SOCAR drilling units drilled 56,000 m last year

A significant decrease in drilling operations for 2020, as well as in case with oil production, is linked with the implementation of the OPEC deal

Azerbaijan increased exports of polyethylene and polypropylene in 2020

SOCAR Polymer became the largest exporter of polypropylene to Russia in 2020

Oil keeps on falling, and Brent is at $54.58 a barrel

Oil prices continue declining in Monday’s trading amid the strengthening of the US dollar

Oil falls in price, and Brent is at $56.16 a barrel

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

TANAP can bring $1.5 bn of annual income to Azerbaijan

The volume of annual gross income of Trans-Anatolian Gas Pipeline (TANAP) after reaching its full capacity has been announced

Ways of gas supply to Nakhchivan sounded

The demand for gas in Turkey via TANAP is 6 bn cu m.

Volumes of gas carried so far via TANAP made public

A hydroelectric power plant under construction in Lachin – work approaches to end

The small hydroelectric power plant Gulabird with capacity of 8 MW, located on the territory of Lachin district, is undergoing renovation & restoration works which are now at stage of completion

Hybrid power plant under construction in Azerbaijan

New solar and hydroelectric power plants are being built in the Nakhchivan Autonomous Republic with taking into account the future prospects

Oil cheapens, and Brent is at $55.92 a barrel

Prices for oil of standard grades are lowering in Thursday’s trading, despite U.S. Department of Energy’s data about decrease in country’s oil stocks by 3.25 million barrels last week

Georgia announces gas volume to be bought from Azerbaijan in 2021

Georgia will ensure 92.3% of its gas demand in 2021 from gas purchased from Azerbaijan

Oil prices rise, and Brent is at $57.28 a barrel

After the growth the day before, the oil prices continued rising in Wednesday’s trading amid the data from the American Petroleum Institute about the decline in U.S. inventories

Reconstruction of small hydroelectric power plants starts in Sugovushan

Work has begun on the overhaul of small hydroelectric power plants Sugovushan-1 and Sugovushan-2 with total capacity of 7.8 MW in the occupation-liberated territories.

Oil cheapens, and Brent is at $55.54 a barrel

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

Iran to increase oil production - 8 agreements signed

Eight agreements on increase of oil production in Iran have been signed.

Oil cheapens, and Brent is at $55.40 a barrel

The prices for oil of standard grades are decreasing in Monday’s trading, after last week’s growth

After Greece, Azerbaijani gas has reached Italy

With the commissioning the Trans-Adriatic Gas Pipeline (TAP), Azerbaijani gas has reached Italy

Azerbaijani gas has reached Greece

Oil keeps on rising in price, and Brent is at $54.51 a barrel

Oil prices continue growing in Friday`s trading after showing an increase following the previous three tradings

Azerbaijan reports about decline of oil production and rise of gas extrcation

Azerbaijan exports daily 10.5 million cu m of gas to Italy

200 million cu m of gas to be saved due to this project

President Ilham Aliyev chaired a video format meeting held on 6 January and dedicated to the results of 2020