Azerbaijan begins automobile oil production

High-Tech Park’s resident Proline Chemicals LLC has started the production process in the technopark on the territory intended for the enterprise

Oil & gas revenues to Azerbaijan increased

For the past 5 months of 2022 the oil & gas sector goods for $14.228 bn were exported from Azerbaijan, including crude oil for $8.58 bn and natural gas for $5.99 bn.

An auction of deposits took place

Oil gets more expensive, and Brent is at $118.78 a barrel

Prices for oil of benchmark grades are increasing in Thursday’s trading after falling the day before.

Turkey to start extracting natural gas from Black Sea from 2023

Completion of pipe laying pipes through the seabed for the transportation of natural gas from Turkey’s Sakarya field, located in the Black Sea, is scheduled for the end of 2022

Issue of Azerbaijani natural gas purchase by Moldova under consideration

Oil gets cheaper, and Brent is at $122.15 a barrel

Prices for oil of benchmark grades are slightly declining in Tuesday’s trading after a slight rise the day before

Taiwan's refiner received SOCAR Trading’s crude cargo

Taiwan's state refiner, CPC Corp, said it had received the country's first crude cargo with certified carbon offset from SOCAR Trading, the trading arm of Azerbaijan's state oil company.

Belligerent Russia earned $98 bn in 100 days

During the 100 days of the war, Russia earned $98 bn from the export of hydrocarbons.

Nakhchivan electric grid to be connected to general power system of Azerbaijan

SOCAR is in Top 10 of largest exporting companies in Turkey

SOCAR Türkiye Petrol Tic. AŞ, the daughter of the State Oil Company of Azerbaijan (SOCAR), is among the 10 largest exporting companies of Turkey.

Grain seed processing plants fully ready for season

Oil gets cheaper, and Brent is at $120.10 a barrel

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

Countries to which Azerbaijan sold the largest volumes of gas

For the past 5 months Azerbaijan extracted 19.6 bn cu m of natural gas

Over Jan-May 2022, Azerbaijan produced 13.9 million tons of oil

Azerbaijan produced 13.9 million tons of oil (together with condensate) for the past 5 months.

President attends inauguration of a new power substation

President Ilham Aliyev has attended the inauguration of a new 110/35/10 kV power substation and Digital Network General Management Center owned by Azerishig OJSC.

Oil gets cheaper, and Brent is at $122.32 a barrel

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

Oil gets more expensive, and Brent is $123.99 a barrel

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

Oil grows in value, and Brent is at $121.14 a barrel

Prices for oil of benchmark grades keep on rising in Wednesday's trading

Oil gets more expensive, and Brent is at $120.21 a barrel

Sanctions against Gazprom Germania to bring damage to Germans