Azerbaijan’s Oil Fund received $2.8 million from profit oil sale from ACG block in 2018

The State Oil Fund of Azerbaijan (SOFAZ) has received $2.823 million from sale of profit oil from oilfield block Azeri-Chirag-Gunashli (ACG) since early 2018

Azerbaijan meets its obligations within OPEC/NOPEC

The daily volume of oil production in Azerbaijan for April 2018 totaled 785,700 barrels, including 755,700 barrels of crude oil and 30,000 of gas condensate

Azerbaijani oil price approaches to $78 a barrel

The price of Azerbaijan's oil Azeri LT CIF on the world market has grown by $2.99

Azerbaijani and Iranian energy ministers discuss project of joint energy corridor with Russia

Azerbaijan's Energy Minister Parviz Shahbazov has completed his visit to Iran.

BHOS and Integrated Drilling Trust sign Cooperation Agreement

A meeting of management of SOCAR’s Integrated Drilling Trust (IDT) and fourth and five-year students of Baku Higher Oil School (BHOS) took place at the Higher School’s campus. At the meeting, BHOS rector Elmar Gasimov and Head of the Integrated Drilling Trust Iskender Shirali signed a Cooperation Agreement.

Azerbaijani oil price has increased

The price of Azerbaijan's oil Azeri LT CIF on the world market has grown by $0.41 (0.56%).

SOCAR to increase number of gas stations up to 29 in Azerbaijan

SOCAR Petroleum plans to bring the number of gas stations in Azerbaijan up to 29 by 2019

7.66 bn kWh of electricity generated for past 4 months

Electricity-supplier operator Azerenerji has published electricity generating volumes for April

Azerbaijani oil price keeps on falling

The price of Azerbaijan's oil Azeri LT CIF on the world market decreased by $1.38

More than 200 new buildings gasified for Jan-Apr

Azəriqaz, a gas-supplying sub-company of the State Oil Company of Azerbaijan (SOCAR) continues active connection of multi-apartment houses to gas supply

Opening of gas pipe TANAP to be held on 19 June

The ceremony of opening of Trans-Anatolian gas pipeline (TANAP) will take place on 19 June

Azerbaijani oil price has declined

The price of Azerbaijan's oil Azeri LT CIF on the world market increased by $0.75

Azerbaijani oil approaches to $76 a barrel

The price of Azerbaijan's oil Azeri LT CIF on the world market increased by $0.49

SDL Nobel signs new contract with BP

SDL Nobel signed a new 3-year contract with BP

Baku, Moscow and Tehran to form a group on energy corridor North-South

Deputy Energy Ministers of Azerbaijan, Russia and Iran held on Thursday in Baku a meeting on the project of energy corridor North-South

Azerbaijani oil has grown in price

The price of Azerbaijan's oil Azeri LT CIF on the world market increased by $0.71

Azerbaijan to introduce single tariff for power network connection

Azerishig, Azerbaijan’s electric power supply operator, will introduce a single tariff for connection to the power supply network.

SOCAR and BP sign agreement on joint exploration of prospective D230 block in Azerbaijani sector of Caspian

SOCAR and BP have signed an agreement on joint development and production of the promising block D230

OPEC Secretary General Mohammed Barkindo to pay a visit to Azerbaijan

The Secretary General of the Organization of Petroleum Exporting Countries (OPEC), Mohammad Barkindo, is expected to visit Azerbaijan

Azerbaijani President begins visit to UK

Azerbaijani President Ilham Aliyev has started his visit to the country to the UK at the invitation of Theresa May, the Prime Minister of the United Kingdom of Great Britain and Northern Ireland

Azerbaijani oil has fallen in price and costs $75

The price of Azerbaijan's oil Azeri LT CIF on the world market increased by $1.25