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Tag: Ministry of Energy

Azerbaijan produced 794,000 barrels/day oil in March

Ministry of Energy has submitted reports on daily oil production in Azerbaijan during March 2018, to the Joint Technical Commission of Joint Monitoring Committee of OPEC, in…

Azerbaijan reduced oil production by 1% in February

Azerbaijan presented to the joint technical commission of the OPEC monitoring committee data on daily oil production in the country in February 2018. According to…

Baku tomorrow host 4th Southern Gas Corridor Advisory Council’s ministerial meeting

The fourth Ministerial Meeting of the Southern Gas Corridor (SGC) Advisory Council will take place in Baku on February 15.   Report was informed in the Ministry…

About 92% of revenues of Oil Fund depends on activities of ACG

According to the results of 2017, the State Oil Fund of the Republic of Azerbaijan (SOFAZ) received $ 6.41 billion from the sale of the…

Azerbaijan increased oil production to 814.6 kb/d in January

The daily volume of oil production in Azerbaijan in January 2018 amounted to 814.6 thousand barrels, the Ministry of Energy said. Of this volume, 759.7…

Azerbaijan fulfills its obligations to OPEC in December

In accordance with the agreement reached on reduction of oil production by member states of Organization of Petroleum Exporting Countries (OPEC) and non-OPEC countries in…

President of Azerbaijan instructs reforms in the energy sector

Azerbaijani President Ilham Aliyev ordered Dec. 22 to transfer a number of facilities of the State Agency for Alternative and Renewable Energy Sources to the…

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