Reconstruction of small hydroelectric power plants starts in Sugovushan

Work has begun on the overhaul of small hydroelectric power plants Sugovushan-1 and Sugovushan-2 with total capacity of 7.8 MW in the occupation-liberated territories.

Oil cheapens, and Brent is at $55.54 a barrel

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

Iran to increase oil production - 8 agreements signed

Eight agreements on increase of oil production in Iran have been signed.

Oil cheapens, and Brent is at $55.40 a barrel

The prices for oil of standard grades are decreasing in Monday’s trading, after last week’s growth

After Greece, Azerbaijani gas has reached Italy

With the commissioning the Trans-Adriatic Gas Pipeline (TAP), Azerbaijani gas has reached Italy

Azerbaijani gas has reached Greece

Oil keeps on rising in price, and Brent is at $54.51 a barrel

Oil prices continue growing in Friday`s trading after showing an increase following the previous three tradings

Azerbaijan reports about decline of oil production and rise of gas extrcation

Azerbaijan exports daily 10.5 million cu m of gas to Italy

200 million cu m of gas to be saved due to this project

President Ilham Aliyev chaired a video format meeting held on 6 January and dedicated to the results of 2020

Parviz Shahbazov: Karabakh has renewable energy potential of over 4,500 MW

Energy Minister: Shukurbeyli substation to be reconstructed

Shukurbeyli substation in Fizuli district is to be reconstructed until May.

Oil grows in price, and Brent is at $54.59 a barrel

Price for oil of standard grades is increasing in Thursday`s trading.

Nakhchivan`s energy supply improves - a decision from Erdogan

Turkish President Recep Tayyip Erdogan has signed a decision on the necessary measures for the implementation of the Nakhchivan-Igdir gas pipeline project

Oil price observes growth, and Brent is at $53.87 a barrel

Oil prices are increasing in Wednesday`s trading after it was announced that Saudi Arabia will further lower its production in February and March

Forecast: Bonuses to increase in connection with signing of oil & gas agreements

Bonus payments to investors in connection with the signing or execution of oil & gas agreements for 2021 are projected at the level of $456.5 million or AZN 776.05 million

Uncertainty is observed at oil market

The level of uncertainty in the global oil market is growing, stated Prince Abdul-Aziz bin Salman, the Energy Minister of Saudi Arabia, at the 13th video conference of the ministers of OPEC and non-OPEC countries (OPEC+)

Tariff Council did not accept SOCAR`s proposal to raise price for natural gas

Tariff Council decides if to increase prices for gasoline and diesel

The Tariff Council of Azerbaijan conducted a regular meeting on 4 January

Oil price falls, and Brent is at $50.94 a barrel

Oil prices are declining in Tuesday`s trading amid the expectations that the OPEC+ meeting will continue

SOCAR Trading signs long-term contract for oil supplies to Belarus

Oil price rises amid data about decline in U.S. inventories, and Brent is at $51.26 a barrel

Oil prices are growing in Wednesday`s trading after the publication of data from the American Petroleum Institute (API) about the decline in U.S. inventories last week