A new substation built in Khirdalan - Tanriverdi Mustafayev

In compliance with Action Plan 2019 Azerbaijan’s electric supplier Azerishig constructed two 35 kV substations for the city of Khirdalan and connected them to the existing 35 kV grid network

SOCAR and Baker Hughes sign a range of documents

A range of documents have been signed between SOCAR and Baker Hughes at the Energy Forward event held in Baku today

Daily oil production in Azerbaijan reached 776,000 in November

The daily oil production of Azerbaijan for November amounted to 776,000 barrels

Oil keeps on falling in price

The prices for oil of standard grades continue their decline on Tuesday

Oil becomes cheaper after its sharp rise last week

Oil prices are falling after a significant increase in the previous session last week

No decision was made at the OPEC meeting

No decisions were made at the 177th meeting of the OPEC Council of Ministers in Vienna, the capital of Austria.

SOCAR Energy Management Center put into operation

The opening of the SOCAR Energy Management Center has taken place on the area of the Eco Park in Gala settlement

Oil cost falls

Oil prices have declined on Friday

OPEC+ Gulf states agree to extend term of agreement on oil production cuts

Euro 5 petrol production to be launched soon

Azerbaijan is likely to produce soon diesel fuel and petrol of Euro 5 standard

Oil price rises amid data on decline in U.S. crude inventories

Prices for oil are growing on Wednesday amid the data on the decline of U.S. crude inventories

SOFAZ sold $539 million at currency auctions in November

New SOCAR vice president appointed

A new vice president of State Oil Company of Azerbaijan has been appointed

Oil prices grow

News about the decline in oil production in the OPEC countries has provoked a rise in oil prices

Iraqi Oil Minister: OPEC+ to consider oil production cut

OPEC and partners (OPEC+) will consider further cuts of oil production

Opening ceremony of part of TANAP project connecting with Europe took place

An opening ceremony of the Europe link of the TANAP gas pipeline has been held in Ipsala settlement, Edirne province, Turkey on 30 November

OPEC: Oil market to be more balanced in 2020 with current production levels

OPEC expects the oil market to stabilize in 2020 if current production levels continue

Oil falls in price and Azeri Light drops by 0.12%

Azerbaijani crude oil Azeri Light has decreased by $0.08

Oil falls in cost and Azeri Light declines in price by 0.38%

Azerbaijani crude oil Azeri Light has decreased by $0.26

Oil rises, and Azeri Light grows in price by 0.69%

Crude oil Azeri Light rose by $0.47

A new filling station under SOCAR brand put into operation

A new filling station has been commissioned under the SOCAR brand