Fitch: Gas to rise in price in Europe until end-2022
Fitch Ratings has increased its natural gas price assumptions for 2021 and 2022 in Europe due to strong year-to-date prices, recovering demand and supply challenges, Report informs…
Oil Price at $ 23 / Barrel Considered Profitable for SOCAR
The Fitch Ratings international rating agency affirmed the State Oil Company of Azerbaijan (SOCAR) long-term issuer default rating of “BB +”, the agency’s press release…
Fitch Ratings cuts oil, gas price assumptions on coronavirus, price war
Fitch Ratings has cut its short- and medium-term oil and natural gas price assumptions in expectation of very large market oversupply in 2020, Trend reports citing Fitch…
Fitch Affirms Azerbaijan’s Southern Gas Corridor CJSC’s Notes at ‘BB+’
Fitch Ratings has affirmed Southern Gas Corridor CJSC’s (SGC) senior unsecured Eurobonds’ long-term foreign currency rating at ‘BB+’. The affirmation reflects Fitch’s unchanged view on…
Volume of gas production in Azerbaijan to double – Fitch
Beginning of gas production from the Shah Deniz 2 project will allow Azerbaijan to diversify its own energy resources. The head of Fitch Ratings on…
SOCAR names sum required to complete Southern Gas Corridor
Fitch Ratings has affirmed Azerbaijan’s state oil company SOCAR long-term Issuer Default Rating (IDR) at ‘BB+’, short-term IDR at ‘B’ and senior unsecured rating at…
Azerbaijan’s Power Engineers Have Negative Long-term Forecast
Azerenergy OJSC (state monopolist for electricity production in Azerbaijan) expects the maintenance of stable electricity and gas tariffs in the short term, according to the…