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…
Azerbaijan doubled gas supplies to Italy in January-August
In January-August 2022, the export of gas volumes from Azerbaijan, declared at customs, amounted to 15 billion 53 million 987.9 thousand cubic meters, by 13.7%…
Azerbaijan considering participation of Egyptian companies in green energy projects in Karabakh
The possibility of participation of Egyptian companies in the restoration and reconstruction projects on energy infrastructure, as well as the provision of energy supply through…
Azerbaijan, Greece mull energy cooperation
Azerbaijan’s Minister of Economy Mikayil Jabbarov has met with Greek Minister of Environment and Energy Kostas Skretas, according to Report. “We discussed the promotion of the trade relations and…
Azerbaijan sold more than half of exported gas to Europe
According to the results of January-September 2022, the export volumes of Azerbaijani gas amounted to 16.3 bcm, the Ministry of Energy of Azerbaijan reported. During the reporting period,…
During nine months, Azerbaijan increased gas production by 2.7 bcm
The total gas production (including gas volumes injected into oil wells) of Azerbaijan in January-September 2022 amounted to 34.4 bcm, by 8.6% more (2.7 bcm)…
SOCAR to start drilling new oil wells at Naftalan field in 2023
The State Oil Company of Azerbaijan (SOCAR) plans to drill new oil wells in the Naftalan region, stated the vice-president of the company Khalik Mammadov…
Construction of the topsides of the new BP platform in the Caspian Sea is 95% completed
In the first half of 2023, BP plans to send the support block and topsides of a new production platform to the sea as part…
Azerbaijani president: Today, Azerbaijan’s energy resources are in greater demand in Europe
“Today, Azerbaijan’s energy resources are in greater demand in Europe. The importance of the projects we have implemented is even more evident today,” Azerbaijani President…
SOCAR reveals average cost of exported Azerbaijani oil
The average price of Azerbaijani oil on the terms of CIF contracts (the price includes loading a tanker, delivering oil to its destination, insurance of…
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…