MP criticized AZAL because of prices

Discussions relating to tourism have been held at today’s Milli Majlis meeting

Forecast: Recovery of oil demand to slow down temporarily due to coronavirus

The new strain of Covid-19 coronavirus "omicron" will temporarily slow down, but will not affect the recovery of oil demand

Oil gets cheaper, and Brent is at $74.22 a barrel

Prices for oil of standard grades are declining in Tuesday’s trading after falling the day before

Russian company increases its gas exports revenues

Azerbaijan fulfilled OPEC+ deal by 110% in November 2021

The daily oil production (with condensate) in Azerbaijan amounted to 708,400 barrels last month.

Extra capacities to be added to Azerbaijan's total energy production in coming years

The total capacity of energy generation in Azerbaijan has been published

Oil grows in cost, and Brent is at $76.09 a barrel

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

LUKOIL's stake in Shah Deniz decreased

Russian company Lukoil has announced the signing of amendments to the agreement on the purchase of a stake in the Shah Deniz project in the Azerbaijani sector of the Caspian Sea from Malaysian company Petronas, signed in October of this year.

SOCAR's equity stake in Shah Deniz project grows up to 14.35%

SOCAR increases its equity stake in the Shah Deniz and South Caucasus Gas pipeline (Baku-Tbilisi-Erzurum) projects

International oil companies’ earnings grew for first 9 months

Over Jan-Sept 2021 the proceeds of international oil & gas companies operating in Azerbaijan amounted to $1.7 bn (AZN 2.72 bn), ABC.AZ reports with reference to the Central Bank.

Oil gets cheaper, and Brent is at $74.22 a barrel

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

BP to increase share in Shah Deniz PSA – new agreement reached

BP has decided to increase its holding in the giant Shah Deniz gas field in the Caspian offshore Azerbaijan

Gas price in Europe falls

Oil rises in value, and Brent is at $76.42 a barrel

Prices for oil of standard grades are increasing in Thursday’s trading amid the U.S. Department of Energy’s data about the decline in country’s oil reserves

U.S. reduces forecast on oil prices

The U.S. has lowered the forecast for Brent crude oil prices for 2021-2022.

Oil falls in cost, and Brent is at $75.24 a barrel

Prices for oil of standard grades are declining in Wednesday’s trading, after an increase following the previous session

Oil keeps on rising in price, and Brent is $73.71 a barrel

Prices for oil of standard grades continue increasing in Tuesday's trading

Shah Deniz production income exceeds $4 bn

Since 2007 the total revenue from the sale of gas and condensate at Shah Deniz amounted to $4.397 bn.

SOFAZ unveils data on finances received so far

The State Oil Fund of Azerbaijan (SOFAZ) has published revenues on Azeri-Chirag-Guneshli (ACG) and Shah Deniz since 1 December 2021.

Gas prices in Europe have fallen to $1,000

In the course of today`s trading the price of 1,000 cu m of gas in Europe fell below $1,000 for the first time since the end of this October.

Forecast for 2022: Profitability of State Oil Fund to decrease

The Accounts Chamber of Azerbaijan has presented the conclusion in connection with the draft budget of the State Oil Fund for 2022.