SOCAR president visits Turkey

A delegation led by SOCAR president Rovshan Najaf visited Turkey on 20 December 2022.

Oil price rises, and Brent is at $82.58 a barrel

Prices for oil of benchmark grades continue growing in Thursday’s trading after a jump the day before

After introduction of price cap, Russia’s oil exports fell by 54%

The ban on sea shipments of Russian oil to EU countries and the price cap of $60 per barrel for oil from Russia transported by sea came into force on 5 December. It was agreed by the EU, the G7 countries and Australia.

Cost of oil grows, and Brent is at $80.05 a barrel

Prices for oil of benchmark grades are increasing in Wednesday’s trading.

Rovshan Najaf: SOCAR Turkiye's future goals and plans defined

Today, future goals and plans were determined at the meeting of the Board of Directors of SOCAR Turkiye in Ankara.

Romania to buy about 300 million cu m of gas from Azerbaijan in 1st quarter of 2023

Romania’s Romgaz will buy up to 300 million cu m of Azerbaijani gas from SOCAR in the 1st quarter of 2023.

Azerbaijan to receive profit of over $20 bn from Shah Deniz field

Azerbaijan is expected to receive profit of $20.3 bn from Shah Deniz gas condensate field in 2015-2033

Pakistan to import gas from Azerbaijan

Oil rises in price, and Brent is at $79.97 a barrel

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

President Aliyev: Azerbaijan expands geography of its gas supplies to European market

SOCAR and Romgaz signed a contract on gas supply from Azerbaijan to Romania starting from 1 January 2023.

Ilham Aliyev: Azerbaijan's gas exports to Europe next year to be at least 11.6 bn cu m

President Ilham Aliyev signed an important agreement in Romania on 17 December.

Azerbaijan signs a strategic agreement in this area with three countries

Oil gets more expensive, and Brent is at $79.74 a barrel

Prices for oil of benchmark grades are increasing in Monday's trading after previous week’s growth.

Over $33 bn received from export of oil & gas products

For the past 11 months exports of Azerbaijan’s oil & gas sector products amounted to $33.647 bn and $2.69 bn on non-oil and gas sector goods.

Price of natural gas for Europeans to be determined in Turkish gas center

Russian President Vladimir Putin has made a statement about the gas center in Turkey.

Value of oil drops, and Brent is at $81.05 a barrel

Prices for oil of benchmark grades are falling in Friday’s trading after decline at the end of the previous session

Azerbaijan produces oil for $57 million per day

The daily oil production (together with condensate) in Azerbaijan amounted to 669,000 barrels in November 2022

Russia sells oil to India at a price quite below price cap

Russia started selling its oil below the price cap after setting the price limit.

Azerbaijan fulfilled OPEC+ deal by 124%

Azerbaijan’s oil production reached 550,000 b/d in November 2022

Azerbaijan increases gas export by 19%

Azerbaijan’s gas export increased by 19% for Jan-Nov 2022.

Oil price falls, and Brent is at $82.14 a barrel

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