Energy - 2021
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At its meeting on June 30 the Tariff Council of Azerbaijan considered the appeal of SOCAR and made an appropriate decision on tariffs for natural gas.According to the decision, 1200 cubic meters per y...
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In July of this year, Azerbaijan plans to produce daily 610 thousand barrels of oil (without condensate) under the OPEC agreement on production cuts.In May 2021, the country's daily oil production (wi...
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The revenues of the State Oil Company of Azerbaijan (SOCAR) in 2020 amounted to 49 billion 607 million manats, a net loss of 1 billion 734 million manats (at the current rate of $ 1.02 billion). In 20...
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SOCAR's revenues from the sale of crude oil in 2020 decreased by 1.9 times compared to 2019 - to 26 billion 419 million manats.According to the consolidated financial statements of SOCAR for 2020, the...
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SOCAR's revenues from operations in Turkey in 2020 amounted to 7 billion 618 million manats, which is 18.8% less than in 2019.According to the consolidated financial statements of SOCAR for 2020, Turk...
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The State Oil Fund of Azerbaijan (SOFAZ) sold foreign currencies for a total of $ 463.6 million at foreign exchange auctions in June 2021, the Fund reported.As previously reported, SOFAZ sold $ 312.7...
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A record electricity consumption was recorded in Azerbaijan in June, Azerishig OJSC reports. Since June 21, the air temperature in Azerbaijan has exceeded the climatic norm. Therefore, the need for th...
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Over six months of 2021, Turkey purchased 14.64 billion cubic meters of Russian gas, surpassing the previous six-month import record set in 2017 (14.436 billion cubic meters), follows from the data...
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OPEC + countries postponed negotiations on a deal to limit oil production to Friday, July 2, RIA Novosti reported.Yesterday, at a meeting of the OPEC + ministerial monitoring committee, as well as a m...
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Gas prices in the European forward market are already above $ 450 per 1,000 cubic meters, according to the trading data. The cost of the August futures on the Dutch TTF index, the liquid European hub,...









