Energy - 2020
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The price of May futures for the West Texas Intermediate (WTI) oil brand fell by 3% on Tuesday, according to the London ICE. A barrel of WTI is trading for $ 20.8.At a minimum during trading on the Lo...
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The State Oil Company of Azerbaijan (SOCAR), by agreement with the Trade Union of Oil and Gas Workers, made changes in the schedule of oil workers on platforms and other offshore facilities in the Cas...
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In March 2020, the world was shaken by the strongest drop in world oil prices (by more than 53%, the largest in 18 years), and as a result, prices for fuel produced in North America fell, and exporter...
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Bulgaria, which is building an interconnector (IGB) with the Trans-Adriatic Gas Pipeline (TAP) to receive gas from Azerbaijan, is initiating negotiations to lower its price, that is, in fact, to revie...
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Baku / 19.03.20 / Turan: The State Oil Company of Azerbaijan (SOCAR) and Norwegian Equinor announced on March 19 the first discovery of an oil field during the independence of modern Azerbaijan - the...
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Baku/18.03.20/ Turan: Azerenerji JSC (state monopolist in the production and distribution of electricity) in 2019 increased the volume of capital investments by 2.2 times compared to 2018 - up to 369...
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Baku/18.03.20/ Turan: For Uzbekistan it is more profitable to use gas in the domestic market than to export it, said the head of Uztransgaz, Ulugbek Sayidov.Gas is planned to be processed into polymer...
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Baku/18.03.20/ Turan: Oil prices on world exchanges are rapidly falling due to the unclear future of the world market.The cost of the May Brent crude oil futures on the London ICE Futures exchange bas...
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Baku/18.03.20/ Turan: SOCAR Marine (a subsidiary of SOCAR) has become a leader in the international marine fuel sales sector in Turkey by the end of 2019, Turkish media reported.“Last year, SOCAR Mari...
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Baku/18.03.20/ Turan: Export of declared oil from Azerbaijan in January-February 2020 amounted to 5 million 679 thousand 384.28 tons. The cost of exported oil amounted to $ 2 billion 727 million 328.7...
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Baku/18.03.20/ Turan: Mozyr Oil Refinery (Gomel region? Belarus) began refining the first batch of oil from Azerbaijan.According to the press secretary of the Belneftekhim concern Alexander Tishchenko...
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Baku/18.03.20/ Turan: In January-February, Azerbaijan, according to customs declarations, exported 1,371,330.08 thousand cubic meters of natural gas.According to the monthly report of the State Custom...
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Baku/18.03.20/ Turan: At the end of February, the construction of the Trans-Adriatic Gas Pipeline (TAP), designed to ensure the supply of Azerbaijani gas to Europe, was completed by 93.5%. This was re...
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The Trans Adriatic Pipeline (TAP) gas consortium, gas distribution companies Snam Rete Gas (SRG, Italy) and DESFA (Greece) are carrying out concrete work to expand this gas pipeline as the European pa...
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Baku/16.03.20/ Turan: The Central Bank of Azerbaijan sold foreign currency totaling $ 964.2 million to banks at foreign exchange auctions held with the participation of the State Oil Fund of Azerbaija...
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Baku/16.03.20/ Turan: The international rating agency Fitch Ratings affirmed the long-term foreign currency rating assigned to Eurobonds of Azerbaijani Canub Qaz Dehlizi CJSC (South Gas Corridor) at t...















