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Category: Azerbaijan

SOCAR: Azerbaijan Supplied 13.4 Bcm of Gas to Foreign Markets in 2020

By the end of 2020, Azerbaijan exported 13.396 billion cubic meters (bcm) of gas. The State Oil Company of Azerbaijan reports this on its website…

Export of Azerbaijani Electricity to Georgia Decreased by 34%

Georgia reduced electricity imports from Azerbaijan by 34.1% in 2020, the Commercial Operator of the Georgian Electricity System JSC (ESCO) said Electricity production in Georgia…

Eight Tankers with Azerbaijani Oil Sent from Ceyhan This Year

Botas International Limited (BIL), the operator of the Baku-Tbilisi-Ceyhan (BTC) pipeline in Turkey, has transported 6.198 million barrels of Azerbaijani crude oil from the Ceyhan…

Azerbaijan to Prepare Draft Fuel, Energy Balance until 2025

Azerbaijan will prepare a draft fuel and energy balance of the country for 2022 and the next three years This is stated in the relevant…

How Much Oil Planned to Be Produced in Largest Onshore Block of Azerbaijan?

In 2021, the production of 1.62 million barrels of oil is forecasted from the Balakhani block This is stated in the conclusion of the Accounts…

Energy Minister Names Daily TAP Gas Export Volumes

By the end of 2020, the export of Azerbaijani gas increased by 16.9%, amounting to 13.8 billion cubic meters Energy Minister Parviz Shahbazov said this…

Azerbaijan to Keep Oil Production Quota within OPEC + at January level for February-March

Azerbaijan’s obligations under the OPEC + deal on oil production in February-March will remain at the January level According to the Azerbaijani Energy Ministry, at…

Azerbaijani, Saudi companies ink energy deal

Today, an agreement was signed between the Ministry of Energy, Azerenergy OJSC, and ACWA Power of Saudi Arabia Report informs, the documents were signed by Energy…

Over 54% of Azerbaijan’s State Budget Revenues Expected from Oil Sector in 2021

Revenues of the state budget of Azerbaijan for 2021 are projected at 25 billion 427 million manats (an increase of 5.4% compared to the forecast…

Azerbaijan Lays Oil Price in Budget for 2021 at $ 40 per Barrel

The Azerbaijani government has revised the forecast oil price in the state budget for 2021 and increased it to $ 40 per barrel “The draft…

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