Energy - 2022
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The position of "chief geologist" was established for the first time in the State Oil Company of Azerbaijan (SOCAR), which was set up in September 1992.This position appeared as a result of the approv...
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Oil production with gas condensate in Azerbaijan in 2021 amounted to 34 million 580.7 thousand tons, which is 0.1% higher than in 2020. According to the State Statistics Committee of Azerbaijan, incl...
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The international group of companies Axens became the licensor and designer of the catalytic cracking unit at the Baku Oil Refinery named after Heydar Aliyev of SOCAR.“The signing of a contract betwee...
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The production of oil products in Azerbaijan in 2021 compared to 2020 increased in monetary terms by 13.4% - up to 4 billion 394.6 million manats ($ 2 billion 585.1 million at the current exchange rat...
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According to the results of 2021, motor gasoline and diesel fuel worth 2 billion 494.3 million manats ($1 billion 467 million) were sold through the retail network in Azerbaijan.According to the repor...
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For 2021, the budget revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) amounted to 15,985.6 million manats ($9,403 million), and budget expenditures - 11,382.7 million manats ($6,69...
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At the end of 2021, 720.6 million kilowatt-hours of electricity from Azerbaijan were transferred to Turkey through Georgia, the report of the Georgian Electricity System Operator (ESCO).According to t...
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Last year, Georgia imported 600.1 million kilowatt-hours of electricity from Azerbaijan, the report of the Georgian Electricity System Operator (ESCO).According to the document, compared to 2020, the...
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Starting from 2022, the European Bank for Reconstruction and Development (EBRD) aims to invest only in those projects that meet the goals of the Paris Climate Agreement, Alexander Nikolaenko, the bank...
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Fundamental factors support the rise of the oil market: the supply shortage remains quite serious, as the consequences of the COVID-19 “omicron” strain on oil demand turned out to be weaker than the c...
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The prices of gas futures in Europe at the close on Tuesday exceeded $900 per 1,000 cubic meters, according to data from the London ICE exchange. At the close, prices rose 3.7% from Monday's settlemen...










