OPEC+ agreement fulfilled by 103% this year

OPEC+ countries have met their commitments to reduce oil production by 103% this year

SOFAZ clarifies matter of Shah Deniz revenue reduction

Within the framework of the project of the development of Shah Deniz gas condensate field in the Azerbaijani sector of the Caspian Sea, there are certain agreements with various buyers.

Time of next OPEC+ meetings announced

The next, 28th meeting of the Joint Monitoring Committee of the Ministers of OPEC and some non-OPEC countries will be held on 31 March

Georgia has increased electricity volume bought from Azerbaijan

Oil price keeps on growing, and Brent is at $67.85 a barrel

Oil prices continue to rise in Friday’s trading after the OPEC+ decision

Oil grows in price, and Brent is at $64.56 a barrel

Prices for oil of standard grades are increasing in Thursday’s trading

Data on SOFAZ's income on two fields unveiled

The State Oil Fund of Azerbaijan (SOFAZ) has released revenues on Azeri-Chirag-Guneshli (ACG) and Shah Deniz fields

Petkim exceeded forecasts – its profit has grown

The net profit of Petkim, a large partner of SOCAR, amounted to 1.07 bn Turkish liras in 2020

Oil value grows, and Brent is at $62.90 a barrel

Prices for oil of standard grades are rising in Wednesday’s trading, despite data from the American Petroleum Institute released on Tuesday night, showing an increase in U.S. inventories last week

SOCAR to cooperate with an American company

The Turkish ‘daughter’ of the State Oil Company of Azerbaijan (SOCAR), SOCAR Turkey, will work together with the American company to turn its operations into a hybrid using IBM cloud technologies