Industry

SOCAR Turkiye, which celebrated its 15th anniversary in Turkiye in 2023, continues to make strategic investments in the energy sector in accordance with the common strategic goals of Azerbaijan and Tu...

As a result of the early presidential elections on February 7 in Azerbaijan, Ilham Aliyev, who has been in office for more than 20 years, became the head of state for a seven-year term, and officially...

The fuel and energy complex (FEC) remains a key one in the economy of Azerbaijan, but 2023 was held under the slogan of transition to a "green economy", the development of renewable energy sources and...

The year 2023 is coming to an end; it will be remembered for the banking crisis in the United States at the beginning of the year, the global economic downturn in the first half of the year, and geopo...

On December 10, the opening ceremony of the 109-kilometer Interconnector Bulgaria Serbia-IBS was held in the Serbian city of Niš, during which the presidents of Bulgaria, Serbia and Azerbaijan talked...

In the coming year, Azerbaijan will celebrate the 30th anniversary of the "Contract of the Century" (the Azeri-Chirag-Gunashli block of fields) and the 75th anniversary of obtaining the first oil at t...

Last weekend, a "Summit on Methane and other greenhouse gases other than Carbon Dioxide" was held in Dubai as part of the COP28 events, and a number of CIS countries producing and exporting oil and ga...

The 28th session of the Conference of the Parties to the UN Framework Convention on Climate Change (COP28) will be held in Dubai (UAE) on November 30-December 12, and Azerbaijan, in confirmation of th...

Azerbaijan, aimed at long-term gas exports to Europe, in the next 2 years must finally decide how to fulfill its obligations to the EU on the transportation and trade of hydrogen and other low-carbon...

The government of Azerbaijan has traditionally included in the package of budget documents its forecasts for the development of the economy, including the fuel and energy complex (fuel and energy comp...

Fitch Ratings has confirmed the long-term issuer default rating (IDR) of the State Oil Company of the Republic of Azerbaijan (SOCAR) and the senior unsecured rating at the level of "BB+" (Azerbaijan's...

Oil and gas companies of the world have been falling "out of the fire and into the flames" for the last 4 years, moving from a reduction in production in 2020-21 due to the COVID-19 pandemic to an inc...

On Tuesday, the price of benchmark Brent crude oil exceeded $95 per barrel, and this milestone was overcome for the first time since November 15, 2022 and "brings" joy to oil producers and chagrin to....

On September 5, the international rating agency Moody's Investors Service confirmed the rating of SOCAR (the State Oil Company of Azerbaijan) at the level of "Ba1", the outlook on the ratings as "stab...

On August 17, Azerbaijan was completely excluded from the Open Government Partnership (OGP). For many years, since 2016, the OPG has maintained Azerbaijan's membership in the organization in an inacti...

Reputable consulting and energy companies in the world state an increase in demand for hydrocarbons in 2023-27, especially for the two largest economies – the United States and China, and predict an i...