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…
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…
Azerbaijani oil price nears $125
The price of a barrel of Azerbaijan’s Azeri LT CIF oil in the world market has increased by $2.5 or 2.05% to $124.68 per barrel, Report informs….
Southern Gas Corridor’s importance for Europe’s supply security is more than ever before
The importance of the Southern Gas Corridor for the security of supply for Europe is more than ever before, Romanian Minister of Energy Virgil-Daniel Popescu,…