Oil price goes up, Brent - $72.92 a barrel

Prices for oil of benchmark grades are rising in Thursday's trading.

Global gas demand to grow by at least 10-12%

Over the next 20 years, global gas demand will grow by 10-12% up to 4.5-4.6 trillion cu m.

Crude oil production in Azerbaijan fell more than by 4%

Over Jan-Jul 2024, crude oil production in Azerbaijan totaled 16.95 million tons.

Oil price goes down, Brent - $73.45 a barrel

Prices for oil of benchmark grades kept on declining in Wednesday’s trading after a drop following the previous session.

Oil price down, and Brent - $76.36 a barrel

Prices for oil of benchmark grades are falling in Monday’s trading.

Azerbaijan to hold its first renewable energy auction

A familiarization visit to the area that will be put up for Azerbaijan's first renewable energy auction is planned for September 2024.

Iranian NISOC fulfills 65% of its plan to increase oil production

The National Iranian South Oil Company (NISOC) has managed to fulfill 65% of its target for increasing and maintaining oil production at oil fields.

Egypt intends to accelerate construction of El Dabaa nuke plant

Oil prices continue to soar as Brent crude reaches $80.21 per barrel

Prices of benchmark oil grades continued their upward climb in Friday's trading sessions.

TotalEnergies launches wind turbine for Culzean offshore platform in North Sea

TotalEnergies has launched a pilot project for an offshore wind turbine to supply electricity to the Culzean offshore platform in the British sector of the North Sea.

Ukraine ready to transport Azerbaijani and Kazakh gas to Europe

Saudi Arabia to install solar panels on government buildings in Kyrgyzstan

Saudi Arabia has pledged to install solar panels on the roofs of government buildings in Kyrgyzstan.

Brent crude nears $79 mark as oil market recovers

Oil prices of benchmark grades are rising in trading on Thursday after declining for the previous two sessions.

SOCAR and Uniper SE consider strengthening strategic partnership

The State Oil Company of Azerbaijan (SOCAR) and the Uniper SE, German multinational energy company, are exploring opportunities to enhance their strategic partnership across various energy-related topics.

Ukraine refuses to extend Russian gas transit agreement beyond 2024

Oil prices slide as Brent dips below $80 per barrel

Prices for benchmark crude oil grades are falling in Wednesday trading following a decline the previous day.

SOCAR and Tatneft explore joint venture for lubricant production

The State Oil Company of Azerbaijan (SOCAR) and Russia's PJSC Tatneft are discussing the possibility of establishing a joint venture for the production of lubricants.

Oil prices dip as Brent crude hovers at $81.33 per barrel

Prices of benchmark oil grades are declining in trading on Tuesday after a jump of more than 3% in the previous session.

BTC pipeline achieves record-breaking oil transportation in July

The Baku-Tbilisi-Ceyhan (BTC) pipeline transported a record-breaking 2.7 million tons of oil in July 2024, surpassing its usual monthly average of 2.5 million tons

Azerbaijan imports $2.6M worth of electricity from Georgia in 2023

Pakistan and Russia explore long-term LNG supply deal

Pakistan has expressed satisfaction with the ongoing energy discussions with Russia, as the two countries explore the possibility of a long-term agreement for the supply of liquefied natural gas (LNG).