Energy - 2020
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Baku/20.04.20/ Turan: Funds for measures to support business entities and the population from damage resulting from the COVID-19 Corona Virus pandemic in Azerbaijan may reach 3.5 billion manat ($ 2.06...
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Baku/20.04.20/ Turan: The Fitch Ratings international rating agency affirmed the State Oil Company of Azerbaijan (SOCAR) long-term issuer default rating of "BB +", the agency’s press release said.The...
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Baku/20.04.20/ Turan: SOCAR's capital investments for 2019-2022 are estimated at 12 billion manat ($ 7 billion at the current rate), Fitch reports.Earlier, the agency estimated the investments of the...
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Baku/20.04.20/ Turan: The State Oil Fund of Azerbaijan (SOFAZ) acquired 348.9 kg of gold in the 1st quarter of 2020.According to the Fund, the Fund allocated $ 17.4 million for these purposes. At the...
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Baku/20.04.20/ Turan: American Chevron sold its non-operating shares in the Azeri-Chirag-Gunashli (ACG) oil fields and the Baku-Tbilisi-Ceyhan (BTC) oil pipeline to the Hungarian MOL for $ 1.57 billio...
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Baku/20.04.20/ Turan: A new gas station under the SOCAR brand was put into operation on the Sumgayit highway section, near the environmental control post of the traffic police passing through the vill...
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Baku/20.04.20/ Turan: For the first quarter of this year, 6 672.9 million kWh of electricity was generated in Azerbaijan, which is 5.2% more than in January-March 2019.According to the State Statistic...
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Baku/20.04.20/ Turan: Saudi oil tankers heading towards the Gulf of Mexico can further aggravate the situation with a record excess of supply in the US market.Saudi oil, about seven times the size tha...
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Baku/20.04.20/ Turan: WTI oil increased its decline during the auction due to the increase in supply on the market last Friday.Futures for WTI oil for May on electronic trading at the New York Mercant...








