SOCAR increases volume of exported oil by 7.4%

SOCAR's export performance in the 3rd quarter of this year is also satisfactory.

SOCAR gas extraction grew by 1.3%

In the 3rd quarter of this year SOCAR carried out more than 18,000 m of drilling operations.

Countries where Azerbaijan exported most of all petroleum products

Government looks for a loan to upgrade power plant in Mingachevir

Azerbaijan wants to resume operation of Baku-Supsa oil pipeline

We also want to use the Baku-Supsa oil pipeline, which is currently not in operation.

China increased oil imports from Russia by 8.8% for Jan-Sept

Russian oil supplies to China grew by about 8.8% year-on-year up to 64.25 million tons for Jan-Sept 2022.

Oil gets cheaper, and Brent is at $92.55 a barrel

Prices for oil of benchmark grades are falling in Monday’s trading.

Oil rises in price, and Brent is at $92.93 a barrel

Prices for oil of benchmark grades continue increasing in Friday&rsquo;s trading.</p>

Negotiations underway on construction of Shafag power plant in Jabrayil

The commissioning of Shafag solar power plant with capacity of 240 MW in Jabrayil district of Azerbaijan is scheduled for 2024

Russia lowers coal prices

The Russian fuel and energy complex is highly profitable, that allows you to calmly go through a situation when discounts on coal are 50-60%

Price for gas in Europe has reached $1,270

A new overpass under construction in Caspian Sea due to drop in water level

The process of building a new overpass is carried out on the shift principle of operation.

Azerenergy rep: Operation of Severnaya power plant under serious threat

Scholz: Germany overcomes gas dependence on Russia

German Chancellor Olaf Scholz claims that Germany has already overcome dependence on Russian gas supplies and is striving to reduce consumption of this resource by 20%.

Data published on export of electricity to Azerbaijan abroad

Energy Minister Parviz Shahbazov made an article about the power generation capacity in the country.

Energy Minister: Azerbaijan's electricity production capacity increased by 4.9%

With the commissioning of new power plants in Azerbaijan, the total electricity production capacity of the country has reached 7,953.9 MW, which means an increase of 392.4 MW or 4.9% compared to last year.</p>

White House official: Washington can increase its strategic reserve at market value

The U.S. Administration is not trying to reduce the cost of oil to $70 per barrel, but only expresses its readiness to resume purchases of this energy carrier in its strategic reserve at this price level.

Oil gets more expensive, and Brent is at $93.09 per barrel

Prices for oil of benchmark grades continue rising in Thursday&#39;s trading

Gas price in Europe fell below $1,100 per 1,000 cu m

For the first time since 15 June, the price of gas in Europe fell below $1,100 per 1,000 cu m during trading on 18 October.

Oil price grows, and Brent is at $90.40 a barrel

Prices for oil of benchmark grades are rising in Wednesday&#39;s trading after falling to lows in more than 2 weeks

Azerbaijan plans to export ‘green energy’ to Europe

Azerbaijan plans to export green energy to Europe in addition to natural gas.