Azerbaijan`s head took part in opening of a new substation

The opening of the 110/35/10 KV Akhmedli substation of Azerenerji OJSC has taken place today in Khatayi district of Baku

SOCAR expects to get a long-term lease of 5 gas stations in Romania

SOCAR Petroleum SA Romania plans to lease 5 gas stations operated by IPECO S.A.

Oil cheapens because of concerns about surplus in market, Brent is at $40.36 per barrel

Oil prices declined on Thursday amid fears of an oversupply with little demand and rising of inventories in the U.S.

List of Azerbaijani oil importer countries

Oil prices fall after rising the day before

Prices for oil of standard grades are declining in Wednesday`s data on the growth of inventories in the U.S.

Crude oil production in Azerbaijan per day should be cut

Oil prices grow after decline the day before

Oil rises in price on arrangements at OPEC+ meeting

Prices for oil of standard grades are rising in Monday`s trading after OPEC+ countries agreed to extend the oil production cut quotas until the end of July

Oil prices rise and end up rising for sixth week in a row

Oil rises in price on Friday and ends the trading with rising for the sixth week in a row on the news about the readiness of the key oil producer countries to extend production cuts

Rovnag Abdullayev thanked bp for partnership

As we have reported the technical operatorship of the South Caucasus Pipeline (SCP) has been transferred from BP Exploration Limited to SOCAR

Technical operatorship of South Caucasus Pipeline transferred to SOCAR

Oil prices decline after rising the day before

Oil of standard grades declines in price in Thursday’s auction after a rise in prices the day before

SOFAZ’s revenue from profit oil sale exceeds $2 bn for Jan-May 2020

Revenues of the State Oil Fund of Azerbaijan (SOFAZ) from the sale of profitable oil from oilfield block Azeri-Chirag-Guneshli (ACG) and condensate from the Shah Deniz field for Jan-May 2020 exceeded $2 bn.

President took part in opening of a new substation

The 110/35/6-KV substation `Terter` has been put into operation today after reconstruction

Oil prices rise, Brent passes $40 a barrel

Oil prices are rising on Wednesday, with the price of Brent crude exceeding the level of $40 a barrel for the first time almost for three months on the news that the OPEC+ countries may agree to extend production restrictions.

$438 million spent on Shah Deniz activities for 1st quarter

Maximum production of Shah Deniz rigs announced – over 20 bn cu m a year

It has been extracted 121 bn cu m of natural gas at the Shah Deniz gas condensate field in the Azerbaijani sector of the Caspian Sea to date

Azerbaijan ranks 5th in BP rating

Azerbaijan`s net share of natural gas production in various parts of the world is 5%

BP has drawn 11 rigs for operations

Last year, BP engaged 9 drilling rigs in offshore operations for oil and gas projects in Azerbaijan, including 2 mobile drilling rigs

ACG costs exceed $0.5 bn for 3 months

BP has released a report on Azerbaijan`s sustainable development for 2019

4 more wells drilled at ACG field for 3 months

Oil production from Azeri-Chirag-Guneshli in the 1st quarter of 2020 amounted to 48 million barrels, or more than 6.4 million tons