Energy - 2021
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Projects for the supply of Azerbaijani gas to Europe are included in the list of projects of common interest of the European Union (EU). According to the materials of the European Commission, the fift...
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Barclays Bank raised its forecast for average oil prices for the next 2022 to $ 77 and $ 80 per barrel of WTI and Brent grades, respectively, reports Reuters.According to the bank's experts, a more ra...
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Azerbaijan, the economy of which is based on oil and gas projects, has actively declared the importance of developing green energy in recent years and adopted basic laws in 2021 as part of its task -...
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In connection with the repair work on the high-pressure gas pipeline Gazimagomed-Gazakh, the supply of natural gas to 5 villages of the Ismayilli region (the city of Ismayilli and 28 villages of the r...
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All oil refineries in Kazakhstan are currently operating normally, the situation on the market of fuels and lubricants (POL) in the country has stabilized, the government assures."Thanks to the measur...
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Iran produces on average 102 million liters of gasoline per day, announced Jalil Salari, Managing Director of the National Iranian Refining and Distribution Company (NIORDC).Average daily gasoline con...
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SOCAR plans to invest $ 1 billion in the energy sector of Pakistan, said the Azerbaijani ambassador to Islamabad Khazar Farhadov. “SOCAR plans to invest $ 1 billion in the energy sector of Pakistan. I...
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Gas production has begun from the fifth well on the northern flank as part of the Shah Deniz-2 project, bp reports.“The production launch, scheduled for the fourth quarter of 2021, was carried out saf...
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US sanctions against the Transadria company and the Russian-flagged vessel Marlin, associated with the Nord Stream 2 gas pipeline project, came into force on November 23, a written statement from the...
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The United States decided to use strategic oil reserves in coordination with other important energy-consuming countries - China, India, Japan, South Korea and the United Kingdom, the White House said...
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On Tuesday evening the world oil prices rose by almost 2%, while earlier a number of countries, including the United States, India and South Korea, announced the release of oil from strategic reserve...
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The spot price of gas in Europe is again above $ 1000 per thousand cubic meters after a one-day subsidence below this level.Yesterday, the price of December futures on TTF on the ICE Futures exchange...
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Azerbaijan has great potential in the energy sector, Shana agency reported the words of the Iranian Oil Minister Javad Ovji after a meeting with Azerbaijani Deputy Prime Minister Shahin Mustafayev.Acc...
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In the coming weeks, a Memorandum of Understanding will be signed between Iran and Azerbaijan in the field of oil, gas and the development of oil fields in the Caspian Sea, Iranian Oil Minister Javad...
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Uzbekneftegaz JSC, as part of financing a program to increase hydrocarbon production, signed agreements with VEB RF, EXIAR JSC, Gazprombank and Bank GPB International S.A. on cooperation, providing fo...
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The international rating agency Fitch Ratings has confirmed SOCAR's rating at "BB +", the forecast is "Stable", according to a message posted on the agency's official website."SOCAR is wholly owned by...















