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

Parviz Shahbazov: Karabakh has renewable energy potential of over 4,500 MW

Energy Minister: Shukurbeyli substation to be reconstructed

Shukurbeyli substation in Fizuli district is to be reconstructed until May.

Oil grows in price, and Brent is at $54.59 a barrel

Price for oil of standard grades is increasing in Thursday`s trading.

Nakhchivan`s energy supply improves - a decision from Erdogan

Turkish President Recep Tayyip Erdogan has signed a decision on the necessary measures for the implementation of the Nakhchivan-Igdir gas pipeline project

Oil price observes growth, and Brent is at $53.87 a barrel

Oil prices are increasing in Wednesday`s trading after it was announced that Saudi Arabia will further lower its production in February and March

Forecast: Bonuses to increase in connection with signing of oil & gas agreements

Bonus payments to investors in connection with the signing or execution of oil & gas agreements for 2021 are projected at the level of $456.5 million or AZN 776.05 million

Uncertainty is observed at oil market

The level of uncertainty in the global oil market is growing, stated Prince Abdul-Aziz bin Salman, the Energy Minister of Saudi Arabia, at the 13th video conference of the ministers of OPEC and non-OPEC countries (OPEC+)

Tariff Council did not accept SOCAR`s proposal to raise price for natural gas

Tariff Council decides if to increase prices for gasoline and diesel

The Tariff Council of Azerbaijan conducted a regular meeting on 4 January

Oil price falls, and Brent is at $50.94 a barrel

Oil prices are declining in Tuesday`s trading amid the expectations that the OPEC+ meeting will continue

SOCAR Trading signs long-term contract for oil supplies to Belarus

Oil price rises amid data about decline in U.S. inventories, and Brent is at $51.26 a barrel

Oil prices are growing in Wednesday`s trading after the publication of data from the American Petroleum Institute (API) about the decline in U.S. inventories last week

President signs an order on construction of a wind power plant

President Ilham Aliyev has signed an order on the measures aimed at implementing a pilot project of the construction of a 240 MW wind power plant

Oil rises in price, and Brent is at $51.10 a barrel

Prices for oil of standard grades are increasing in Tuesday`s trading

Oil cheapens, and Brent is at $51.14 a barrel

Prices for oil of standard grades are declining in Monday`s trading amid the news about the spread of a new strain of coronavirus

Azerbaijan to connect electrical grids with two countries

Relevant work is ongoing on the preparation of a feasibility study on the project of connecting electric networks between Azerbaijan, Russia, and Iran

Rovnag Abdullayev appointed to another post – in Turkey

Some changes have been conducted in the management of SOCAR Turkey, and group of companies Petkim Petrochemy Holding A.S. and STAR Oil Refinery.

Oil grows in price, and Brent is at $51.55 a barrel

Oil prices are increasing in Thursday’s trading amid the news about decrease in oil stocks in the U.S.

Gasoline price rise in Armenia as economic problems deepen

The economic turmoil in Armenia continues after the war