European Commission not changed its position on EU Gas Directive

The European Commission has not changed its position on tightening the EU Gas Directive

Oil prices decline

Cost of a barrel of Azerbaijani oil grade Azeri Light dropped by $1.38

European Commission sharply lowers oil price forecast 2019-20

The European Commission (EC) has revised its forecast on the average annual price of Brent oil in 2019-20

Azerbaijani Energy Minister calls oil price acceptable for development of domestic economy

Azerbaijani Energy Minister Parviz Shahbazov called the price of oil at $60-$70 acceptable for the country`s economy

Azerbaijani oil has grown in price

Cost of a barrel of Azerbaijani oil grade Azeri Light increased by $0.60

Oil exporters think a possibility of an alternative to OPEC

Saudi Arabia and its Persian Gulf allies advocate the transformation of OPEC and the consolidation of an alliance with Russia and other nine non-cartel oil-producing countries

Azerbaijani oil has dropped in price

Cost of a barrel of Azerbaijani oil grade Azeri Light decreased by $0.20

Azerbaijan and Total Eren agree on joint cooperation on renewable energy sources

The Ministry of Energy of Azerbaijan and Total Eren signed the Memorandum of Understanding on the development of renewable energy sources

Azerbaijan`s Energy Minister to take part in 22nd Eurasian Economic Summit

Azerbaijani Energy Minister Parviz Shahbazov is to participate in the 22nd Eurasian Economic Summit to be held , which will be held in Istanbul on 6-7 February

Azerbaijani oil has increased in price

The price of a barrel of Azerbaijani oil grade Azeri Light grew by $0.28 (0.42%).

Azerbaijani oil drops in price

The price of a barrel of Azerbaijani oil grade Azeri Light decreased by $0.14

Azerbaijan intends to launch new renewable energy projects with IFC support

The International Finance Corporation will submit proposals to the Azerbaijani government on the occasion of joint projects in the field of renewable energy sources

Oil prices keep on rising

The price of a barrel of Azerbaijani oil grade Azeri Light increased by $0.94

Power plant Severnaya 2 to open this year

Power plant Severnaya 2 to open this year

President Ilham Aliyev: SOCAR oil & gas extraction should remain stable

President Ilham Aliyev: SOCAR oil & gas extraction should remain stable

For past 10 years SOCAR cleaned more than 1,900 ha of polluted land from oil

For past 10 years SOCAR cleaned more than 1,900 ha of polluted land from oil

Prices for oil grow

The price of a barrel of Azerbaijani oil grade Azeri Light increased by $1.41

Azerbaijan’s Oil Company produced 7.5 million tons of oil in 2018

Azerbaijan’s Oil Company produced 7.5 million tons of oil in 2018

SOCAR drilled over 160,000 m last year

SOCAR drilled over 160,000 m last year

SOCAR increases natural gas production by 7.2%

SOCAR increases natural gas production by 7.2%

Oil has fallen in price

The price of a barrel of Azerbaijani oil grade Azeri Light decreased by $1.75