SOCAR earned AZN 17.567 bn in Turkey and AZN 44.625 bn in Switzerland

SOCAR's revenues from operations in Turkey amounted to AZN 17.567 bn in 2021 (2.3-fold more against 2020)

Bakelektrogainag completed 2021 with loss

Bakelektrogainag OJSC finished 2021 with net loss of AZN 105,200.

SOCAR's debt totals AZN 21.37 bn

As of 31 December 2021, SOCAR's total debt amounted to AZN 21.366 bn

Oil value rises, and Brent is at $105.33 a barrel

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

SOCAR sold its stake in a foreign company

SOCAR has sold its stake in Uzbekistan and Romania.

SOCAR unveils amount of income tax paid in 2021

The State Oil Company (SOCAR) paid AZN 1.16 bn of income tax

Cost of oil grows, and Brent is at $101.40 a barrel

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

Russia closes Kazakhstan's main terminal on oil export to Europe

The Primorsky District Court of Novorossiysk has decided to suspend the activities of the Caspian Pipeline Consortium (CPC) from 5 July for 30 days

OPEC secretary general has died

Mohammad Barkindo, a Nigerian politician and the secretary general of oil group OPEC, has died at the age of 63.

Oil prices rise after decline, Brent is at $104.41 a barrel

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

Medvedev: Japan to have neither oil nor gas from Russia

Japan can expect life without gas and oil from Russia

Azpetrol faced problems with sale of automobile fuel

Last week and on weekends, consumers encountered limited sale of fuel at Azpetrol gas stations.

Equinor loses more than $52 million daily due to strike

Equinor suffers losses of more than half a billion Norwegian kroners per day as a result of strikes by novice workers

Azəristiliktəchizat ended last year with loss

Azəristiliktəchizat completed 2021 with loss of 10,372,000 manats, while in 2020, its profit reached 1,033,000 manats.

Oil gets more expensive, and Brent is at $113.64 a barrel

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

Gas price in Europe exceeds $1,700 per 1,000 cu m

The cost of gas in Europe exceeded $1,700 per 1,000 CU M.

Iranian oil has fallen in price

Iran has lowered its oil prices to compete with Russia in China.

Oil gets cheaper, and Brent is at $111.50 a barrel

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

Azerbaijan starts importing gasoline AI-95 from Turkmenistan

During 4 months of 2022, Azerbaijan imported gasoline from Turkmenistan for premium AI-95 automobile engine.

Oil prices change in different directions, Brent is at $115.89 a barrel

Prices for oil of benchmark grades change in different directions in Thursday’s trading and end June with decline.

Azerbaijan cuts oil production – OPEC Report

The average daily oil production in Azerbaijan amounted to 590,000 barrels in 2021, and in annual comparison, this figure decreased by 3.4%