Energy - 2024
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SOCAR is actively working to transform itself from an exclusively oil and gas company into a universal energy corporation that includes renewable energy sources, Rovshan Najaf, President of the State...
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The State Oil Company of Azerbaijan (SOCAR) completed 2023 with satisfactory results, despite the weakening of global economic activity, geopolitical processes, volatility in energy markets, as well a...
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On June 25, the State Oil Company of the Republic of Azerbaijan (SOCAR) and the leading German energy company VNG signed a Memorandum of Understanding to expand cooperation in the field of natural gas...
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In January-May, gas production in Russia increased by 9.1% compared to the same period last year – to 254 bcm, according to “Rosstat” data. The indicator for May decreased by 4% compared to April, co...
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A referendum on the construction of a nuclear power plant (NPP) in Kazakhstan will be held this autumn, the President of the country Kassym-Jomart Tokayev stated yesterday at a solemn ceremony on the...
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On June 26, “Gazprom” and NIGC signed a strategic memorandum on working out the organization of Russian gas supplies to Iran during Miller's visit to Tehran. The signing of a memorandum on the organiz...
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“Novatek” plans to supply the second liquefaction process line for Arctic LNG 2 from the Murmansk Region at the end of July, Reuters reports, citing sources. "The Russian energy company “Novatek” plan...
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Gas reserves in European underground storage facilities (UGS) have approached 76%, but are lagging behind record levels in 2020, when UGS were more than 79%. Gas is traded on the stock exchange in Eu...
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Oil production in the United States for the week which ended on June 21, remained at the level of the previous week at 13.2 million barrels per day, the weekly review of the Energy Information Admini...
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The State Oil Company of Azerbaijan (SOCAR) and the Norwegian company “Equinor” discussed the possibilities of cooperation. SOCAR reports that
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On July 1, ICGB Company (operator of the Greece-Bulgaria interconnector, IGB) will hold annual auctions to reserve the available capacities of the IGB interconnector, the press service of the pipelin...
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In the main gas pipelines of Azerbaijan, in January-March of this year, the volume of technical losses amounted to 14.8 mcm, by 8.6% less compared to the same period last year.
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The international rating agency S&P Global Ratings has confirmed the long-term and short-term credit ratings of the issuer of “Azerenergy” JSC at the level of "BB/B" with a stable outlook. Accordin...
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Power transmission lines will be updated in five villages of Bilasuvar region. According to “Azerenerji,” the talk is about the villages of Ismetli, Agayry, Guneshli, Yukhary Agaly, and Mugan. Accord...
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“Azerenergy” OJSC has applied to two foreign companies to obtain carbon certificates for 7 small hydroelectric power plants in Kalbajar and Lachyn, “Azerenergy” reported. Earlier this year, “Azerenerg...
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The STAR Oil Refinery, an asset of the State Oil Company of Azerbaijan (SOCAR) in Turkiye, entered the TOP 3 largest enterprises in Turkiye in 2023 in the rating of the Istanbul Chamber of Industry (I...















