Azerbaijani-based company Global Energy Solutions expands its business to Kazakhstan

Azerbaijani-based company Global Energy Solutions (Glensol), one of the leading providers of maintenance and integrity solutions to the oil and gas, power and water, chemical industries expanded its business to Kazakhstan

Azerbaijani oil price declines to $66.37 a barrel

On the world market Azeri crude oil Azeri LT CIF fell by $0.14 (0.21%) on 22 December and remains at this level.

Azerbaijan raises syndicated loan worth $524.5 mln for Shah Deniz project development

Southern Gas Corridor has raised a syndicated loan worth $524.5 mln

The price of Azerbaijani oil drops slightly

Azeri LT CIF oil fell by $ 0.03 (0.05%) in price on the world market

Power supply to be restricted to Masazir settlement today

Interruptions in power supply will be observed in the Masazir settlement of Baku's Absheron district

SOCAR and Total discuss prospects for cooperation in Absheron field development

The State Oil Company of Azerbaijan (SOCAR) and Total Company discussed prospects for cooperation

Azeri Light oil grows in price

Azerbaijan's Azeri LT CIF has grown in price by $0.78 (1.18%) on the world market

SOCAR produced 5,537.7mln cubic meters of gas since early this year

26,086.7 mln cubic meters were produced in Azerbaijan in January-November

Azerbaijan produces over 35.3 mln tonnes of oil since early year

The State Oil Company of Azerbaijan (SOCAR) has produced 6,802,300 tonnes of oil since the beginning of the year

SOCAR and Statoil sign agreements on main principles of perspective cooperation

SOCAR President Rovnag Abdullayev has held a meeting with Statoil's General Vice President Al Cook

Azerbaijani oil drops in price

Price of Azerbaijani oil Azeri LT CIF on the world market dropped by $0.36 (0.54%)

Spain’s Tecnicas Reunidas becomes SOCAR’s contractor on reconstruction of the Heydar Aliyev refinery

The Baku oil refinery n.a. Heydar Aliyev and Spain’s Tecnicas Reunidas signed a contract for reconstruction of the refinery.

SOCAR has bought a filling station network in Austria

Socar Energy Holding, a subsidiary of Socar Energy Switzerland, has become the owner of the filling station network in Austria

Azerbaijani oil increased in price

Price of Azerbaijani oil Azeri LT CIF on the world market rose by $0.21 (0.32%)

Energy Minister has got acquainted with activities of energy facilities

Azerbaijan's Energy Minister Parviz Shahbazov has familiarized himself with activities of a number of facilities, taking leading positions in the energy sector

Azerbaijan’s Energy Minister meets with UK Minister of State for Trade & Export Promotion

Azerbaijani Energy Minister Parviz Shahbazov has met with Baroness Rona Fairhead, the UK Minister of State for Trade & Export Promotion and co-chair of the Joint Intergovernmental Commission

Oil production decreases in Azerbaijan

Azerbaijan’s oil production 35,413 tons of oil for the first 11 months of 2017 that is by 6.1% less than for the same term of 2016

Cost of Azeri oil has grown by half a dollar

The price of Azerbaijani oil Azeri LT CIF has become more expensive on the world market

OECD countries’ oil stocks decreased by 200 million barrels since early 2017

Oil stocks in countries of the Organization for economic cooperation and development (OECD) decreased by 200 million barrels from the beginning of the year

SOFAZ has received $5.8 bn from ACG profit oil this year

Over Jan-Nov of the year the State Oil Fund of Azerbaijan (SOFAZ) received $5.78 bn from sale of profit oil from oilfield block Azeri-Chirag-Gunashli (ACG), located in the national sector of the Caspian Sea

Azeri oil price continues to decline

The price of a barrel of Azerbaijani oil Azeri LT CIF on the world market fell by $1.41