Oil drops on world markets

SOFAZ sees increase in assets in six-month period

Natural gas consumption reaches 4.8 billion cubic meters

Rashad Javadov, Deputy General Director for Sales of Azerigaz Production Association, has revealed the statistical indicators for seven months of this year and for July.

Oil prices drop on world markets

ICGB reveals why commissioning of Greece-Bulgaria interconnector is delayed

The delay in the commissioning of the Greece - Bulgaria interconnector (IGB), through which Azerbaijani gas from the Shah Deniz field should be delivered to Bulgaria, is technical and associated with a discrepancy in the documentation, Report informs, citing the ICGB gas pipeline operator.

Moody's has upgraded ratings of SOCAR

Moody's Investors Service (Moody's) has today upgraded the ratings of State Oil Company of the Azerbaijan Republic (SOCAR) to Ba1 from Ba2, including its corporate family rating (CFR) and senior unsecured rating.

Turkish vessel to provide energy to Russian LNG plant

Russian company Novatek will order a floating power plant with capacity of about 300-400 MW, powered by gas piston engines, from Turkey’s Karpowership.

Oil gets cheaper, and Brent is at $96.03 a barrel

Prices for oil of standard grades are declining in Wednesday’s trading.

596.9 million tons of oil produced on ACG and Shah Deniz

Azerbaijan exported 15.6 million tons of oil (together with condensate) for Jan-Jul 2022. Of them, about 14.7 million tons accounted for the consortium and 900,000 for SOCAR.

Oil production by SOCAR for 2022 published

Cost of oil declines, and Brent is at $96.42 a barrel

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

Data on gas supplied via TANAP to Turkey made public

About 3.2 bn cu m of gas were delivered to Turkey through TANAP for Jan-Jul 2022

Azerbaijan’s gas sales abroad grew by 24%

Gas sales from Azerbaijan abroad amounted to 12.9 bn cu m for the past 7 months (24% more versus Jan-Jul 2021)

Azerbaijan produced 27.3 bn cu m of gas for Jan-Jul

According to operational data, 27.3 bn cu m of natural gas were extracted in Azerbaijan for ther past 7 months.

Germany excludes launch of Nord Stream-2

Gas price in Europe has reached $2,100

Natural gas prices in Europe increased by 1.6% compared to the closing price on Friday.

Petroleum coke exported from Azerbaijan to China

Green petroleum coke was exported from Azerbaijan to China along the Middle Corridor.

Oil price rises, and Brent is at $95.26 a barrel

Prices for oil of benchmark grades are increasing in Monday&rsquo;s trading after falling at the end of last week.</p>

SOFAZ increases income from Shah Deniz

Over Janary-Jul 2022, the revenues of the State Oil Fund of Azerbaijan (SOFAZ) from block of fields Azeri-Chirag-Guneshli (ACG) amounted to $5.68 million (95.7% more in annual comparison).

SOCAR opens another gas station in Romania

A new SOCAR filling station (gas station) has opened at 44 Georgi Dima Street in Sibiu, Romania.

Oil gets more expensive, and Brent is at $94.49 a barrel

Prices for oil of benchmark grades are increasing in Friday&rsquo;s trading after strong decline in the last two sessions