State Budget 2021 sets oil price at $40

The price of oil in State Budget 2021 is set at the level of $40 per barrel.

SOCAR Construction reduced its authorized capital

SOCAR Construction LLC announced a reduction in the authorized capital up to AZN 8.97 million from AZN 20.6 million.

Oil cheapens, and Brent is at $51.21 a barrel

Oil prices are declining in Friday`s trading, but finish with growth the seventh week at a run

Over 126 million kWh of electricity generated at renewable energy stations

Azerbaijan generated 126.8 million kWh of electricity from renewable energy sources for Jan-Nov 2020

A new well launched on Bulla-Deniz field

Oil rises in price, and Brent is at $51.54 a barrel

Prices for oil of standard grades continued rising in Thursday`s trading after the U.S. Department of Energy had published the data about the decline in oil stocks in the country last week

Power stations that generated more electricity

The Ministry of Energy has published a report on the generation, export and import of electricity for Jan-Nov

Electricity export falls, while import grows

In November 2020 generation of electricity in Azerbaijan amounted to 2.1 bn kWh, including export of 89.14 million kWh and import of 10.6 million kWh

Oil cheapens, and Brent is at $50.64 a barrel

In Wednesday`s trading the oil prices are slightly lowering after their rise the day before up to the highest figure for over 9 months

Oil cheapens, and Brent is at $49.91 a barrel

Benchmark oil prices are declining in Tuesday`s trading after OPEC lowered its forecast for oil demand in 2021

Permanent gas to be provided for Nakhchivan – New contract

Nakhchivan will be supplied with natural gas uninterruptedly

Forecast: Cost of oil to rise almost up to $62

The price of oil can rise up to $62 a barrel by the end of next year

When will Azerbaijani gas be transported to Europe?

The transportation of Azerbaijani gas to Europe will start next month

Oil prices rise, and Brent is at $50.32 a barrel

A QR code to be used at gas stations in Baku starting next week

A service of QR-code payment via E-Pul app will be introduced from next week at SOCAR gas stations operating in Baku

Oil prices rise, and Brent is at $50.34 a barrel

Oil prices keep on growing in Friday’s trading amid optimism about the introduction of Covid-19 vaccines that will lead to economic recovery in 2021

Oil rises in price, and Brent is at $49.04 a barrel

The prices for oil of standard grades are increasing in Thursday`s trading, despite the data from the U.S. Department of Energy about a weekly growth in oil stocks in the country

Azerbaijan fulfilled its OPEC+ obligations by 100%

Azerbaijan`s daily oil production reached 686,200 barrels for November 2020

Azerbaijan ranks 2nd key supplier of fuel to Georgia

Georgia imported 1.004 million tons of fuel over Jan-Nov 2020.

Azerbaijan starts exporting new products to China

An Azerbaijani company enters the US market