David Zalkaliani: Georgia is committed to idea of realizing Southern Gas Corridor Project

Regional cooperation is the main driving force for long-term and sustainable development, and the best example of this is the trilateral format of Azerbaijan-Georgia-Turkey cooperation

Construction of gas pipeline TAP finished by 97%

Since the beginning of the construction of Trans-Adriatic Gas Pipeline (TAP), designed for the transportation of Azerbaijani gas to Europe, the work has been completed by 97%

Oil cheapens slightly after rise up to 5-month peak, and Brent is at $45.23 a barrel

Benchmark oil prices in Thursday`s trading declined moderately after growth the day before up to the highest since March 2020 amid the data about the reduction of inventories in the U.S. for the third week in a row

OPEC did not change its forecast on oil production in Azerbaijan for this year

The next year, the average daily production of oil and other liquid hydrocarbons in Azerbaijan will be at the level of 0.72 million barrels

Nakhchivan generated 193.2 million kWh of electricity for Jan-Jun

11,300 tons of Azerbaijani oil delivered to Ukrainian refineries

In July 2020 the oil transit through the territory of Ukraine via main pipelines increased by 27.1% compared with the 2019 same period

Oil price rises, and Brent is at $44.67 a barrel

Benchmark oil prices are rising on Wednesday amid data from the American Petroleum Institute about a decline in U.S. inventories over the past week.

Production of over 21 million tons of oil from Karabakh field is planned

Today, it is planned to produce more than 21 million tons of oil from Karabakh field

Completion of work on Absheron field is scheduled for 2023

It is planned to finish the work on the Absheron field in 2023

SOCAR and Equinor create a JV

SOCAR and Equinor are likely to establish a joint venture

BOS Shelf: Largest underwater structure in history of oil & gas production installed in Caspian Sea

Gazprom’s earnings from gas export halved

Gazprom’s income from gas exports for Jan-Jun 2020 decreased by 51.2% to $11.3 bn versus the 2019 same term

Oil price rises amid hopes of oil demand restoring, and Brent is at $45.20 a barrel

Benchmark oil prices continued growing in Tuesday’s trading after Saudi Aramco’s CEO Amin Nasser stated about expected recovery in demand in the markets.

President Ilham Aliyev: Shah Deniz is main source for us

The Southern Gas Corridor is our historic achievement, and there is little time left before its completion

President: ‘Karabakh’ is first oilfield discovered in Azerbaijan during the period of independence

In the 1990s, as a result of implementing the oil strategy, Heydar Aliyev signed a revenue sharing agreement. In the 1990s, three wells were drilled in this field

President took part in ceremony of launching the main jacket of Karabakh field into sea

Today, President Ilham Aliyev has taken part in the ceremony of launching the jacket of the Karabakh field into the sea at the Heydar Aliyev Baku Deepwater Jacket Factory

Oil prices rise on Monday, and Brent is at $44.87 a barrel

Benchmark oil prices are growing in Monday`s trading

SOCAR to support this pipeline – a relevant agreement signed

Oil price falls further after decline the day before, and Brent is at $44.94 a barrel

Prices for oil of standard grades continue to decline on Friday

SOCAR to provide fuel for planes at Bodrum airport

SOCAR Aviation has commissioned a gas station at the Milas-Bodrum airport

Oil keeps on rising price, and Brent is at $45.54 a barrel

Prices for oil of standard grades continued rising in Thursday`s trading after the rise the day amid the data from the US Department of Energy about the decline in country`s inventories