President signs a decree on changes in SOCAR structure

President Ilham Aliyev has signed the decree on the amendments to the Presidential Decree #844 from 24 January 2003 "On improvement of the structure of the State Oil Company of Azerbaijan"

Gas extraction from Shah Deniz increased in 2021

In 2021, operating expenses on Shah Deniz exceeded $2 bn and capital expenditures amounted to approximately $680 million.

Data published on Shah Deniz gas delivery sent daily on average from Sangachal Terminal

Rovshan Najaf appointed First Vice President of SOCAR

President Ilham Aliyev has signed an order on the appointment of Rovshan Najaf as the First Vice President of the State Oil Company of Azerbaijan (SOCAR).

Data unveiled on gas delivered on average through installation on Neft Dashlari

Rovnag Abdullayev dismissed from post of SOCAR president

Azeri-Chirag-Guneshli production for 2021 published

bp has published a report on its activities in Azerbaijan.

bp spent $1.7 bn on ACG

The division of UK company bp in Azerbaijan has published a report on the results of 2021.

Gas prices in Europe drop to $890

Gas futures prices in Europe lost 2% by the close of trading and fell to almost $890 per 1,000 cu m.

Oil price is stable, and Brent is at $91.56 a barrel

Prices for oil of standard grades are stable in Thursday’s trading after the publication of data from the U.S. Department of Energy about the the reduction of fuel reserves in the country

EIA confirms forecast on Azerbaijani oil production volumes

The Energy Information Administration of the U.S. Department of Energy has not changed the forecast on daily production of oil and other liquid hydrocarbons in Azerbaijan for 2022-23

Oil rises in value, and Brent is at $91.18 a barrel

Prices for oil of standard grades are growing in Wednesday’s trading amid the data from the American Petroleum Institute (API), which showed decrease in fuel reserves in the U.S.

BP's total income grew by 50% for 2021

The net profit of UK oil & gas company BP amounted to $7.565 bn.

Parliamentary committee prepares a draft in connection with fines

President Ilham Aliyev attends launched ‘Yashma’ substation

Azerbaijani President Ilham Aliyev has attended the inauguration of the newly renovated 330/220/110/10 kV “Yashma” junction substation, which is of strategic interstate importance.

Oil falls in price, and Brent is at $92.46 a barrel

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

Fitch affirms rating of Southern Gas Transport Corridor

International rating agency Fitch Ratings has affirmed the long-term foreign currency rating assigned to the eurobonds of Azerbaijani Southern Gas Transport Corridor CJSC at the level of ‘BB+’.

Iran signs a contract with Dana Energy for $800 million for development of Sohrab oilfield

The National Iranian Oil Company (NIOC) has signed a $800 million contract with Dance Energy for the development of the Sohrab oil field bordering Iraq

Masdar works over projects in Karabakh

UAE’s Masdar (Abu Dhabi Future Energy Company) is working over projects in Karabakh.

Prices for oil move in diverse directions, and Brent is at $93.50 a barrel

Prices for oil of standard grades are moving in diverse directions in Monday’s trading

China increases gas purchases from Russia