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Category: Azerbaijan

President Aliyev: We are ready for continued diversification of energy supplies

“Southern gas corridor was inaugurated only something more than two years ago, but already today we talk about the expansion of TANAP from 16 to…

EU countries asked the EC to ensure the supply of Azerbaijani gas

Hungary, Romania, Bulgaria, and Slovakia asked the European Commission to provide funds for the development of infrastructure for the supply of Azerbaijani gas to Europe, Hungarian Foreign Minister…

Work started for an ACG deep gas appraisal well

Operational activities have started in preparation for spudding a new appraisal well on the Azeri-Chirag-Gunashli structure. The well is for acquiring data about the deep-lying…

In 2022, the Oil Fund received $11.6 billion from the sale of Azerbaijani oil and gas

The assets of the State Oil Fund of the Republic of Azerbaijan (SOFAR) in 2022 increased by 8.9% – up to $49 billion 33.6 million…

Azerbaijan increased gas supplies to Italy by 1.5 times in January-November

The export of gas volumes declared at the customs from Azerbaijan in January-November 2022 amounted to 18 647,6 mcm, which is 2.1% higher than the…

In 2022 Azerbaijan commercial gas increased by 2.3 bcm

Oil production with gas condensate in Azerbaijan in 2022 amounted to 32 million 667.7 thousand tons, which is 5.5% lower than in 2021. According to…

GL announces a tender

To the attention of those wishing to participate in tenders of GL LTD LLC and affiliated companies

Australian company has ambitious plans to develop alternative energy in Azerbaijan

Yesterday, President of Azerbaijan Ilham Aliyev met with the head of the Australian company “Fortescue Future Industries”Andrew Forest in Davos. It was noted at the meeting that…

Parviz Shahbazov: Masdar is reliable and important partner for Azerbaijan

The Masdar company of the United Arab Emirates is an important and reliable partner for Azerbaijan, Energy Minister Parviz Shahbazov said during his meeting with…

Minister Shahbazov says electricity production in Azerbaijan up 4%

According to operational data, the production of electricity in Azerbaijan increased by 4% and amounted to 28,988.5 million kWh in 2022, the Minister of Energy…

Azerbaijani oil price continues to rise

The price of a barrel of Azerbaijan’s Azeri LT CIF oil in the world market has increased by $0.2 or 0.24% to $84.83 per barrel, Report informs. Yesterday, the Brent crude futures traded…

Aliyev: Either amateurs or provocateurs can say that we buy and resell Russian gas

Either amateurs or provocateurs can say that we buy and resell Russian gas, President of the Republic of Azerbaijan Ilham Aliyev said during an interview…

SOFAZ denies acquiring share in Latvian gas trader

Azerbaijan’s State Oil Fund (SOFAZ) doesn’t plan direct investments in the shares of any company, the Fund said in response to Trend’s question about the possibility…

Azerbaijan sold its gas at an average price of $794 per 1,000 cubic meters

The export of Azerbaijani gas volumes declared at the customs in January-November 2022 amounted to 18 billion 647 million 569 thousand cubic meters, by 2.1% higher than over 11…

Romania to buy up to 300 mcm of natural gas from Azerbaijan in 2023

Romanian “Romgaz” will buy up to 300 mcm of Azerbaijani gas from SOCAR in the first quarter of 2023. On December 16, 2022, SOCAR signed…

TAP adjusted volumes of Azerbaijani gas supplies to Italy for the current year

Luca Schippati, Managing Director of the TAP AG pipeline company, announced plans to increase the supply of Azerbaijani gas to Italy to 10 bcm in…

Next year, oil production at ACG will decrease by 23.5 million barrels

The average annual oil production at the Azeri-Chirag-Guneshli (ACG) block of fields in 2023-2026 is projected at about 124.4 million barrels, the conclusion of the Accounts…

GL achieved an 8% increase in production at the Kursangi and Karabakhli fields

Caspian Barrel INTERVIEW with Ramil Askerov, General Director of Salyan Oil Ltd, dedicated to the 23rd anniversary of the operating company The first private energy…

Foreigners in Azerbaijan made transactions with bank cards worth $1 billion

Foreign citizens who visited Azerbaijan in January-October 2022 carried out transactions through bank cards in the amount of 1 billion 819.1 million manats ($1.07 billion)….

Aliyev: more than 10 European countries have applied to Azerbaijan with a request for gas supplies

After the start of the war between Russia and Ukraine, we received applications from more than 10 European countries with a request to either increase…

Azerbaijani oil price settles above $91

The price of a barrel of Azerbaijan’s Azeri LT CIF oil in the world market increased by $5.9, or 6.93%, to $91.09 per barrel, Report informs. The…

Azerbaijan has already sold over 18 bcm of gas to European markets

Since December 31, 2020, the volume of Azerbaijani gas exported to Europe via the Trans-Adriatic Gas Pipeline (TAP) has exceeded 18 bcm,  the pipeline company…

Azerbaijan sells gas on foreign markets for almost $800 on average

In January-October 2022,  the export of Azerbaijani gas volumes declared at the customs amounted to 18 billion 379 million 849.22 thousand cubic meters, by 23.1% higher than the figure…

Aliyev: Azerbaijan is ready to invest in gasification of Albania

Azerbaijan is ready to invest in the gas industry of Albania, in particular, in gasification, Azerbaijani President Ilham Aliyev said. “Today (November 15) we have…

Electricity production in Azerbaijan increases by 3.8%

From January through October 2022, electricity production in Azerbaijan increased by 3.8% compared to the same period last year, Azerbaijani Energy Minister Parviz Shahbazov tweeted, Report informs. According to…

Azerbaijan supplied Europe with 32.25 mcm of gas daily in October

Azerbaijan increased gas exports by 17.4% to 18.2 bcm in January-October 2022, a public statement of the Ministry of Energy of Azerbaijan According to the…

Modernization of a large thermal power plant will save 800 mcm meteras per year

The creation of new generating capacities on the territory of the Azerbaijan Thermal Power Plant (TPP) will save up to 800 mcm of gas per year,…

25th anniversary of First Oil from Chirag

Today we are celebrating the 25th anniversary of the first production from the Chirag platform. 25 years ago, on 7 November 1997, first oil from…

Government separates “Shah Deniz” tax payments from other PSA contracts

The government of Azerbaijan predicts revenues in 2023 to the state budget in the form of income tax on profits from oil and gas companies…

Azerbaijan increased production of associated gas

In January-September 2022, associated gas production in Azerbaijan amounted to 11 billion 534.63 mcm,  by 5.7% higher than  over  nine months of 2021 Of the…

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