SOCAR Georgia Petroleum opens a new multifunctional complex in Georgia

On 23 December SOCAR Georgia Petroleum opened a new multifunctional complex on expressway Tbilisi-Sebaki-Leselidze near the city of Terkola

Oil rises in price slightly

Prices for oil of standard grades are increasing slightly on Tuesday

Oil prices change slightly after rise the day before

Prices for oil of standard grades have changed a little on Friday after their growth the day before up to the upper limit since September

Oil & gas sector produced for more than AZN 27 bn in 2019

The State Statistics Committee reports that the oil & gas sector of Azerbaijan was invested AZN 4.8 bn for the past 11 months of 2019

Oil prices not changed much

Prices for crude oil of standard grades have changed a little in Thursday’s trading following the previous trading sessions, and there were observed no significant changes

President Ilham Aliyev: SOCAR to expand activity in Ukraine

SOCAR is going to broaden its activities in Ukraine, said President Ilham Aliyev on 17 December, making statements for the press in Baku with his Ukrainian counterpart Vladimir Zelensky

Oil falls in price after its rise the day before

After rising on Tuesday, oil prices are declining on Wednesday on the data of the American Petroleum Institute about the increase in oil reserves in the United States

SOCAR-Petrofac has signed a contract with BP

Joint venture SOCAR-Petrofac has signed a contract for project management services with the purpose to support BP`s operations in Azerbaijan and Georgia

More than $76 million of electricity exported for Jan-Nov

The State Customs Committee has reported that Azerbaijan exported 1.742 bn kWh of electricity for the past 11 months of this year

Oil prices change a little after a slight rise

Oil prices change slightly during Tuesday`s trading after a slight increase the day before

Tekfen acquired a 10% stake in SOCAR Polymer

According to SOCAR, a document was signed at the company`s head office on the acquisition of a part of SOCAR Polymer`s shares by Turkish company Tekfen

Oil price falls after last week`s rise

Oil prices have fallen on Monday morning after a jump in the previous session

Azerbaijan supplied 64% of Georgia`s imported electricity for Jan-Nov

Georgia imported 904,006 million kWh of electricity from Azerbaijan for Jan-Nov 2019

Oil grows in price

Prices for oil of standard grades increased on Thursday and keep on rising in the course of the trading on Friday

International Energy Agency: OPEC`s decision could not prevent abundance of supply on market

The decision to cut further oil production by OPEC and non-OPEC countries will hardly prevent the abundance of oil supplies to the market in 2020

Non-OPEC states` daily oil production exceeds 70 million bpd

Excise duty on gasoline and diesel fuel increases in Uzbekistan

Excise tax on gasoline and diesel fuel is to be increased in Uzbekistan

Volume of gas extracted from Shah Deniz field announced - 115 bn cu m

115 bn cu m of natural gas and more than 27 million tons of condensate have been produced in the Azerbaijani sector of the Caspian Sea since the beginning of the development of Shah Deniz field

Azerbaijani oil price falls to $68.75

The the sale price of Azerbaijani oil has been announced.

OPEC oil production declined in November

The OPEC daily oil production decreased for November, according to the OPEC monthly report

Volume of oil produced announced - about 600 million tons

Until 1 December 555 million tons of Azerbaijani oil were delivered to the world market