Oil price goes up, and Brent is at $84.62 a barrel

Prices for oil of benchmark grades are declining in Friday’s trading.

SOCAR to build plant in Switzerland

The plans for the future include the production of siderates for export, SOCAR department head Mustafa Gurbanli said.

SOCAR to sell carbon credits in Europe

SOCAR is preparing for the next sale of carbon credits on the European market

List of countries to which Azerbaijan sells the most oil

Azerbaijan exported 11.1 million tons of oil to 20 countries for $7 billion for Jan-Jun 2024.

Azerenergy's revenues decreased, while expenses grew

Azerenergy OJSC received net profit of 175.11 million manats against 1.685 billion manats of income in 2023.

Azerenergy's profit drops sharply – Report

The net loss of Azerenergy's largest power plant, the Azerbaijan thermal power plant, in 2023 amounted to 2.32 million manats, while in 2022 the company made net profit of 4.33 million manats.

Oil price still goes up, and Brent - $85.48 a barrel

Prices for oil of benchmark grades keep on growing in Thursday's auction.

This country becomes the largest buyer of natural gas in Azerbaijan

In 5 months of 2024, Azerbaijan exported 9.91 bcm of natural gas abroad.

SOCAR and Slovenian company sign a Memorandum

The State Oil Company of Azerbaijan (SOCAR) has signed a Memorandum of Understanding with Geoplin, the largest natural gas supply company in Slovenia, on expanding cooperation.

$1.8 billion worth of Nigerian oil stolen in 10 years

Ogbonnaya Orji, Secretary General of the Nigerian Industrial Transparency Initiative (NEITI), said in a statement that the growing number of attacks in Nigeria's oil-producing regions and thefts at refineries continue to have negative impact on the country's economy.

SOCAR intends to acquire 51% of ATB shares

The State Oil Company of Azerbaijan (SOCAR) intends to acquire 51% of the shares of Azər Türk Bank (ATB).

Oil price down, and Brent - $83.59 a barrel

Prices for oil of benchmark grades are falling in Wednesday’s trading after decline following the last three sessions.

Volume of swap gas imported by Azerbaijan from Turkmenistan reduced

The volume of swap gas imported by Azerbaijan from Turkmenistan in the first 5 months of 2024 decreased by 49% compared with the 2023 same term.

Oil price goes up, and Brent is at $84.56 a barrel

Prices for oil of benchmark grades keep on falling in Tuesday's trading after a moderate decline a day earlier.

Gas transportation via Baku-Tbilisi-Erzurum pipeline increased by 4.6%

Over the first half of 2024, 20.54 billion cu m of gas were transported through the main gas pipelines of Azerbaijan.

AI-95 gasoline fell by 40 gapiks

Starting from today 1 liter of AI-95 gasoline will cost 1.60 manats.

Share of green energy in Azerbaijan has reached 15%

In the 1st half of 2024, the share of “green energy” in electricity production in Azerbaijan increased to 15%.

Oil price goes up, and Brent is at $85.17 a barrel

Prices for oil of benchmark grades are rising in Monday’s trading after a decline following the last week.

Tatneft to join the project on development of Bibi-Eibat field

"Tatneft will enter into a project to develop one of the oldest fields in Azerbaijan - Bibi-Eibat, where it will work together with SOCAR on introduction of technologies

Azerbaijan has cut imports of crude oil from Turkmenistan

Azerbaijan continued to purchase oil from Turkmenistan in May 2024, but significantly lower than last year's figure.

In Russia, they advocate a ban on gasoline exports

The Federal Antimonopoly Service of Russia advocates maintaining the ban on gasoline exports in August.