Qatar Energy signs oil supply agreement with Shell

Qatar Energy has signed a long-term oil supply agreement with Shell.

Forecast on oil & gas production in Azerbaijan until 2029 from The Economist

The daily production of oil and natural liquefied gas (Crude Oil & GL Production) in Azerbaijan this year will amount to 662,000 barrels.

Turkmenistan proposes to expand energy supplies across the CIS and beyond

Turkmenistan supports expansion of volume and geography of energy supplies across the territory of the Commonwealth of Independent States (CIS) and beyond, ABC.AZ reports, quoting Turkmen President Serdar Berdimuhamedov.

Some gas stations closed in Azerbaijan – Addresses

Several more MS Oil gas stations owned by MSDIS Holding have closed.

Cost of Azerbaijani oil has declined

Azerbaijani oil has fallen in price at the world market.

Oil is up in price at world stock exchanges

Oil has grown in price at world exchanges.

Chevron sells its stake in this project

The management of U.S. oil & gas giant Chevron has announced an agreement with Canadian Natural Resources Limited about sale of a 20% stake in project Athabasca Oil Sands and a 70% stake in DuVernay shale.

French company may launch uranium project in Mongolia in 2030

France's Orano stated that company's long-delayed uranium production project in Mongolia could begin its nuclear fuel production activities by 2030.

UAE wants to increase investments in renewable energy sources in Kazakhstan

The UAE actively cooperates with 48 countries in the field of renewable energy development, including Kazakhstan

Ukraine and Slovakia agree to create energy hub

Iraq cuts oil exports by 3% for September

Iraq exported an average of 3.31 million b/d of oil in September.

Oil price goes down, Brent - $79.75 per barrel

Prices for oil of benchmark grades are declining in Tuesday’s trading after a steady rise following the previous session.

ACG revenues decreased by 12%

Over Jan-Sept 2024, the revenues of the State Oil Fund of Azerbaijan (SOCAZ) from ACG amounted to $4.603 billion.

EU states increased gas imports from Azerbaijan by 5.5% in 7 months

The countries of the European Union (EU) - Italy, Greece and Bulgaria - increased gas imports from Azerbaijan by 5.5% for Jan-Jul 2024 compared with the 2023 same term - to 297,765 terajoules (TJ).

Equipment for Akkuyu NPP transferred to Russia-friendly countries instead of Siemens

All the necessary components for Akkuyu NPP were promptly found and delivered from Russia-friendly countries instead of the disrupted supply from Siemens, ABC.AZ reports, quoting Deputy PM Alexander Novak.

Oil price goes up, Brent - $77.70 per barrel

Prices for oil of benchmark grades are declining in Monday’s trading after a 9% rise in the last week.

Caspian Pipeline Consortium plans to transfer 65 million tons of oil in 2024 

IEA predicts that by 2030, production of ‘low-carbon’ hydrogen could reach 49 million tons a year 

Russia has increased oil supplies to Uzbekistan

UAE to invest $23 bn in hydrogen and ammonia production for 5 years

Azerbaijan plans to organize pyrolysis oil production

Azerbaijan plans to implement a project to organize the production of pyrolysis oil. The cost of the project is 97 million euros.