MPs discuss matter of installation of smart meters at houses

At today’s Milli Majlis meeting the parliamentarians discussed a number of issues and the nuances related to energy suppliers were touched upon

Oil rises in cost after data about stocks in U.S., and Brent is at $74.44 a barrel

Prices for oil of standard grades are growing after the publication of weekly data about fuel reserves in the U.S.

Oil gets cheaper, and Brent is at $73.23 a barrel

Prices for oil of standard grades keep on declining in Thursday’s trading after significant drop the day before

Average price of Azeri Light oil in 1st half of 2021 was $65.43 a barrel

The average price of Azerbaijan’s oil grade Azeri Light on CIF delivery terms in the 1st half of 2021 was $65.43 per barrel

Talks are underway with Turkish companies about cooperation in field of renewable energy

Energy Minister Parviz Shahbazov and Turkish Minister of Energy & Natural Resources Fatih Donmez held an online meeting to discuss energy issues reflected in the documents signed by the two countries recently.

Oil gets more expensive, and Brent is at $74.66 a barrel

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

Marathon Petroleum Corporation suffered big loss - about $10 bn

American Marathon Petroleum Corporation suffered serious financial losses in 2020

Chevron Corporation suffered loss of $5.5 bn

U.S.’ third largest oil & gas company Chevron Corporation has published financial statements for 2020

Shell has suffered huge losses for over $21 bn

Well-known oil & gas giant Royal Dutch Shell finished 2020 with losses

SOCAR published its financial statements for 2020

The last year, which is remembered as the most turbulent year in the history of the world oil industry, the State Oil Company of Azerbaijan (SOCAR) managed to reduce the possible net loss due to positive results in the development of oil and gas fields, transportation and sale of hydrocarbons

BP suffered losses for 2020

British Petroleum (BP) ended 2020 with loss

Shah Deniz 2 starts production from the East South flank

The Shah Deniz consortium today announced commencement of production from the East South flank at 540m water depth

Two substations under construction in Agdam

Oil gets more expensive, and Brent is at $77.54 a barrel

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

TANAP has reported about an increase of its income

The net profit of pipeline consortium TANAP Natural Gas Transmission Company in 2020 amounted to $159.396 million against net loss of $145.827 million a year earlier.

SOCAR management bonuses have decreased

In 2020, the amount of bonuses paid to the top management of the State Oil Company (SOCAR) decreased

Saudi Arabia may refuse to increase oil production

Saudi Arabia may refuse to increase oil production in August

Oil gets cheaper, and Brent is at $76.05 a barrel

Prices for oil of standard grades are declining in Monday's auction in anticipation of OPEC+ decisions

SOCAR to supply diesel fuel for Ukrainian Railways

SOCAR Energy Ukraine has signed an agreement on the purchase of diesel fuel for Ukrainian Railways

According to the old tariff, gas can be used until 10 July

In Azerbaijan the gas consumers will be able to use the old gas tariff until 10 July 2021. After this date, gas consumption will be calculated according to the new tariff.

SOCAR has published an income statement

The income from the countries in which SOCAR is operating – from Azerbaijan and the UAE – increased for 2020