of oil drops, and Brent is at $84.80 a barrel

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

Electricity production in Azerbaijan increased in January

Azerbaijan produced 2.759 bn kWh of electricity in January 2023, which is 199.8 million kWh or 7.8% more than in January 2022.

Slovakia and Azerbaijan can cooperate in this area

Slovakia and Azerbaijan can cooperate in the field of decarbonization of gas networks

Oil price goes down, and Brent is at $85.99 a barrel

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

Last month’s oil production in Azerbaijan reached 2.7 million tons

To date, 204.6 bn cu m of gas have been produced from Azeri-Chirag-Guneshli and about 185 bn cu m from Shah Deniz.

Azerbaijan produced 4.2 bn cu m of natural gas in January

Azerbaijan extracted 4.2 bn cu m of natural gas in January 2023.