AERA and EBRD held a meeting

An online meeting has been conducted between representatives of the Energy Regulatory Agency and the European Bank for Reconstruction & Development

Oil prices rise, and Brent is at $55.41 a barrel

Oil prices are growing in Monday’s trading amid the news that the OPEC+ countries are strictly complying with the terms of the agreement on the oil production cuts

Oil prices move in different directions, and Brent is at $55.57 a barrel

Prices for oil of standard grades are changing in different directions in Friday’s trading

Production of combi heating systems starts in Nakhchivan

Cahan Industrial Complex LLC has started manufacturing heating systems along with heating panels in Nakhchivan.

Oil prices decline, and Brent is at $55.52 a barrel

Prices for oil of benchmark grades are falling in Wednesday’s trading amid the expectations of lower demand for oil because of the grown incidence of Covid-19 and the current restrictive measures

Private investments to be raised to energy sector

Oil rises in price amid data about decline in U.S. inventories, and Brent is at $56.23 a barrel

Prices for oil of standard grades are growing in Wednesday’s trading after American Petroleum Institute’s data showed a decline in U.S. inventories last week

Over AZN 34 bn directed for oil & gas sector of Azerbaijan for past 5 years

The oil & gas sector of Azerbaijan has been financed AZN 34.4 bn for the last 5 years

Oil cheapens, and Brent is at $55.44 a barrel

Oil prices are lowering in Tuesday’s trading amid the deterioration of forecasts on the oil demand due to the continued high incidence of Covid-19 and slow vaccination

Forecast from a reputable agency: oil production to increase gradually

Rating agency S&P Global Ratings has published a forecast on the oil production in Azerbaijan this year

Oil prices change weakly, and Brent is at $55.37 a barrel

Prices for oil of standard grades are slightly changing during Monday’s trading after small changes at the end of last week

Oil prices fall, and Brent is at $55.44 a barrel

Oil prices are decreasing in Friday’s trading amid the prospect of falling oil demand due to the ongoing increase in the Covid-19 incidence around the world

SOCAR suspends work on open sections of platforms

The Azerbaijan State Oil Company (SOCAR) has suspended work on open platforms due to weather conditions.

Oil price falls amid data about growth of stocks in U.S., and Brent is at $55.93 a barrel

Oil prices are lowerin in Thursday’s trading amid the data from the American Petroleum Institute (API) about the growth of stocks in the U.S. last week

Oil prices change in different directions, and Brent has grown up to $55.06 a barrel

Oil prices are changing in different directions in Tuesday’s trading

Azerbaijan exported 125,000 tons of petroleum bitumen in 2020

Our country’s export of petroleum bitumen totaled 125,000 tons last year (10.4-fold more against 2019)

Decline in oil demand has led to an increase in gas processing

Last year, SOCAR's Heydar Aliyev Oil Refinery processed 5.9 million tons of oil

Azerbaijan increased natural gas exports by 16%

SOCAR exported 17.9 million tons of crude to foreign markets for 2020

SOCAR gas extraction observed growth for 2020

SOCAR has published a report on its activities for the past year

SOCAR drilling units drilled 56,000 m last year

A significant decrease in drilling operations for 2020, as well as in case with oil production, is linked with the implementation of the OPEC deal

Azerbaijan increased exports of polyethylene and polypropylene in 2020

SOCAR Polymer became the largest exporter of polypropylene to Russia in 2020