SOCAR to attract other contractors

Along with oil deposits with strategically important reserves, the State Oil Company of Azerbaijan (SOCAR) owns depleted fields, as well as those with hard-to-recover reserves.

Oil rises in price after decline the day before, Brent is at $107.12 a barrel

Oil prices are increasing in Wednesday’s trading after falling the day before.

IGB pipeline to be commissioned on time

90-95% of works have been done within the framework of construction of 182 km Interconnector Greece – Bulgaria – IGB to transport Azerbaijan's natural gas to Bulgaria.

Petronas Azerbaijan liquidated

The branch of Petronas Azerbaijan (Shah Deniz) S.A.R.L. in Azerbaijan has announced about its liquidation.

Kazakhstan plans to cut oil production

Oil grows in value, and Brent is at $108.73 a barrel

Prices for oil of benchmark grades keep on increasing in Tuesday's trading.

This country received $11 bn from oil exports.

Iraqi oil exports to the country reached in March a record of $11 bn in 50 years

Slovakia agrees to buy Russian gas for rubles

Last month Russian President Vladimir Putin instructed to transfer gas contracts with “unfriendly countries” to settlements in rubles.

Prokon secures strategic repair and brownfield modifications contract in Türkiye

Cost of oil rises in price, and Brent is at $104.63 a barrel

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

Data unveiled on gas extracted so far from Umid gas condensate field

5.4 bn cu m of gas and 856,100 tons of condensate were extracted from the field for the entire period from the beginning of the development of Umid field in 2012 and as of 1 March 2022.

Gazprom has sent info note to its customers about new payment system

Russian energy giant Gazprom informed its customers about the new payment procedure after Vladimir Putin signed a decree on making payments for gas in rubles.

Azerigaz starts supplying Khankendi city with gas - Repairs conducted

The city of Khankendi and other liberated territories are the sovereign territory of Azerbaijan and work on the creation of gas or other infrastructure in these territories can only be carried out by the Azerbaijani state.

Oil keeps on getting cheaper, Brent is at $104.35 and WTI is traded below $100 a barrel

Prices for oil of benchmark grades continue falling in Friday’s trading.

Azerbaijan lowers gas supplies to Turkey

Turkey imported 796.3 million cu m of gas from Azerbaijan in January 2022 (29% less than in January 2021)

Gazprom may completely stop selling gas to these countries

Russia&rsquo;s Gazprom may completely stop gas supplies to unfriendly countries.</p>

Oil gets cheaper, and Brent is at $107.56 a barrel

Prices for oil of benchmark grades are falling in Thursday&#39;s trading.

Azerbaijan to begin production of Euro-5 fuel from next year

Oil rises in value, and Brent is at $110.96 a barrel

Prices for oil of benchmark grades are increasing in Wednesday’s trading.

Azerbaijan plans to increase number of charging stations for electric vehicles

There are currently 33 charging stations for electric vehicles in Azerbaijan.

Manufacture of petroleum products observes growth this year