SOCAR to attract additional credit for gas supply

Economic Department
Author

Baku. 2 June. REPORT.AZ/ The funds of 472 million AZN attracted from the Central Bank of Azerbaijan has been used regarding implementation of measures for gas supply in Azerbaijan.

Report informs, Suleyman Gasimov, Vice President for Economic Issues of the State Oil Company of Azerbaijan Republic (SOCAR) said.

S.Gasimov added that due to the devaluation of national currency, appeal has been made to the Cabinet of Ministers in regard with additional credit of 198 million AZN: 'This funds will be attracted either from the Central Bank of Azerbaijan or from International Bank of Azerbaijan'. 

Other News

Georgia's imports of oil and petroleum products from Azerbaijan skyrocket 19 March, 2026 / 17:40
Khudatyan: Yerevan, Ankara to evaluate investments in energy grid unification 19 March, 2026 / 17:06
Brent crude price exceeds $116 19 March, 2026 / 13:04
Gas prices in Europe exceed $850 19 March, 2026 / 11:54
Price of Azeri Light crude oil approaches $118 per barrel 19 March, 2026 / 10:10
Azerbaijan discusses renewable energy projects with Chinese company 18 March, 2026 / 19:26
Azerbaijan's fuel production declines in early 2026 18 March, 2026 / 18:29
Urea production in Azerbaijan drops sharply in early 2026 18 March, 2026 / 18:07
Oil transport via BTC pipeline declines in early 2026 18 March, 2026 / 17:50
Commercial gas production in Azerbaijan increases by 3% 18 March, 2026 / 17:39
Transportation via Baku-Tbilisi-Erzurum pipeline increased by nearly 8% 18 March, 2026 / 17:05
Saudi Aramco restarted Ras Tanura oil refinery on March 13, IIR says 18 March, 2026 / 16:56
Oil prices fall 18 March, 2026 / 11:18
Azeri Light crude price dips in global markets 18 March, 2026 / 09:57
Kazakhstan and EU strengthen energy partnership 17 March, 2026 / 18:59
Top 10 buyers of Azerbaijani oil 17 March, 2026 / 18:54
Transportation of Kazakhstani oil via Azerbaijan reaches 4 million tons 17 March, 2026 / 18:27
Iraq in talks with Iran on tanker passage through Strait of Hormuz 17 March, 2026 / 15:21
Chinese firms resume purchases of Russian oil after four-month pause 17 March, 2026 / 14:51
Azerbaijan sees increase in revenue from oil product exports by 52% 17 March, 2026 / 14:41