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

SOCAR's earnings have grown

SOCAR has reported about an increase of its earnings for 2020 from the countries where it is operating

Oil gets more expensive, Brent is at $75.87 and WTI at $75.32 a barrel

Oil prices are rising in Friday’s trading, the market is waiting for OPEC+ decisions

SOCAR increased its stake in Georgian subsidiary

Oil gets more expensive, and Brent is at $74.72 a barrel

Prices for oil of standard grades continue growing in Thursday’s trading about the data of the U.S. Department of Energy on the decline in country’s raw materials stocks

Night and day electricity consumption rates defined

At today's meeting of the Tariff Council of Azerbaijan, amendments were made to the Resolution on the regulation of electricity tariffs within the country dated November 28, 2016

Tariff Council’s decision increases price of natural gas

The Tariff (Price) Council has held a regular meeting on 30 June 2021

Energy Ministry held a meeting with Gazprombank’s delegation

Azerbaijani Energy Minister Parviz Shahbazov received a delegation led by First Vice-President of Gazprombank, head of the Capital Markets unit Denis Shulakov in a videoconference format

Oil rises in cost amid data about decline in inventories, and Brent is at $75.11 a barrel

Oil prices are increasing in Wednesday’s trading amid the data about decline of inventories in the U.S.

OPEC+ expects to maintain deficit in oil market

OPEC+ expects the oil shortage on the market to continue in 2021, if production remains at the current level

Oil gets cheaper, and Brent is at $74.48 a barrel

Prices for oil of standard grades continue declining in Tuesday’s trading after their fall in the previous trading

SOCAR-Petrofac signs a contract with BP for $25 million

Russia has increased natural gas extraction more than by 13%

Natural gas extraction in Russia for the first 5 months of 2021 increased by 13.2% (versus the same term of 2020) and reached 286 bn cu m

Oil goes up in cost, and Brent is at $75.29 a barrel

Prices for oil of standard grades are growing in Thursday’s amid the data about decline in energy stocks in the U.S. and China