IMF forecast: Azerbaijan's daily crude oil exports to decline

According to the updated forecasts of the International Monetary Fund, Azerbaijan’s daily crude oil exports this year will amount to 540,000 barrels (6.9% less than in 2020)

Two countries that invest most of all in wind energy

Last year, Turkey got in Top 5 of European countries on investments in wind energy projects

Cost of oil grows, and Brent is at $63.56 a barrel

Oil prices are rising in Tuesday’s trading, in anticipation of signals about the growth of consumer demand

Forecast: Natural gas extraction in Azerbaijan to increase

OPEC+ countries to increase gradually daily crude oil production

The 15th meeting of the OPEC+ ministers has taken place

Azerbaijan has reported about daily crude extraction plans

SOCAR’s functionality to be improved - a meeting held

The Supervisory Board of the State Oil Company (SOCAR) has held a regular meeting to discuss the state of implementation of Azerbaijani president’s tasks

Oil falls in cost, and Brent is at $62.68 a barrel

Benchmark oil prices are decreasing on Monday amid an increase in the incidence of coronavirus, which can lead to sharp reduction in the demand

Shafag-Asiman gas can be exported to Turkey or Europe

The gas extracted from the Shafag-Asiman structure can be exported to Turkey or Europe

Oil prices decline, Brent is at $62.97 a barrel

Prices for oil are decreasing in Friday’s trading under pressure of growth of rate of Covid-19 cases and new lockdowns, while oil stocks are declining

SOCAR AQS drills first multilateral well in South Caspian basin

SOCAR AQS is delighted to say that it has successfully completed the engineering and drilling operations of the first multilateral well for Azneft PU of SOCAR.

Moody's has made positive outlook on SOCAR

Moody's Investors Service has confirmed the rating of SOCAR (subordinate companies of the enterprise) at the level of ‘Ba2’ for corporate, default and priority unsecured bonds

Oil drops in cost, and Brent is at $62.84 a barrel

Benchmark oil prices are falling in Thursday’s trading, despite data about a decline in inventories in the U.S.

Oil goes up in value, and Brent is at $63.08 a barrel

Benchmark oil prices keep on growing in Wednesday’s trading

Contracts for construction of a solar power plant signed in Azerbaijan with UAE’s Masdar

The Ministry of Energy, Azerenerji OJSC and Masdar (UAE) signed an Investment Agreement, an Energy Purchase & Sale Agreement, and the Connection Agreement to the Transmission Network for the construction of a solar power plant with capacity of 230 MW

Oil grows in price, and Brent is at $62.65 a barrel

Oil prices are increasing in Tuesday’s trading, recovering losses after falling the day before

Oil declines in cost, and Brent is at $64.22 a barrel

Benchmark oil prices are declining in Monday’s trading

Shortage of oil production is observed in the world

The moderate deficit will continue on the market, despite the decision of the OPEC+ deal participants to increase the oil production from May

President has signed a decree

Oil grows in price, and Brent is at $63.11 a barrel

Oil prices, after their decline, are rising in Thursday’s trading in anticipation of the meeting of the OPEC+ countries’ ministers, at which the May’s quotas for oil production will be discussed

Azerbaijan increases gas exports to Turkey

Turkey imported 1.119 b cu m of gas from Azerbaijan in January of this year