Bulgarian company to invest in recycling of engine and industrial oil in Azerbaijan

The Economic Zones Development Agency (under the Azerbaijani Ministry of Economy) has issued a resident certificate of the Sumgayit Chemical Industrial Park to Caspian Lubricants Recycling Company (Bulgaria) at the Azerbaijan-Bulgaria business forum in Baku.

SOCAR eyes extending business in Bulgaria

The State Oil Company of Azerbaijan (SOCAR) plans to expand its business in Bulgaria and is working on the development of the domestic gas distribution network in this country.

SOCAR’s drilling operations for Q1 of 2024

In the 1st quarter of 2024, the State Oil Company of Azerbaijan (SOCAR) carried out a total of 17,644 meters of drilling operations.

Ilham Aliyev: Azerbaijan's gas exports to Bulgaria increase year by year

Azerbaijan's gas exports to Bulgaria are increasing year by year.

Oil keeps on falling in price, and Brent is at $82.70 a barrel

Prices for oil of benchmark grades are falling in Wednesday’s trading after a drop in the previous session.

Robert Fico: We want to import gas not only from Azerbaijan, but also from Ukraine

We not only want to buy gas from Azerbaijan. We want to import gas from Ukraine to Slovakia, and I really appreciate your constructive approach in this matter.

Ankara increases volume of two gas storage facilities

The Turkish authorities have decided to expand the storage capacity of natural gas in two underground gas storage facilities.

Azerbaijan and Iran to launch a hydroelectric plant on Araz River in coming days

The commissioning of Giz Galasi hydroelectric complex on the Azerbaijani-Iranian border will take place in the coming days

Azerbaijan transports its natural gas to Europe through reliable routes

Azerbaijan transports its natural gas to Europe through reliable routes.

SOFAZ's revenues from ACG decreased by 27%

Oil price goes up, and Brent is at $83.47 a barrel

Prices for oil of benchmark grades are slightly increasing in Tuesday's trading.

Oil price goes up, and Brent is at $83.31 a barrel

Prices for oil of benchmark grades are increasing in Monday’s trading after a drop following the previous week.

Azerbaijan, Saudi Arabia ink documents strengthening energy partnership

Indicators of Azeri-Chirag-Guneshli fields published

Over the entire period, more than 4.3 billion barrels of oil were produced from Azeri-Chirag-Guneshli field block.

Turkish parliament passes bill on LNG sales as part of gas hub project

The Turkish parliament has passed a bill, allowing to sell imported natural gas in the liquefied form (LNG).

Oil price goes up, and Brent is at $83.97 a barrel

Prices for oil of benchmark grades are increasing in Friday’s trading, but end the week with a decline.

Price of oil goes up after a drop the day before, and Brent is at $83.95 a barrel

Prices for oil of benchmark grades are rising in Thursday’s trading after decline following the previous trading on data on stocks in the U.S.

Prospect of electricity export from Central Asian countries through Azerbaijan discussed

The prospects of exporting electricity from Central Asian countries to Europe through the territory of Azerbaijan have been discussed in Tashkent.

Data published on white oil production in Azerbaijan

Over Jan-Mar 2024, our country manufactured 159,600 tons of white oil.

Azerbaijan produced 600,000 tons of diesel fuel for Jan-Mar

Azerbaijan produced 599,600 tons of diesel fuel for Jan-Mar 2024.

Hungary’s MOL discovered a large oilfield

Hungarian oil & gas company MOL has discovered a new field in the central part of the country.