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Category: Azerbaijan

Azerbaijani gas takes second place in Italian market

The Trans-Adriatic Pipeline (TAP) becomes Italy’s second gas supplier. This was stated by the Executive Director of TAP AG Luca Schieppati on September 28 at…

Cavusoglu: Turkiye expected to take initiative on exports of Azerbaijani gas to world markets

Everyone expects Turkiye to take the initiative in exporting Azerbaijani gas to the world markets, Turkish Foreign Minister Mevlut Cavusoglu said, Report informs. According to him, 60% of conflicts…

Azerbaijani oil price up nearly 2%

The price of a barrel of Azerbaijan’s Azeri LT CIF oil in the world market has increased by $1.76 or 1.95% to $91.93 per barrel, Report informs….

In 2022, Azerbaijan will increase gas exports to Europe by 40%

In 2022, Azerbaijan will increase gas supplies to Europe by 40% compared to 2021 – up to 11.5 bcm, Minister of Energy Parviz Shahbazov  said…

Bulgaria announces an agreement with Azerbaijan on the exchange of electricity for gas

Bulgarian Minister of Economy and Industry Nikola Stoyanov announced an agreement between Baku and Sofia on the exchange of electricity from Bulgaria for gas from…

Azerbaijan to supply about 10 bcm of gas to Italy in 2022

Azerbaijan plans to export about 10 bcm of gas to Italy in 2022, Azerbaijani President Ilham Aliyev said. “This year we plan to increase the…

In January-August 2022 net profit of Azerbaijan from “Shah Deniz” totaled about $1.15 bn

In January-August 2022, revenues to the State Oil Fund of Azerbaijan (SOFAZ) from the implementation of the “Shah Deniz” gas project amounted to $1 148…

Azerbaijan supplied 7.3 bcm of gas to European markets this year

Gas exports from Azerbaijan to Europe in January-August 2022 amounted to 7.3 billion cubic meters, Energy Minister Parviz Shahbazov said. Including the supply of Azerbaijani…

Ilham Shaban: SOCAR preparing to apply experience gained in foreign markets in local market

The State Oil Company of Azerbaijan (SOCAR) is preparing to apply the experience gained in foreign markets in the management of enterprises in the local…

Liberated Lachin city, Zabukh, Sus villages provided with electricity

Azerenergy OJSC, the largest electrical power producer in Azerbaijan, has provided electricity to Lachin city, Zabukh and Sus villages, which came under the control of…

SOCAR President meets with Deputy Energy Minister of Uzbekistan

Today, the President of the State Oil Company of Azerbaijan (SOCAR), Rovshan Najaf, met with the delegation led by the First Deputy Minister of Energy…

Azerbaijan, Uzbekistan Road Map on energy field

Azerbaijan and Uzbekistan signed a road map on the energy field, Energy Minister Parviz Shahbazov wrote on Twitter, Report informs. “Today, we signed the Road Map on…

Bulgaria will start negotiations on increasing the volume of gas supplies from Azerbaijan

According to Bulgarian Energy Minister Rosen Hristov, this week, Bulgaria will start negotiations on increasing the volume of natural gas supplies from Azerbaijan,  Bulgarian media…

Automobile fuel consumption grows in Azerbaijan

In January-July 2022, fuel consumers in Azerbaijan purchased motor gasoline and diesel fuel for a total of 1 billion 526.7 million manats ($898.1 million at…

International Company is looking for a Production System Geonit manager

Position: Production System Geonit manager for Azerbaijan, Kazakstand and Turkmenistan    Minimum 5 years related field experience.  At least  5-8 years in equivalent  or level down…

Azerbaijan has earned over $1 billion from the “Shah Deniz” project in seven months

The State Oil Fund of Azerbaijan (SOFAZ) reported that in January-July this year, the profit received by the state within the framework of the “Shah…

Oil production at Azeri-Chirag-Guneshli decreased by 1 mln tons in six months

Oil production at the Azeri-Chirag-Guneshli (ACG) offshore field block in the first half of 2022 amounted to 76.74 million barrels ( a little more than…

Azerbaijani oil price falls to $97

The price of a barrel of Azerbaijan’s Azeri LT CIF oil in the world market has decreased by $5.58 or 5.5% to $96.61 per barrel, Report informs….

Azerbaijan reduced condensate production by 5.9% in the first half of the year

The production of gas condensate in Azerbaijan in the first half of 2022 amounted to 2 million 536.2 thousand tons, by 5.9% lower than the…

EBRD invests US$ 21.4 mln in pioneering solar plant in Azerbaijan

US$ 114.2 million loan package for Masdar’s Garadagh Solar Project in Azerbaijan EBRD to provide US$ 21.4 million, remaining US$ 92.8 million by ADB, JICA…

Azerbaijan set two records for gas exports to Europe in July

Caspian gas supplies to Europe set a new record. The “Southern Gas Corridor” from Azerbaijan is operating at overdesign capacity. On July 26, the Trans…

EU expects increase in gas supplies from Azerbaijan this year

The EU expects an increase in gas supplies from Azerbaijan this year, stated the EU Commissioner for Energy Kadri Simson on July 26 at a press…

Azerbaijan’s commission on renewables holds its first session

The first meeting of the commission on the use of renewable energy sources was held in an updated composition, established by the decree of the…

Azerbaijan reduced oil production by 4.1% in the first half of the year, gas production increased by 15%

In January-June 2022, oil production with gas condensate in Azerbaijan amounted to 16 million 474.2 thousand tons, which is by 4.1% lower than the same period last…

SOCAR discusses expansion of TANAP and TAP with EU

Rovshan Najaf, the first vice-president of the State Oil Company of Azerbaijan (SOCAR), acting president, met with the European Energy Commissioner Kadri Simson. Rovshan Najaf noted…

EU and Azerbaijan draft deal on extra gas supplies

EU energy commissioner Kadri Simson is travelling to Baku later this month The EU is preparing to sign a no-strings-attached gas-import deal with Azerbaijan to…

Azeri Light oil price slightly up

The price of a barrel of Azerbaijan’s Azeri LT CIF oil in the world market has increased by $0.27 or 0.24% to $114.18 per barrel, Report informs….

Europe’s expenses for the purchase of Azerbaijani gas

The expenses of the EU countries (EU) for the purchase of gas from Azerbaijan, supplied via the Trans-Adriatic gas pipeline (TAP), in the first quarter…

Azerbaijan will increase gas supplies to Bulgaria several times with the introduction of the IGB

Azerbaijan’s Energy Minister Parviz Shahbazov attended the opening ceremony of the Interconnector Greece-Bulgaria of strategic importance in Komotini on July 8. I attended the opening…

“Azpetrol” increases the number of filling stations in Azerbaijan to 92

The Azerbaijani private company Azpetrol Ltd has put into operation a gas station in the Khatai district of Baku after reconstruction. “Azpetrol, taking into account the increase…

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