Saudi Arabia to lower oil prices in October

In October, Saudi Arabia will lower prices for all types of oil for buyers from Asia and the Mediterranean countries

Oil gets cheaper, and Brent is $71.72 a barrel

Prices for oil of standard grades are declining in Monday’s trading amid signals about deterioration of the prospects for global demand because of a new wave of COVID-19 in the world

Oil rises in cost, and Brent is at $73.63 per barrel

Benchmark oil prices are growing at the auction on Friday

SOCAR increased its stake in a subsidiary in Turkey

The Turkey-based subsidiary of the State Oil Company of Azerbaijan has increased its stake in SOCAR Turkey Energy A.S. from 87% up to 100%

Pessimistic forecast: Russia's energy exports to decline sharply

According to Sberbank's forecast, Russia's energy exports as a result of the energy transition may decrease by $179 billion by 2035

Oil gets cheaper, and Brent is at $72.97 a barrel

Prices for oil of standard grades are declining in Friday’s trading after their growth more than by 2% at the end of the last session.

Oil gets cheaper, and Brent is at $71.35 a barrel

Prices are declining in Thursday’s trading after OPEC+’s decision to keep an increase in oil production

Gas prices in Europe increased by 3%

After the increase in gas prices in Europe, $625 is offered for 1,000 cu m of gas

Oil rises in value, and Brent is at $72.13 a barrel

Prices for oil of standard grades are growing in Wednesday’s trading after fall the day before

S Korea ranks 2nd largest investor in this sphere

Oil gets cheaper, and Brent is at $73.19 a barrel

Oil prices of reference grades are declining at the auction on Tuesday. The market is waiting for the next OPEC+ meeting, which is scheduled for 1 September.

115 million barrels of oil and condensate exported from Sangachal terminal

For the 1st half of this year 115 million barrels of oil and condensate were exported from the Sangachal terminal

SOFAZ increased earnings from ACG

BTC operating costs increased

3.66 bn barrels of oil carried via BTC

South Caucasus Pipeline capacity reached 46.5 million cu m

In the 1st half of the year expenditures on the South Caucasus Pipeline project amounted to $38 million

Shah Deniz gas field costs increased by 75%

Expenditures on Shah Deniz gas field reached $1.506 bn for the 1st half of 2021

Gas extraction from Shah Deniz field increased by 6%

Expenditures on ACG field block lowered by 8.5%

In the 1st half of 2021 the expenditures on Azeri-Chirag-Guneshli (ACG) oilfield block amounted to $1.112 bn

11 million tons of oil extracted from ACG oilfield block in 2021

President Ilham Aliyev attended opening of Surakhani substation

President Ilham Aliyev has attended the inauguration of the newly renovated 110/35/6 kV Surakhani substation