The official exchange rate as of April 1 is 1.7 AZN/1 USD. The average price of a barrel of oil in the state budget of ...

BAKU, Azerbaijan, April 1. The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian port of Augusta on ...

Azerbaijan possesses significant renewable energy potential, particularly in offshore wind and solar, but the government's ...

British company bp is planning to explore new oil fields in the Azerbaijani sector of the Caspian Sea, Azernews reports, citing bp's Head of Exploration and Production, Gordon Birrell, as he said ...

The state-owned Azerbaijani company was selected, along with oil giant British Petroleum (BP) and Israeli company NewMed Energy, in an Israeli governmental tender in October 2023 to explore gas in ...

State Oil Company (SOCAR) is set to increase its involvement in Israel's energy industry. Sources have informed Globes that ...

Azerbaijani agricultural products continue to strengthen their position in global markets. As is known, the poultry sector in ...

In recent years, Azerbaijan's transport sector has undergone significant revitalization, emerging as a key pillar of the ...

JERUSALEM, March 17 (Xinhua) -- The State Oil Company of the Azerbaijan Republic (SOCAR) on Monday received official approval to explore natural gas in Israeli waters in the Mediterranean Sea, the ...