Decline in oil demand has led to an increase in gas processing

Last year, SOCAR's Heydar Aliyev Oil Refinery processed 5.9 million tons of oil

Azerbaijan increased natural gas exports by 16%

SOCAR exported 17.9 million tons of crude to foreign markets for 2020

SOCAR gas extraction observed growth for 2020

SOCAR has published a report on its activities for the past year

SOCAR drilling units drilled 56,000 m last year

A significant decrease in drilling operations for 2020, as well as in case with oil production, is linked with the implementation of the OPEC deal

This company is allowed some types of insurance

Supervisory authority has issued a permit to Bakı Sığorta for some types of compulsory property insurance and mandatory insurance of vehicle owner’s civil liability

Azerbaijan’s import of meat and seafood products grew by 18% in 2020

Last year Azerbaijan imported finished meat and seafood products for $33.739 million

Azerbaijan increased exports of polyethylene and polypropylene in 2020

SOCAR Polymer became the largest exporter of polypropylene to Russia in 2020

The road to the city of Shusha - Photo

The road to the city of Shusha will be built to bypass large settlements, as well as the famous Topkhana forest

Azerbaijan increased export and reduced import of seafood

Azerbaijan imported seafood for $21.146 million last year

Measures to be taken against polyethylene plastic material sellers

Number of private sector legal entities reduced

In 2020, the number of state-owned legal entities participating in foreign trade decreased by 26 to 267

Decrease on rate of the employed in foreign trade reported

The quantity of companies engaged in foreign trade decreased in 2020

Gold drops more than by $3

Gold offered at the world exchanges have decreased in price

Oil keeps on falling, and Brent is at $54.58 a barrel

Oil prices continue declining in Monday’s trading amid the strengthening of the US dollar

Exchange rate of Azerbaijani manat for 18 January

Azerbaijani manat rate has grown to the euro and to the Russian ruble, while is stable to the US dollar