Industry
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Baku Oil Refinery named after Heydar Aliyev (BNEZ) of the Azerbaijan State Oil Company (SOCAR) plans to start production of gasoline conforming to Euro-5 environmental standards this month.
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The 29th International Energy Forum was held in Baku, and almost all speeches indirectly or directly included the topic of COP29 - the 29th session of the Conference of the Parties to the United Natio...
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The projects Info-communication Technology (ICT), High Technology (HT), and finally Digital Development (DD) seem to help the survival of many sectors of the world's economy, although the introduction...
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In April, the International Energy Agency (IEA) stated that gas prices in Europe and Asia in the first quarter of 2024 fell below pre-crisis levels amid an oversupply with declining demand. The IEA be...
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The recent downturn in oil production in Azerbaijan has exerted a significant impact on the country's foreign trade turnover, sparking concerns and prompting a closer examination of underlying factors...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...