SOCAR to sell 4,000 tons of diesel fuel to Defence Ministry of Ukraine

Gazprom sharply increases gas exports to European countries

More than 567 million tons of oil extracted from ACG and Shah Deniz

Since the commissioning of oilfield block Azeri-Chirag-Guneshli and the Shah Deniz gas condensate field until 1 July about 567 million tons of oil were produced.

Operation of South Caucasus pipeline transferred from BP to SOCAR

Natural gas sales from Azerbaijan abroad increased

Over the first 6 months of this year natural gas sales from Azerbaijan abroad amounted to about 9.1 bn cu m

183 bn cu m of natural gas extracted form ACG

Since the commissioning of field block Azeri-Chirag-Guneshli 183 bn cu m of natural gas have been produced until 1 July 2021

2.7 bn cu m of gas delivered to Turkey via TANAP

Azerbaijan’s oil exports reduced for past half of 2021

Over the past 6 months of 2021 Azerbaijan directed about 14 million tons of oil (together with condensate) for export

Oil gets cheaper, and Brent is at $74.64 a barrel

Prices for oil of standard grades are declining in Monday’s trading after growth following the previous trading

SOCAR builds a plant in Switzerland

SOCAR will participate in a joint project of an electrolysis plant with capacity of up to 10 MW with two companies that are active in the energy supply of Switzerland

Oil keeps on rising in cost, and Brent is at $75.34 a barrel

Prices for oil of standard grades continue increasing in Thursday’s trading after the rise the day before amid the official data about decline in energy stocks in the U.S.

Another SOCAR official resigns from his post

The head of the Investment Department of the State Oil Company of Azerbaijan, Vagif Aliyev, has been dismissed from his post.

Income received for first 6 months of 2021 from sale of Shah Deniz gas and condensate

Over Jan-Jun 2021 the State Oil Fund of Azerbaijan (SOFAZ) earned $70.978 million from the sale of gas and condensate on Shah Deniz field located in the Azerbaijani sector of the Caspian Sea

Oil Fund unveils data about its income for 1st half of 2021

The Azerbaijan State Oil Fund (SOFAZ) has published revenues on fields Azeri-Chirag-Guneshli (ACG) and Shah Deniz located in the Azerbaijani sector of the Caspian Sea.

Oil prices are rising, and Brent is at $74.79 a barrel

Prices for oil are increasing in Wednesday’s trading amid the data about decline in U.S. inventories last week

TAP has the highest daily transport capacity

Oil gets more expensive, and Brent is at $74.86 a barrel

Oil prices are increasing in Tuesday’s trading. The market is supported by the prospects of active demand in the U.S.

Oil gets cheaper, and Brent is at $73.33 per barrel

Prices for oil of standard grades are declining in Monday’s trading

Oil prices decline after rising the day before, and Brent is at $73.57 a barrel

Oil of standard grades is getting cheaper in Friday’s trading after steady rise following the previous session

Oil price forecast announced

Russian company LUKOIL expects that in the near future the oil price will continue to fluctuate around $68-75 per barrel

A large amount to be invested in hydrogen energy

By 2030, it is planned to invest $500 bn in hydrogen energy, which is considered as an alternative to traditional fuel in the energy, industrial and transport sectors