BAKU, June 4 Azeri state energy company SOCAR
said on Tuesday its net profit fell to 1.2 billion manats ($706
million) in 2018 from 2.1 billion manats a year earlier, while
operating profit rose to 3.6 billion manats from 2.5 billion.
BAKU Azerbaijan's state energy company SOCAR plans to list its Turkish subsidiary on the London, Hong Kong and Istanbul stock exchanges in 2021, a SOCAR official said.
BAKU, May 23 Azerbaijan's only oil refinery
plans to import 110,000 tonnes of A-92 petrol in October while
it halts production for a month for routine maintenance, state
energy company SOCAR's vice president told Reuters on Thursday.
BAKU Oil major BP and Azerbaijan's state energy company SOCAR signed an agreement on Friday to build a new exploration platform for the South Caucasus nation's three major oilfields, BP-Azerbaijan said in a statement.
* Fitch sees oil prices falling in 2020 to $62.5 from $65 in
BAKU Venezuela has suspended its oil exports to India and views Russia and China as its main export destinations, the Azeri energy ministry said on Tuesday, citing Venezuela's oil minister.
BAKU, March 19 Venezuela has suspended its oil
exports to India and views Russia and China as its main export
destinations, the Azeri energy ministry said on Tuesday, citing
Venezuela's oil minister.
BAKU Oil producer group OPEC on Monday scrapped its planned meeting in April and will decide instead whether to extend output cuts in June, once the market has assessed the impact of U.S. sanctions on Iran and the crisis in Venezuela. | Video
BAKU Saudi Arabia said on Sunday OPEC's job in rebalancing the oil market was far from done as global inventories were still rising despite harsh U.S. sanctions on Iran and Venezuela, signalling it may need to expand output cuts into the second half of 2019.
BAKU The investments needed to ensure stability in the global oil industry are returning after a downturn, but the pace is still slow, OPEC Secretary General Mohammed Barkindo said.