Hungary receives first cargo under Azerbaijan oil import deal
Hungary’s largest oil operator MOL Group has taken delivery of a crude cargo from Azerbaijan, the first shipment following an ...
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Tag: Azerbaijani oil
Price of Azerbaijani oil in global market down
The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $0.45, or 0.66%, to $67.17 per ...
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Azerbaijan reduced oil imports from Turkmenistan and significantly increased its purchases from Russia
In January-November 2024, Azerbaijan imported 1.724 million tons of crude oil worth $948.86 million, the monthly bulletin "Foreign Trade Relations ...
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Equinor to receive $745 million from sale of Azerbaijan assets
Equinor has closed transactions exiting the upstream businesses in Azerbaijan and Nigeria, with a total estimated consideration of up to ...
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S&P Predicts Stable Oil Production Volumes in Azerbaijan Until 2027
Oil production in Azerbaijan (including gas condensate) will average 580,000 barrels per day until 2027, the international rating agency S&P ...
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ONGC Videsh finalizes acquisition of Equinor’s stakes in ACG
India’s state-owned ONGC Videsh Limited (OVL) has completed the acquisition of a 0.615% stake in Azerbaijan's flagship oil project, the ...
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Gas condensate production volumes are growing in Azerbaijan
In January-June of this year, 2 million 726.68 thousand tons of gas condensate were produced in Azerbaijan, by 7.4% more ...
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Oil and gas production of the SOCAR decreased in the first quarter
According to the results of the first quarter of this year, the State Oil Company of Azerbaijan (SOCAR) produced 1.9 ...
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bp managed to slightly reduce the rate of oil decline in the ACG block
According to the results of the first quarter of 2024, oil production volumes at the Azeri-Chirag-Guneshli offshore block (ACG) decreased ...
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In January, Azerbaijan’s profit from the ACG project decreased by 38%
In January 2024, revenues to the State Oil Fund of Azerbaijan (SOFAZ) from the sale of profitable oil from the ...
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Condensate production increased in Azerbaijan in 2023
Condensate accounted for 17.3% of the total oil production in the country, the remaining 82.7% or 24 million 892.89 thousand ...
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