SOCAR increased gas extraction by 14% - Results for Q2

SOCAR has unveiled the data on natural gas extracted in the 2nd quarter of 2020.

Oil price rises, and Brent is traded at $43.06 a barrel

Prices for standard grades of oil continued to rise in Wednesday’s trading after their growth the day before

Azerbaijan sold 88,800 tons of fuel to Georgia for past 6 months

Over Jan-Jun 2020 Georgia purchased 88,800 tons of fuel from Azerbaijan

Oil gets cheaper, and Brent is traded at $42 a barrel

Prices for oil of standard grades in Tuesday’s trading are lowering amid concerns about tighter quarantine measures in some countries

Saudi Arabia to increase oil production next month

Saudi Arabia and most of the countries participating in the OPEC+ agreement support the idea of increasing oil production against the backdrop of growing demand

Administrative fines applied on 5 cases of natural gas theft

Over Jan-Jun the Ministry of Energy reviewed 272 cases of administrative violations

This gas pipeline halts its operation

The Blue Stream gas pipeline has been inactive for about 2 months

Oil price falls amid expectations of OPEC+ meeting, and Brent is at $42.93 a barrel

Prices for oil of standard grades are falling in Monday`s trading amid expectations of a meeting of the OPEC+ Ministerial Monitoring Committee scheduled for 15 July

SOCAR to open 5 gas stations in Europe

OPEC states` crude oil production declined

In June the OPEC countries` crude oil production declined compared with the previous month

Oil keeps on falling in price, and Brent is traded at $41.80 a barrel

Any malfunction to be corrected immediately – new smart gas meter cards to be introduced in Baku

Last year, 200 modern smart-card gas meters produced by German company Zenner were delivered to Azerbaijan, which won an open tender for the purchase of smart-card meters

367 appeals from entrepreneurs on connection to power grids considered

Azerbaijan`s head took part in opening of another substation

On 9 July President Ilham Aliyev has taken part in another opening ceremony

Oil refining reduced by 79,000 tons in Azerbaijan

From 30 June 2018 to 1 July 2020 Azerbaijan carried 5.8 bn cu m of gas to Turkey via TANAP

Azerbaijan has unveiled data on gas export to these countries

Gas production in Azerbaijan reached 19.3 bn cu m for the first half of 2020 (rise of 11.5% versus the 2019 same term)

Azerbaijan cuts oil production by 1 million tons for past 6 months

Over Jan-Jun 2020 Azerbaijan produced 17.8 million tons of oil (together with condensate)

Oil price changes a little after growth, and Brent is traded at $43.27 a barrel

Prices of oil of standard grades are changing a little in Thursday’s trading after their rising the day before

Economy Ministry: Production of polypropylene to increase

SOCAR Polymer LLC is expanding the manufacture of polypropylene used in the manufacture of special types of fabrics

Oil cheapens amid data about U.S.’ reserves, and Brent is at $42.95 a barrel

Oil prices fell during Wednesday’s trading amid the expectations of the publication of the data about oil reserves in the U.S.

Azerbaijan is main gas supplier to Georgia