President Ilham Aliyev: Our non-energy industry grew by 12.5%

We'll have to start from scratch. And in this regard, we’ll need good partners in this area of our activities

Rovnag Abdullayev: Azerbaijan to create a stable raw material base for petrochemical industry

Azerbaijan State Oil Company (SOCAR) and Maire Teknimont Group have signed agreements on new generation installations.

SOCAR signs a contract with an Italian company

The alliance of companies Tecnimont/Kinetics Technology (the "daughters" of the Italian group of companies Maire Tecnimont SpA) will build three new plants at the Baku Oil Refinery named after Heydar Aliyev.

New director appointed to renewable energy agency

Tebriz Amayev has been appointed the director of the State Agency for Renewable Energy Sources under the Ministry of Energy

Oil prices keep on rising, and Brent is at $57.66 a barrel

Oil prices continue growth in Wednesday’s trading after a jump the day before

Oil rises in price, and Brent is at $56.91 a barrel

Oil prices are growing in Tuesday’s trading amid the news about decline in the oil production by some OPEC+ countries since February

President took part in opening of substations

Today, President Ilham Aliyev attended the opening of the reconstructed 220/110/10-kV and newly-built 110/35/10-kV Khirdalan substation

Date of production of gasoline and diesel fuel Euro 5 published

In compliance with the new schedule the start of manufacture of Euro-5 - compliant diesel fuel at the Heydar Aliyev Oil Refinery of SOCAR is scheduled for mid-2022

Statement about current stage of upgrade at Heydar Aliyev Oil Refinery

Modernization and reconstruction work is underway at the Heydar Aliyev Oil Refinery under SOCAR

AERA and EBRD held a meeting

An online meeting has been conducted between representatives of the Energy Regulatory Agency and the European Bank for Reconstruction & Development

Oil prices rise, and Brent is at $55.41 a barrel

Oil prices are growing in Monday’s trading amid the news that the OPEC+ countries are strictly complying with the terms of the agreement on the oil production cuts

Oil prices move in different directions, and Brent is at $55.57 a barrel

Prices for oil of standard grades are changing in different directions in Friday’s trading

Production of combi heating systems starts in Nakhchivan

Cahan Industrial Complex LLC has started manufacturing heating systems along with heating panels in Nakhchivan.

Oil prices decline, and Brent is at $55.52 a barrel

Prices for oil of benchmark grades are falling in Wednesday’s trading amid the expectations of lower demand for oil because of the grown incidence of Covid-19 and the current restrictive measures

Private investments to be raised to energy sector

Oil rises in price amid data about decline in U.S. inventories, and Brent is at $56.23 a barrel

Prices for oil of standard grades are growing in Wednesday’s trading after American Petroleum Institute’s data showed a decline in U.S. inventories last week

Over AZN 34 bn directed for oil & gas sector of Azerbaijan for past 5 years

The oil & gas sector of Azerbaijan has been financed AZN 34.4 bn for the last 5 years

Oil cheapens, and Brent is at $55.44 a barrel

Oil prices are lowering in Tuesday’s trading amid the deterioration of forecasts on the oil demand due to the continued high incidence of Covid-19 and slow vaccination

Forecast from a reputable agency: oil production to increase gradually

Rating agency S&P Global Ratings has published a forecast on the oil production in Azerbaijan this year

Oil prices change weakly, and Brent is at $55.37 a barrel

Prices for oil of standard grades are slightly changing during Monday’s trading after small changes at the end of last week

Oil prices fall, and Brent is at $55.44 a barrel

Oil prices are decreasing in Friday’s trading amid the prospect of falling oil demand due to the ongoing increase in the Covid-19 incidence around the world