Production of combi heating systems starts in Nakhchivan

Cahan Industrial Complex LLC has started manufacturing heating systems along with heating panels in Nakhchivan.

Oil prices decline, and Brent is at $55.52 a barrel

Prices for oil of benchmark grades are falling in Wednesday’s trading amid the expectations of lower demand for oil because of the grown incidence of Covid-19 and the current restrictive measures

Private investments to be raised to energy sector

Oil rises in price amid data about decline in U.S. inventories, and Brent is at $56.23 a barrel

Prices for oil of standard grades are growing in Wednesday’s trading after American Petroleum Institute’s data showed a decline in U.S. inventories last week

Over AZN 34 bn directed for oil & gas sector of Azerbaijan for past 5 years

The oil & gas sector of Azerbaijan has been financed AZN 34.4 bn for the last 5 years

Oil cheapens, and Brent is at $55.44 a barrel

Oil prices are lowering in Tuesday’s trading amid the deterioration of forecasts on the oil demand due to the continued high incidence of Covid-19 and slow vaccination

Forecast from a reputable agency: oil production to increase gradually

Rating agency S&P Global Ratings has published a forecast on the oil production in Azerbaijan this year

Oil prices change weakly, and Brent is at $55.37 a barrel

Prices for oil of standard grades are slightly changing during Monday’s trading after small changes at the end of last week

Oil prices fall, and Brent is at $55.44 a barrel

Oil prices are decreasing in Friday’s trading amid the prospect of falling oil demand due to the ongoing increase in the Covid-19 incidence around the world

SOCAR suspends work on open sections of platforms

The Azerbaijan State Oil Company (SOCAR) has suspended work on open platforms due to weather conditions.