Azerbaijan increases electricity exports for 2021

Azerbaijan exported 1.67 bn kWh of electricity last year (a rise of 31.23% versus 2020)

Azerbaijan fully implemented the OPEC+ deal for January

The oil production in Azerbaijan amounted to 580,900 b/d last month.

E-map of Shusha gas supply network prepared

The working group of national gas supplier Azerigaz continues on-site research with the purpose of inventory of the existing gas supply network at this stage in the liberated territories.

Oil keeps on falling in price, and Brent is at $93.16 a barrel

Prices for oil of standard grades continue to decline in Wednesday’s trading after falling at the end of the previous session.

Azerbaijan’s gas exports grew by 40% for 2021

Azerbaijan’s gas sales abroad totaled 18.9 bn cu m in 2021 (39.8% more against 2020)

Forecast: U.S. to increase oil production in March

According to forecasts of the U.S. Department of Energy, this March, oil production will increase in the key manufacturing sectors of the country

Oil declines in value, and Brent is at $95.77 a barrel

Prices for oil of standard grades are falling in Tuesday’s trading after the rise following the previous session.

Reason for sharp increase in revenues from ACG and Shah Deniz unveiled

The January increase in revenues of the State Oil Fund of Azerbaijan from the Azeri-Chirag-Guneshli block of fields and the Shah Deniz gas condensate field was due to growth in the state's share of profit oil, the sale price of profit condensate, and high European spot gas prices.

President and first lady took part in opening of new substations in Agdam district

President Ilham Aliyev and First Lady Mehriban Aliyeva made a trip to Aghdam district on 13 February.

Cost of oil grows, and Brent is at $95.71 a barrel

Prices for oil of standard grades are rising in Monday’s trading after a sharp jump at the end of last week.

President: Electricity to be exported via Zangezur corridor to Nakhchivan and from there to foreign markets

The construction of a new line through the Zangezur corridor from Azerbaijan to the Nakhchivan Autonomous Republic, and from there to Turkey and Iran is already in our plans.

Ilham Aliyev: Azerbaijan's economy grew almost by 6% for January

Our economy grew more than by 5% and industrial production in the non-oil sector almost by 20% for 2021.

President: We’ve become a very serious exporter of electricity

Ilham Aliyev: Construction of giant energy facilities testifies of our great capabilities

President Ilham Aliyev attended inauguration of ‘Gobu’ Energy Junction

Oil gets cheaper, and Brent is at $91.02 a barrel

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

BP spent over $2.2 million on social investment projects in Azerbaijan

President signs a decree on changes in SOCAR structure

President Ilham Aliyev has signed the decree on the amendments to the Presidential Decree #844 from 24 January 2003 "On improvement of the structure of the State Oil Company of Azerbaijan"

Gas extraction from Shah Deniz increased in 2021

In 2021, operating expenses on Shah Deniz exceeded $2 bn and capital expenditures amounted to approximately $680 million.

Data published on Shah Deniz gas delivery sent daily on average from Sangachal Terminal

Rovshan Najaf appointed First Vice President of SOCAR

President Ilham Aliyev has signed an order on the appointment of Rovshan Najaf as the First Vice President of the State Oil Company of Azerbaijan (SOCAR).