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Moody’s Reaffirms SOCAR’s Baa3 Investment-Grade Credit Rating

... ng-term financial discipline, prudent financial policy and the measures implemented to support sustainable development. In its assessment, Moody’s highlighted SOCAR’s strategic role in Azerbaijan’s economy and energy sector, its integrated business model, sound financial performance and strong credit metrics as the key factors ...

SOCAR Reports Drilling, Production, Processing and Export Results for the Second Quarter of 2026

... Nationwide natural gas production increased by 1% compared to the second quarter of 2025, reaching 12.8 billion cubic metres⁴. Overall, more than 6.6 million tonnes⁵ of crude oil were produced in Azerbaijan during the second quarter of the year. During the reporting period, SOCAR exported more than 3.3 million tonnes⁶ of oil to internation ...

Azerbaijan Hosts Its First-Ever International Junior Golf Tournament - Caspian Junior Cup 2026

... Azerbaijan has marked a new milestone in the history of its national sports by hosting the Caspian Junior Cup 2026, the country's first-ever international junior golf tournament. The event took place at The National Azerbaijan Golf Club, bringing together some of the most talented young golfers from the national golf federations of Kazakhstan, ...

SOCAR Supervisory Board Holds Regular Meeting

... On 24 July 2026, the SOCAR Supervisory Board held its regular meeting. The meeting, chaired by Mikayil Jabbarov, Chairman of the Supervisory Board and Minister of Economy of the Republic of Azerbaijan, reviewed SOCAR’s performance based on the company’s audited financial statements for 2025. The meeting also included an exchange o ...

Seminar at BSU: "Artificial Intelligence and the Professions of the Future"

... The seminar "Artificial Intelligence and the Professions of the Future: How to Take the First Steps?" was jointly organized by BSU Volunteers and the Azerbaijan Institute of Artificial Intelligence. During the seminar, Emil Abdullayev, Director of the Azerbaijan Institute of Artificial Intelligence, delivered a comprehensive presentati ...

Qualifying Examination Held for the 19th International Olympiad on Astronomy and Astrophysics

... ion with the Tusi-Bohm Planetarium, hosted the qualifying examination for the 19th International Olympiad on Astronomy and Astrophysics (IOAA). The examination brought together the winners of the 6th Azerbaijan Astronomy Olympiad. Based on the examination results, the national team that will represent Azerbaijan at the 19th International Olympia ...

Yelo Bank officially removed from the sanctions list on July 23 by unanimous decision of EU members

... king" philosophy, Yelo Bank will continue to provide innovative and fast services to its customers, further expand its international cooperation, and contribute to the sustainable development of Azerbaijan's financial ecosystem. ...

Baku State University and the Hebrew University of Jerusalem (HUJI) Announce Admissions to a Dual Degree Program

... y Education, Chemistry, Chemistry Education, Chemical Engineering, Physics, Physics Education, or Ecology; Students admitted this year to a master's program at a higher education institution in Azerbaijan. Admission Requirements Applicants must meet the following requirements: A minimum Grade Point Average (GPA) of 80 (or equiva ...

Minister of Energy met with the President of PowerChina Resources Limited

... ster of Energy Parviz Shahbazov met with Yang Tianfu, President of PowerChina Resources Limited. During the meeting, satisfaction was expressed with the successfully developing cooperation between Azerbaijan and the PowerChina Group in the field of renewable energy. It was noted that the company has been actively involved in the implementation o ...

SOFAZ revenue and expenditure Statement for January - June 2026

... ats. Oil and gas revenues from sales of hydrocarbons amounted to 4.9 billion manats. SOFAZ transferred 6.4 billion manats to the state budget. The State Oil Fund of the Republic of Azerbaijan (SOFAZ) reports that its assets amounted to USD 73 542 million (125 021 million manats) at the beginning of 2026 and stood at USD 72 596 mi ...

SOCAR President Meets with Chairman of Wood Mackenzie

... On 22 July 2026, SOCAR President Rovshan Najaf met with Simon Flowers, Chairman and Chief Analyst of Wood Mackenzie. During the meeting, satisfaction was expressed with Azerbaijan’s steadily strengthening position as a reliable partner in global energy markets. The guests were provided with detailed information on SOCAR’s strategi ...

Bir Recognised Among World’s Top Fintechs By CNBC and Statista

... banking and payments ecosystem, announces that it has been recognised as one of the world’s top fintechs in the neobanking category by CNBC and Statista. Bir is the first and only business from Azerbaijan and the wider South Caucasus region to receive this accolade. The World’s Top Fintech Companies list, compiled by CNBC and Statist ...

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