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.

India imported a record amount of oil from Russia in June

Supplies of Russian crude oil Urals to India in June updated the maximum, reaching 1.6 million b/d, ABC.AZ informs with reference to the review of analytical company Kpler.

Oil price goes up, and Brent is at $86.67 a barrel

Prices for oil of benchmark grades are increasing in Wednesday’s trading after decline at the end of the last session.

Azerbaijan becomes the largest gas supplier to Türkiye

Azerbaijan significantly increased its natural gas exports to Türkiye in April 2024 (a rise of 12.02% versus April 2023)

BTC Co increased revenue, but net profit declined

The Baku-Tbilisi-Ceyhan oil pipeline company (BTC Co.) completed 2023 with net profit of 12 million manats or $7 million. In the previous year, company's net profit amounted to 124 million manats.

Oil continues to rise in price, Brent - $86.81 per barrel

Prices for oil of benchmark grades keep on rising in Tuesday's trading.

Aramco signs contracts for over $25 bn of deals

Saudi Aramco awarded $25 billion of contracts to expand its natural gas production in line with Saudi Arabia's ambitions to have the supplies needed to meet anticipated rising demand.

SOCAR is the largest taxpayer among the companies selling oil in this country

In the 1st quarter of 2024, SOCAR Ukraine, the subsidiary of the Azerbaijan State Oil Company (SOCAR) in Ukraine, became the highest paid fuel sales company.

Oil price goes up, and Brent is at $85.41 a barrel

Prices for oil of benchmark grades are rising in Monday's trading.

Azerbaijan's petrochemical giant has turned a profit

SOCAR Polymer LLC, considered one of the largest projects in the petrochemical industry of Azerbaijan over the past 40 years, turned a profit in 2023.

Companies with the largest oil reserves – List

The oil reserves of Saudi Arabian oil company Saudi Aramco are 4.5-fold higher than the reserves of 5 other large oil companies.

Oil price goes up, and Brent is at $86.85 a barrel

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

SOCAR's revenues in Switzerland and Türkiye fell sharply

It became known in which segments and countries SOCAR received 85.2 bn of income in 2023.

SOCAR functionaries earn 1.699 million manats a year

During 2023, the State Oil Company of Azerbaijan (SOCAR) paid 1.699 million manats to the general management. At the time of submission of the report, the general administration included the SOCAR president and his 10 vice presidents

Bulgaria approves participation in green energy corridor Azerbaijan-Georgia-Europe

The Bulgarian Council of Ministers has endorsed country's participation in a joint venture to implement a project to create a green energy corridor Azerbaijan-Georgia-Europe, which will pass through the Black Sea

SOCAR records growth on earnings in this country

SOCAR's financial indicators published

The State Oil Company of Azerbaijan (SOCAR) has completed 2023 with satisfactory results, despite the weakening of global economic activity, geopolitical processes, volatility in energy markets, as well as a sharp drop in prices for crude oil and natural gas.

Economy Minister: Azerbaijan currently becomes region’s leader in field of green energy

Azerbaijan can play the role of a hub for startups. We can present very attractive investment projects. We need to attract more investments and ideas.

Oil price goes down, and Brent is at $85.07 a barrel

Prices for oil of benchmark grades are falling in Thursday trading after a slight increase in the last session.

AI-92 gasoline and diesel to rise in price in Azerbaijan

AI-92 gasoline and diesel will grow in price in Azerbaijan in the near future.

Oil transported via BTC through Türkiye in 5 months

The oil transportation through Türkiye via the Baku-Tbilisi-Ceyhan (BTC) pipeline for Jan-May 2024 totaled 91,236 barrels of oil (3.06% less than a year ago)