Azerbaijan’s manufacture of petroleum products increased for Jan-Nov

The manufacture of petroleum products in Azerbaijan for Jan-Nov 2021 grew in monetary terms by 14.6% (against Jan-Nov 2020) up to AZN 3.98 bn

Oil rises in cost, and Brent is at $74.53 a barrel

Prices for oil of standard grades are increasing in Thursday’s trading amid the data about decline in stocks in the U.S.

Azəriqaz grants one-week grace period to Azəristiliktəchizat for debt repaying

The Azerbaijani government has assumed the debt of Azəristiliktəchizat to Azəriqaz in the amount of more than AZN 34 million

Oil keeps on declining in value, and Brent is at $72.93 a barrel

OPEC+ countries cut oil production

MP criticized AZAL because of prices

Discussions relating to tourism have been held at today’s Milli Majlis meeting

Forecast: Recovery of oil demand to slow down temporarily due to coronavirus

The new strain of Covid-19 coronavirus "omicron" will temporarily slow down, but will not affect the recovery of oil demand

Oil gets cheaper, and Brent is at $74.22 a barrel

Prices for oil of standard grades are declining in Tuesday’s trading after falling the day before

Russian company increases its gas exports revenues

Azerbaijan fulfilled OPEC+ deal by 110% in November 2021

The daily oil production (with condensate) in Azerbaijan amounted to 708,400 barrels last month.

Extra capacities to be added to Azerbaijan's total energy production in coming years

The total capacity of energy generation in Azerbaijan has been published

Oil grows in cost, and Brent is at $76.09 a barrel

Prices for oil of standard grades are increasing in Monday’s trading after a rise following the past week

LUKOIL's stake in Shah Deniz decreased

Russian company Lukoil has announced the signing of amendments to the agreement on the purchase of a stake in the Shah Deniz project in the Azerbaijani sector of the Caspian Sea from Malaysian company Petronas, signed in October of this year.

SOCAR's equity stake in Shah Deniz project grows up to 14.35%

SOCAR increases its equity stake in the Shah Deniz and South Caucasus Gas pipeline (Baku-Tbilisi-Erzurum) projects

International oil companies’ earnings grew for first 9 months

Over Jan-Sept 2021 the proceeds of international oil & gas companies operating in Azerbaijan amounted to $1.7 bn (AZN 2.72 bn), ABC.AZ reports with reference to the Central Bank.

Oil gets cheaper, and Brent is at $74.22 a barrel

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

BP to increase share in Shah Deniz PSA – new agreement reached

BP has decided to increase its holding in the giant Shah Deniz gas field in the Caspian offshore Azerbaijan

Gas price in Europe falls

Oil rises in value, and Brent is at $76.42 a barrel

Prices for oil of standard grades are increasing in Thursday’s trading amid the U.S. Department of Energy’s data about the decline in country’s oil reserves

U.S. reduces forecast on oil prices

The U.S. has lowered the forecast for Brent crude oil prices for 2021-2022.

Oil falls in cost, and Brent is at $75.24 a barrel

Prices for oil of standard grades are declining in Wednesday’s trading, after an increase following the previous session