Energy - 2021
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Baku /08.10.21/Turan: The Bank of America predicts a rapid increase in oil prices up to $ 100 per barrel for the first time since 2014 amidst the global energy crisis, RIA Novosti reports with referen...
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Production of the first oil from the Karabakh offshore field is planned to be obtained in 2025. This is stated in the annual report of the State Oil Company of Azerbaijan (SOCAR)."The first oil produc...
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According to SOCAR, as of January 1, 2021, the total volume of foreign investments in the oil industry of Azerbaijan exceeded $ 95.1 billion.Such data are given in the company's 2020 annual report pub...
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The Turkish subsidiary of the State Oil Company of Azerbaijan (SOCAR) - SOCAR Turkey Energy - has become a member of the Turkish Oil Industry Association (PETDER). According to Turkish media, the numb...
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The cost of oil production at SOCAR's fields in 2020 decreased by 4% compared to 2019 - to 118.85 manats per ton. Such data are given in the company's 2020 annual report published on the SOCAR website...
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The cost of gas production at SOCAR fields in 2020 decreased by 1% compared to the figure for 2019 - to 61.27 manats per 1,000 cubic meters. Such data are given in the company's 2020 annual report pub...
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PJSC LUKOIL announces the signing an agreement on the acquisition from the Malaysian company PETRONAS of a 15.5% stake in the Shah Deniz gas project in the Azerbaijani sector of the Caspian Sea. The d...
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The rate of oil consumption until 2024 will grow by 0.7% per year, gas prices will also rise, said Russian President Vladimir Putin at a meeting on the development of energy in Russia. “According to i...
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In the Stavropol Territory, Lukoil laid the first stone in the construction of the second complex of the Stavrolen LLC gas processing plant in Budenovsk, the press service of the company reports.The c...
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The EU proceeds from the fact that in the future they will rely not on gas, but on renewable energy sources, European Commission President Ursula von der Leyen said on Wednesday."Our future lies with...
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The European Commission will allocate at least one trillion euros until 2030 for the implementation of the EU's climate policy, said European Commissioner for Economics Paolo Gentiloni at a conference...
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Turkey sees opportunities for private business due to the end of a number of contracts for gas imports, said Deputy Energy Minister Alparslan Bayraktar in a video message to the participants of the LN...











