SOFAZ revenue and expenditure statement for January-September 2019

25.10.2019 [18:21]
Budget revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for the period of January-September, 2019 reached 14 715.2 million manats, while budget expenditures constituted 7 680.4 million manats. Revenue of 12 074.9 mln. manats was received from implementation of oil and gas agreements ...

SOCAR, Romgaz sign MoU

24.10.2019 [17:58]
The State Oil Company of the Republic of Azerbaijan (SOCAR) and S.N.G.N. Romgaz S.A. have signed a Memorandum of Understanding under which the two companies will jointly cooperate in upstream oil and gas projects. The purpose of this ...

Azeri Light crude sells for $64.35

24.10.2019 [11:49]
Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $0.10 to stand at $64.35 ...

Oil prices fall on world markets

24.10.2019 [11:26]
Oil prices have decreased on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil fell $0.21 to trade at $60.96, while the price of Light crude oil at the NYMEX ...

SOFAZ Executive Director meets with AmCham Azerbaijan members

23.10.2019 [15:32]
The American Chamber of Commerce in Azerbaijan (AmCham Azerbaijan) hosted another members’ luncheon. The honorable guest speaker of this month was Executive Director of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) ...

Azeri Light oil price exceeds $64

23.10.2019 [12:21]
Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $1.49 to stand at $64.25 ...

Oil prices fall on world markets

23.10.2019 [11:37]
Oil prices have decreased on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil fell $0.19 to trade at $59.51, while the price of ...

Azerbaijan transports about 1,8 billion cubic meters of natural gas through TANAP this year

22.10.2019 [18:39]
Azerbaijan transported some 1,8 billion cubic meters of natural gas via the Trans-Anatolian Natural Gas Pipeline Project (TANAP) this year. According to SOCAR, the TANAP transported 1 billion 798 million cubic meters of natural gas in the nine months of 2019. ...

TANAP receives The Stevie Awards

22.10.2019 [16:05]
The Trans Anatolian Natural Gas Pipeline (TANAP) has received the US-based 2019 International Business Awards (The Stevie Awards) in the category of Corporate Social Responsibility Program of the Year - in Europe. TANAP General Manager Saltuk Duzyol was presented the award at the ceremony held in Vienna ...

Oil prices fall on world markets

22.10.2019 [12:21]
Oil prices have decreased on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil fell $0.06 to trade at $58.90, while the price of Light crude oil at the NYMEX (New York Mercantile Exchange) decreased $0.11 to stand at $53.20 ...

Azeri Light crude sells for $62.76

22.10.2019 [11:50]
Azerbaijani oil price has decreased on the world markets. The price of a barrel of Azeri Light crude oil fell $1.23 to stand at $62.76 ...

Oil prices fall on world markets

21.10.2019 [11:31]
Oil prices have decreased on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil fell $0.27 to trade at $59.15, while the price of ...

Azeri Light oil price reaches $64

19.10.2019 [13:37]
Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $0.70 to stand at $63.99 ...

Oil prices fall on world markets

19.10.2019 [12:25]
Oil prices have decreased on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil fell $0.49 to trade at $59.42, while the price of Light crude oil at the NYMEX (New York Mercantile Exchange) decreased ...

Azerbaijan exports 20,9 million tons of crude in 8 months of 2019

18.10.2019 [17:44]
Azerbaijan exported 20,883,4 million tons of crude oil in the eight months of 2019, according to the State Statistics Committee. Official figures suggest that the total value of the exported oil made $9,708,116,2 ...

Azeri Light crude falls on world markets

18.10.2019 [11:45]
Azerbaijani oil price has decreased on the world markets. The price of a barrel of Azeri Light crude oil fell $0.32 to stand at $63.29 ...

Semi-submersible drilling rig named after Heydar Aliyev achieves good results in first well drilled

17.10.2019 [20:17]
The construction of the semi-submersible drilling rig of the 6th generation named after Heydar Aliyev, started in 2013 after decree of President Ilham Aliyev, who as well participated in its official opening on the Caspian Sea. The drilling rig has been ...

Azeri Light crude sells for $63.61

17.10.2019 [13:55]
Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $0.69 to stand at $63.61 ...

Oil prices fall on world markets

17.10.2019 [11:28]
Oil prices have decreased on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil fell $0.51 to trade at $58.93, while the price of ...