France's Total and Azerbaijan's state oil company Socar have signed an agreement establishing the contractual and commercial terms for a...

Azerbaijan has never considered the Southern Gas Corridor project as a kind of alternative or kind of competitor to any...

All the accumulation of money from oil sales of Azerbaijan and also spending are transparent and internationally audited, said Azerbaijan’s...

The Azerbaijan-Georgia-Romania Interconnector (AGRI) project is not dead, but its implementation needs time, Suleyman Gasimov, vice-president for economic issues at...

About 7.91 billion manats were invested in Azerbaijan’s oil and gas sector in January-October 2016 compared to 5.91 billion manats...

Switzerland has once again topped the table as the world’s most innovative economy, in the latest World Economic Forum Global...

Total production at the Azeri-Chirag-Deepwater Gunashli (ACG) was on average 644,000 barrels per day (b/d) (over 176 million barrels or...

Azerbaijan’s state oil company SOCAR will additionally produce over 5,470 tons of oil per year as it has put into...

SOCAR Trading of Azerbaijan’s State Oil Company will supply oil products to Burkina Faso as it has agreed with that...

Azerbaijan is more than important in ensuring energy efficiency, Erik Somelar, Councellor for Energy at the Delegation of the European...

Azerbaijan plans to increase the share of alternative and renewable energy sources in the country’s energy balance from the current...

Azerbaijan’s state oil company SOCAR will additionally produce 102.2 million cubic meters of gas and 29,200 tons of condensate per...

In January-October 2016, the State Oil Fund of Azerbaijan Republic (SOFAZ) has received 64 million USD from the sale of...

The State Oil Fund of Azerbaijan (SOFAZ) announced that from 2001 to November 1, 2016, 121,30 bln USD entered to...

Azerbaijan and the Asian Development Bank (ADB) have discussed cooperation prospects as Executive Director of the State Oil Fund of...