SOCAR and LUKOIL sign an agreement on joint exploration

On 22 January SOCAR and LUKOIL signed the Memorandum of Understanding on cooperation in the exploration block that includes prospective structure Nakhchivan and shallow water structures Goshadash and Caspian Guba

Oil declines in price after falling the day before

The prices for oil of standard grades continue declining on Thursday after a significant drop on Wednesday

SOCAR to build an expensive power plant in Izmir

SOCAR continues investing in Turkey. In particular, the Company is going to deal with construction of a power plant for Star oil refinery in Aliaga district of Izmir.

Shah Deniz gas export exceeds 24% in 2019

Azerbaijan main gas pipelines carried 27.512 bn cu m of gas last year.

How much electricity did wind farms generated?

The volume of electricity generated at wind and solar power plants in Azerbaijan for 2019

Diesel fuel production grew by 8% in Azerbaijan

Oil price goes down

Oil prices decreased on Tuesday and continue their falling on Wednesday

State-run company`s share capital grows sharply up to AZN 13.668 million

The authorized capital of Azeristyliktezhizat has increased sharply

Oil prices drop after rise

Prices for oil of standard grades decline in the Tuesday`s trading after their rising the day before

Oil prices increased

Prices for oil of standard grades are stable in the trading on Friday after solid rise the day before

Data on BTC oil volumes published

The data has been unveiled on Azerbaijani oil delivered in 2019 via pipeline Baku-Tbilisi-Ceyhan through Turkey to the world market

Azerbaijan increased electricity export to Turkey by 9 times

Azerbaijan increased last year the export of transit electricity to Turkey through Georgia by 9 times or by 122,726,997.3 kWh up to 136,160,290.4 kWh

Oil price rises after falling the day before

Prices for oil of standard grades are rising in Thursday`s trading, after falling on Wednesday to the lowest level in six weeks

233.1 million barrels of oil carried via BTC last year

233.175 million barrels of oil were transported via pipeline Baku-Tbilisi-Ceyhan that delivers Azerbaijani oil through Turkey to the world market in 2019

Oil prices drop after rise the day before

Oil prices are declining on Wednesday after their growing the day before

President Ilham Aliyev: Development of renewable energy is a priority for Azerbaijan

At yesterday`s meeting President Ilham Aliyev raised a range of questions, including the ones concerning new power plants to be built in Azerbaijan

President about new power plants: they will be largest power plants in region

Azerbaijan is to construct the largest solar and wind power plants in the region

Oil prices are stable

Oil prices are stable in trading on Tuesday, after falling on Monday

OPEC and allies to discuss further decline in oil production in March

Discussions on further production cuts by OPEC members led by Saudi Arabia and other non-OPEC oil producing countries, including Russia, have been postponed for March.

Oil finishes the week with lower prices

Oil prices observe falling in today`s trading and may end the week with a decline

Oil production from oilfield block Azeri-Chirag-Guneshli exceeds 500 million tons

Oil production from oilfield block Azeri-Chirag-Guneshli in the Azerbaijani sector of the Caspian Sea exceeded 500 million tons