Accounts Chamber inspects Nakhchivan State Energy Service

Azerbaijan increased electricity production for past 4 months

According to operational data for Jan-Apr 2023, 9.85 bn kWh of electricity was generated in Azerbaijan.

Oil price goes down, and Brent is at $74 a barrel

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

SOCAR Türkiye to carry out first planned shutdown of STAR refinery in 2024

The planned shutdown of the SOCAR refinery of the State Oil Company of Azerbaijan (SOCAR) next year will be the first after its commissioning.

Why has Petkim's market share decreased?

SOCAR invested $70 million in digitalization in Türkiye alone

SOCAR gets a license to trade natural gas in Bulgaria

Azerbaijan increased gas exports by 10.5% in 4 months

Azerbaijan increased gas exports by 10.5% to 8.4 bn cu m for Jan-Apr 2023.

Oil price goes down, and Brent is at $74.61 a barrel

Prices for oil of benchmark grades continue to decline in Friday’s trading after falling the day before.

Ilham Aliyev received TotalEnergie's president for exploration & production

Azerbaijani President Ilham Aliyev has received TotalEnergie’s president for exploration & production Nicolas Terraz.

Cost of oil rises, and Brent is at $77.12 a barrel

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

Eni has started arbitration proceedings with Gazprom

Italian oil & gas group Eni is conducting arbitration proceedings in connection with the reduction of gas supplies from Gazprom.

Oil price goes down, and Brent is at $76.92 a barrel

Prices for oil of benchmark grades are declining in Wednesday’s trading after three consecutive sessions of growth.

Oil price grows, and Brent is at $75.69 a barrel

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

Cost of oil grows, and Brent is at $73.16 a barrel

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

SOFAZ unveils revenues on 2 fields in 4 months

The State Oil Fund of the Republic of Azerbaijan has published revenues on the Azeri-Chirag-Guneshli and Shah Deniz fields for the past 4 months of 2023.

Azerbaijan to export 10.2 bn cu m of gas to Türkiye this year

In 2023, it is planned to supply 10.2 bn cu m of Azerbaijani gas to Türkiye,

Azerbaijan ranks 3rd on gas supplies to Türkiye

Reserves of a new oil field in Türkiye estimated at 1 bn barrels

The potential of a new oil field discovered in the south-east of Türkiye is estimated at $1 bn barrels.

Oil price goes up, and Brent is at $72.87 a barrel

Prices for oil of benchmark grades are increasing in Thursday's trading after a 4% drop in the previous session.

Cost of oil goes down, and Brent is at $75.25 a barrel

Prices for oil of benchmark grades are declining in Wednesday’s trading after a sharp drop the day before.

Share of Azerbaijani gas in Europe has increased

In 2022, Azerbaijan's share in the European gas market increased to 6.9% from 4.9% in 2021