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

SOCAR suspends work on open sections of platforms

The Azerbaijan State Oil Company (SOCAR) has suspended work on open platforms due to weather conditions.

Oil price falls amid data about growth of stocks in U.S., and Brent is at $55.93 a barrel

Oil prices are lowerin in Thursday’s trading amid the data from the American Petroleum Institute (API) about the growth of stocks in the U.S. last week

Oil prices change in different directions, and Brent has grown up to $55.06 a barrel

Oil prices are changing in different directions in Tuesday’s trading

Azerbaijan exported 125,000 tons of petroleum bitumen in 2020

Our country’s export of petroleum bitumen totaled 125,000 tons last year (10.4-fold more against 2019)

Decline in oil demand has led to an increase in gas processing

Last year, SOCAR's Heydar Aliyev Oil Refinery processed 5.9 million tons of oil

Azerbaijan increased natural gas exports by 16%

SOCAR exported 17.9 million tons of crude to foreign markets for 2020

SOCAR gas extraction observed growth for 2020

SOCAR has published a report on its activities for the past year

SOCAR drilling units drilled 56,000 m last year

A significant decrease in drilling operations for 2020, as well as in case with oil production, is linked with the implementation of the OPEC deal

Azerbaijan increased exports of polyethylene and polypropylene in 2020

SOCAR Polymer became the largest exporter of polypropylene to Russia in 2020

Oil keeps on falling, and Brent is at $54.58 a barrel

Oil prices continue declining in Monday’s trading amid the strengthening of the US dollar

Oil falls in price, and Brent is at $56.16 a barrel

Prices for oil of standard grades are lowering in Friday’s trading after their rise the day before

TANAP can bring $1.5 bn of annual income to Azerbaijan

The volume of annual gross income of Trans-Anatolian Gas Pipeline (TANAP) after reaching its full capacity has been announced

Ways of gas supply to Nakhchivan sounded

The demand for gas in Turkey via TANAP is 6 bn cu m.

Volumes of gas carried so far via TANAP made public

A hydroelectric power plant under construction in Lachin – work approaches to end

The small hydroelectric power plant Gulabird with capacity of 8 MW, located on the territory of Lachin district, is undergoing renovation & restoration works which are now at stage of completion

Hybrid power plant under construction in Azerbaijan

New solar and hydroelectric power plants are being built in the Nakhchivan Autonomous Republic with taking into account the future prospects

Oil cheapens, and Brent is at $55.92 a barrel

Prices for oil of standard grades are lowering in Thursday’s trading, despite U.S. Department of Energy’s data about decrease in country’s oil stocks by 3.25 million barrels last week

Georgia announces gas volume to be bought from Azerbaijan in 2021

Georgia will ensure 92.3% of its gas demand in 2021 from gas purchased from Azerbaijan

Oil prices rise, and Brent is at $57.28 a barrel

After the growth the day before, the oil prices continued rising in Wednesday’s trading amid the data from the American Petroleum Institute about the decline in U.S. inventories