SOCAR Türkiye Yatırım received revenue of 1.2 billion manats last year

The subsidiary of the State Oil Company in Türkiye, SOCAR Türkiye Yatırım A.Ş. in 2023, received net profit in the equivalent of 1.186 billion manats (20.204 billion Turkish liras). In 2022, this figure reached 2.415 billion manats (26.568 billion Turkish liras).

Oil continues rising in price, and Brent is at $85.54 a barrel

Prices for oil of benchmark grades keep on growing in Friday’s trading, but are still in the red at the end of the week.

BP has signed a contract for use of Khankendi vessel

Data unveiled on production at ACG and Shah Deniz fields

In the first 6 months, the country produced 25.1 bcm of natural gas.

Oil production from ACG and Shah Deniz published

Over Jan-Jun 2024, the country produced about 14.4 million tons of oil (together with condensate).

Azerbaijan exported nearly 12 million tons of oil condensate in 1st half of 2024

According to operational data for Jan-Jun 2024, the production of oil condensate amounted to 14.4 million tons, and the volume of shipments for export — 11.9 million tons.

Azerbaijan reports rise of gas exports by about 6% for Jan-Jun

Over the first half of this year, Azerbaijan exported about 6.4 bcm of gas to Europe.

Commercial oil reserves in U.S. drop to 445.1 million barrels

Last week, commercial oil reserves in the United States decreased by 3.44 million barrels to 445.1 million barrels, ABC.AZ reports, referring to the U.S. Department of Energy.

Oil prices goes up, and Brent is at $85.79 a barrel

Prices for oil of benchmark grades are rising in Tuesday’s trading.

Population spent 1.6 billion manats on gasoline and diesel

The consumers in Azerbaijan purchased gasoline and diesel for totally 1.557 billion manats for Jan-Jun 2024 (5.9% more against Jan-Jun 2023).

Share of ‘green energy’ in energy production in Nakhchivan grew up to 13.5%

The share of "green energy" in energy production in the Nakhchivan Autonomous Republic has reached 13.5%.

Bulgargaz files a lawsuit against Gazprom for 400 million euros

Bulgarian state-owned gas company Bulgargaz has filed a lawsuit for 400 million euros against Gazprom in the International Arbitration Court at the International Chamber of Commerce in Paris.

Oil price continues decline in price, and Brent is at $84.40 a barrel

Prices for oil of benchmark grades kept on declining in Wednesday’s trading.

Moody's has improved its outlook on SOCAR's rating

Oil keeps on falling in price, and Brent is at $85.53 a barrel

Prices for oil of benchmark grades continued to decline in Tuesday's trading.

Oil price goes down, and Brent is at $86.41 a barrel

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

Cause of sharp decline in Azerbaijan's revenues from oil & gas transit become known

In 2023, revenues (transit fees) from transportation of oil and natural gas through the territory of Azerbaijan amounted to 900,000 manats.

Electric Grid Rules endorsed

The Rules on the Electric Grid have been approved in Azerbaijan.

Oil price goes up, and Brent is at $87.11 a barrel

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

SOFAZ received over $3 bn from ACG Project for Jan-Jun

Oil price goes down after rise the day before, Brent - $86.86 per barrel

Prices for oil of benchmark grades are declining in Thursday’s after rising the day before.