Data unveiled on finances spent on ACG for Jan-Jun 2024

In the first 6 months of 2024, about $243 million in operating expenses and more than $698 million in capital expenditures were spent on filed block Azeri-Chirag-Guneshli (ACG).

Since early 2024, over 6.5 bcm transported by TAP

Since the beginning of 2024, over 6.53 bcm of gas have been transported to Europe via the Trans-Adriatic Gas Pipeline (TAP).

Kazakhstan plans to increase gas production

The Ministry of Energy of Kazakhstan has announced plans to significantly increase gas production in the country.

Oil price goes up, Brent - $81.48 a barrel

Prices for oil of benchmark grades are increasing in Thursday’s trading after a jump in the last session amid rising tensions in the Middle East.

How will increase in fuel prices affect inflation?

The direct and indirect additional impact of the increase in regulated prices on the inflation forecast is expected to be 1.5 percentage points, of which 1 p.p. is projected in 2024.

Oil price goes up, and Brent - $79.93 a barrel

Prices for oil of benchmark grades are increasing in Wednesday’s trading after decline at the end of the last session.

STAR refinery reduced production of diesel fuel

In May 2024, Türkiye-based SOCAR refinery STAR produced 444,122 tons of diesel fuel. And in May 2023, this figure was 590,643 tons, ABC.AZ reports, referring to the Turkish Energy Markets Regulatory Authority (EPDK).

SOCAR signs Memo of Understanding with Italian company

The State Oil Company of Azerbaijan (SOCAR) has signed the Memorandum of Understanding for Cooperation in Energy Projects and Energy Transition Initiatives with Italian company Eni S.p.A.

A pilot solar power plant on Lake Boyukshor commissioned

Oil price keep on falling, Brent - $79.45 per barrel

Prices for oil of benchmark grades are falling at auction on Tuesday after a sharp decline in the last session.

Azerbaijan is the largest gas exporter to Türkiye

Over Jan-May 2024, Azerbaijan exported 4.683 bcm of gas to Türkiye.

Oil price goes up, and Brent - $81.54 per barrel

Prices for oil of benchmark grades are increasing in Monday’s trading after a drop at the end of last week.

Türkiye to purchase Turkmen gas through Azerbaijan and Iran

Azerbaijani gas supplies to Türkiye to be temporarily halted

Azerbaijani gas supplies to Türkiye in August will be suspended for several days because of technical maintenance on the export gas pipeline

Croatia increases purchases of crude oil from Azerbaijan by 90% – Report

Croatia’s purchases of Azerbaijani crude oil observed growth in the past half of 2024.

Oil price goes up, Brent - $82.49 per barrel

Prices for oil of benchmark grades are rising in Friday’s trading.

Deputy Minister: Share of renewable energy in Azerbaijan may exceed 30%

Azerbaijan is confidently advancing its green agenda, which may allow the country to achieve its goals of increasing the share of renewable sources in the overall energy balance ahead of schedule.

Azerbaijan to be a supplier of green energy to Serbia

Azerbaijan plans to sign an agreement on green energy supplies with Serbia soon.

SOCAR agrees with Serbia to expand natural gas supplies

The state oil companies of Azerbaijan (SOCAR) and Serbia (Serbia Gas) have agreed to expand and extend their cooperation in the field of natural gas supplies, building on the friendly relations between the two governments.

TotalEnergies reduced net profit by 7% for Q2

In the 2nd quarter of 2024, French oil & gas company TotalEnergies reduced its net profit by 7% year-on-year.

Oil price down after rising the day before, Brent - $81.02 per barrel

Prices for oil of benchmark grades are declining in Thursday’s trading after growth a day earlier.