New project: Electricity tariffs to be calculated by time of day

Starting from 2022, electricity tariffs in Azerbaijan may change depending on the time of day. In other words, the country provides for the use of night and day tariffs

Oil keeps on falling in price, and Brent already below $40 a barrel

Benchmark oil prices continued to decline on Friday after falling the day before and ended in the red for the second week in a row

U.S.` oil reserves fall by 2 million barrels

98% of TAP gas pipe project finished - its launch date declared

Oil cheapens, and Brent is at $40.66 a barrel

Oil prices are decreasing in Wednesday`s trading amid concerns about the demand

Generation of wind power reduced

Azerbaijan has reported about the volume of electricity generated at wind farms in August

Oil prices decline, and Brent is at $42.26 a barrel

Oil prices are falling in Tuesday’s trading amid concerns about lower demand because of the renewed increase in the incidence of COVID-19 in the world

Azerigaz: Problems to be resolved immediately in areas with ongoing hostilities

SOCAR plant in Turkey cuts sharply Russian oil purchases

Star Refinery, an oil refining enterprise constructed by SOCAR on Turkish peninsula Aliaga, has sharply reduced purchases of crude Russian Urals this year and is currently looking for better deals.

Oil prices rise, Brent is $42.17 a barrel

Oil prices are growing in Friday`s trading, but are likely to end the week in the red over fears of lower demand as some countries return the restrictive measures

Oil prices decline, and Brent is at $41.45 a barrel

Oil prices are moderately fallig on Thursday after rising the day before amid the data about the reduction in oil reserves in the U.S. for the second week in a row

Oil price goes down amid API data on growth of oil stocks in U.S., and Brent is at $41.40 a barrel

Oil is declining in price in Wednesday`s trading amid the American Petroleum Institute’s data, showing an increase in oil stocks in the U.S. last week

Oil & gas production from Azerbaijan`s largest fields declared

Gas export from Azerbaijan for Jan-Aug exceeds 8 bn cu m

The Ministry of Energy of Azerbaijan has published a report on oil & gas production and export for the first 8 months of 2020

Azerbaijan extracted over 25 bn cu m of gas for Jan-Aug

The Ministry of Energy of Azerbaijan has published a report on oil & gas production and export for 8 months of 2020

Azerbaijan`s oil export has decreased - Report for 8 months

The Ministry of Energy has published a report for the past 8 months of this year

For past 8 months Azerbaijan`s oil production exceeds 23 million tons

Over Jan-Aug 2020 Azerbaijan produced 23.2 million tons of oil

Oil falls in price, and Brent is at $41.32 a barrel

Oil prices are decreasing in Tuesday`s trading after a sharp decline the day before over concerns on the occasion of resumption of oil production in the east of Libya.

Cost of oil Georgia imports from Azerbaijan decreased by 34%

The cost of oil and petroleum products Georgia imported from Azerbaijan for Jan-Aug 2020 declined by 34% or by $23.07 million (versus Jan-Aug 2019) to $44.598 million

Oil drops in price after last week’s rise, and Brent is at $43.03 a barrel

Baku to host Energy Charter Forum – this time in video format

The Baku International Energy Charter forum will be organized within the framework of cooperation with the International Energy Charter and the Ministry of Energy.