SOCAR studies business expansion opportunities in Romania

The State Oil Company of Azerbaijan (SOCAR) is considering various opportunities to expand its business in Romania, where it has good business relations and market positions.

Ilham Aliyev attended foundation stone laying for ‘Lachin’ substation

President Ilham Aliyev has attended the groundbreaking ceremony for the 110/35/10 kV ‘Lachin’ Junction Substation to be built by AzerEnergy OJSC in the city of Lachin.

Cost of oil grows, and Brent is at $90.21 a barrel

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

A new modular gas station put into operation in Hadrut

SOCAR Petroleum CJSC on Wednesday commissioned a modular type filling station (gas station) in the Karabakh Economic Region.

EU makes concessions on issue of Russian coal

The EU has allowed European companies to participate and supply Russian coal to third countries, including through the EU.

Oil price recovers weakly, and Brent is at $90.84 a barrel

Prices for oil of benchmark grades are increasing weakly at Wednesday's auction after falling to two-week lows the day before.

Iran signs a gas agreement with Russia - pipeline to run through Azerbaijan

Iran will soon receive 9 million cu m of gas per day from Russia through Azerbaijan and provide settlements in the southern regions with natural gas

Cost of oil is stable, and Brent is at $92.10 a barrel

Prices for oil of benchmark grades change slightly in Tuesday trading after the end of the previous day's growth.

President Ilham Aliyev awarded oil industry workers

Turkey to pay for 25% of gas supplies from Russia in rubles

Turkey will make 25% of payments for natural gas that it receives from Russia in rubles.

Meters to be installed the central heating system

Azeristiliktechizat has started negotiations with the relevant companies regarding the installation of meters.

Oil price grows, and Brent is at $91.9 a barrel

Prices for oil are increasing in Monday’s trading thanks to the increased optimism of traders regarding the prospects for demand.

Azerbaijan cuts export of petroleum products for Jan-Aug

Azerbaijan exported 412,858.89 tons of petroleum products for Jan-Aug 2022 (57.5% less against Jan-Aug 2021).

Data published on export of crude oil and petroleum products

Germany announced confiscation of German assets of Rosneft

The German Ministry of Economy has announced the transfer of Rosneft's assets in the country to the trust management of a government agency.

Data on petroleum coke export for past 8 months unveiled

Oil grows in price, and Brent is at $91.19 a barrel

Prices for oil of benchmark grades are increasing in Friday’s trading after a serious drop the day before.

Shell CEO resigns

Shell’s CEO Ben van Beurden will retire at the end of 2022, and his successor will be Wael Savan.

Azerbaijan fulfilled OPEC+ deal on oil production cuts in August

Azerbaijan’s oil production for August 2022 totaled 554,000 b/d against the indicator of July 2022 at the level of 549,900 b/d.

Moldova discusses gas supplies from Azerbaijan

Moldova is negotiating with Azerbaijan about gas supplies

Equinor sells its assets in Russia for 1 euro