New appointment at Azneft production association

Personnel reshuffle has been made in the management of SOCAR production association Azneft.

Crude oil production in Azerbaijan drops by 7% - Statistics

Crude oil production in Azerbaijan totaled 4.772 million tons for Jan-Feb 2024.

Why has Russia increased gasoline imports from Belarus?

Russia increased gasoline imports from Belarus due to disruptions at refineries in March.

Azerbaijan reduced gas supplies to Türkiye

In January 2024, Azerbaijan exported 877.74 million cu m of natural gas to Türkiye.

SOCAR Methanol doubles production in 2 months

SOCAR Methanol LLC produced 94,900 tons of methanol for the past 2 months.

Oil price goes up, and Brent is at $85.81 a barrel

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

Gazprom's net profit fell by 7% for 2023

The parent company of Gazprom PJSC has published RAS financial statements for 2023.

Azerbaijan reports decline on production of lubricants

Azerbaijan can participate in electricity supplying for two countries

Flexible export duties may complicate the competitiveness of Russian energy company Inter RAO in possible electricity supplies to Georgia and Türkiye.

Hungary starts buying gas from Türkiye

Hungary will start receiving Turkish natural gas on April 1, and the country will become the first country outside Türkiye’s neighbors to export its gas.

Oil price goes up, Brent - $84.92 per barrel

Prices for oil of benchmark grades are declining in Wednesday’s trading, based on American Petroleum Institute’s (API) data on growth of reserves in the United States.

Generation of electricity for Jan-Feb reaches 4.686 bn kWh

Over the past 2 months Azerbaijan generated 4.686 bn kWh, exported 221.6 million kWh and imported 32.5 million kWh.

Oil price up, and Brent is at $86.70 a barrel

Prices for oil of benchmark grades are decreasing in Tuesday’s trading after growth following the the last session.

After a long break, Azerbaijan started selling oil to this country

Poland resumed oil purchases from Azerbaijan after a long period.

Decline reported on crude oil sales in Azerbaijan

Azerbaijan exported 4.595 million tons of crude oil for $2.826 bn abroad for Jan-Feb.

Energy generated by solar power plants in Azerbaijan announced

Azerbaijan's solar power plants generated 29.4 million kWh of energy for Jan-Feb 2024 (3.6-fold more versus Jan-Feb 2023)

Oil price goes up, and Brent is at $85.66 a barrel

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

Oil goes down, and Brent is at $85.20 abarrel

Prices for oil of benchmark grades are declining in Friday’ trading after a rise following the previous trading.

Oil keeps on rising in price, Brent - $84.48 a barrel

Prices for oil of benchmark grades are rising in Thursday’s trading after a significant rise the day before.

Household spending on gasoline and diesel fuel grew by 10%

Over Jan-Feb 2024, motor gasoline and diesel fuel for 449.4 million manats were sold to consumers in the retail trade network in Azerbaijan.

EIA lowered its forecast on oil production in Azerbaijan

The Energy Information Administration of the U.S. Department of Energy has reduced forecasts on production of liquid hydrocarbons in Azerbaijan for 2024-2025 by 10,000 b/d.