Oil price forecast announced

Russian company LUKOIL expects that in the near future the oil price will continue to fluctuate around $68-75 per barrel

A large amount to be invested in hydrogen energy

By 2030, it is planned to invest $500 bn in hydrogen energy, which is considered as an alternative to traditional fuel in the energy, industrial and transport sectors

A large company has closed its representative office in Azerbaijan

Chevron BTC Pipeline has announced the liquidation of its representative office in Azerbaijan

Oil gets cheaper after a jump up the day before, and Brent is at $72.05 per barrel

Prices for oil of standard grades are declining in Thursday’s tarding amid the rapid spread of a new Covid-19 strain Delta around the world

Volumes of Azerbaijan’s gas export for past 6 months unveiled

Over Jan-Jun 2021, according to customs declarations, Azerbaijan exported 10.347 bn cu m of natural gas (57.3% more versus Jan-Jun 2020)

SOCAR New Energy starts supplying LPG to Ukraine

SOCAR New Energy, an exclusive supplier of Rosneft's oil products to Ukraine, has started supplying liquefied petroleum gas (LPG) on term contracts

Oil grew in value in Friday’s trading and decreased following this week

Prices for oil of standard grades increased on Friday, despite their fall during this week.

President orders allocation of money finances for completion of construction at Ordubad hydro-power station

President Ilham Aliyev has signed an order on some issues related to the further construction of the Ordubad hydroelectric power station

SOCAR increases oil and gas production

In the 2nd quarter of the current year SOCAR produced about 2 million tons of oil and about 2 billion tons of gas in the fields directly exploited

Oil cheapens, and Brent is at $73.10 a barrel

Prices for oil of standard grades are declining in Friday’s trading after significant decline in the previous session

Azerbaijan has reported on electricity generated by power plants

Azerbaijan observes growth on electricity export and import

Azerbaijan’s generation of electricity for June 2021 totaled 2.278 bn kWh, exports 99.01 million kWh and imports 12.1 million kWh

Oil keeps on falling in cost, and Brent is at $74.25 a barrel

Oil prices continue decline in Thursday’s trading after their fall the day before

Oil gets cheaper, and Brent is at $76.20 a barrel

Prices for oil of standard grades are falling in Wednesday’s trading after their rise the day before

SOCAR to perform drilling operations abroad

Azerigaz’s head to call gas consumers

Azerigaz’s general director Ruslan Aliyev will establish a telephone connection with citizens who apply to him via Facebook

Oil gets more expensive, and Brent is at $75.51 a barrel

Oil prices are growing in Tuesday’s trading after decline in the previous session

Presidential Decree on the Tariff Council

Electricity generated by renewable energy sources, with the exception of guaranteed tariffs, will be sold at wholesale prices (tariffs) established by the Tariff Council.

A new info system on renewable energy to be created

An information system on renewable energy sources will be created.

SOCAR New Energy has signed new contracts

SOCAR to give a credit to Pakistan

SOCAR had offered two credit lines of over $220 million for oil and gas supplies to Pakistan