Oil price goes up, and Brent is at $82.27 a barrel

Oil continues to fall in price, and Brent is at $83.22 a barrel

Prices for oil of benchmark grades continue falling in Tuesday’s trading after a decline in the previous session.

Oil price goes up, Brent - $84.28 per barrel

Prices for oil of benchmark grades are rising in Monday’s trading after a rise following the last week.

Cost of oil goes up, and Brent is at $83.58 a barrel

Prices for oil of benchmark grades are rising in Friday’s trading and end the week with an increase.

Oil price keeps on rising, and Brent is at $83.19 a barrel

Prices for oil of benchmark grades are increasing in Thursday’s trading after growth following the session the day before.

Growth reported on revenues from sale of gasoline and diesel fuel for 2024

Over Jan-Apr 2024, the fuel consumers in Azerbaijan purchased gasoline and diesel for a total amount of 988.4 million manats.

Azerbaijan unveils data on electricity generated for Jan-Apr

According to operational data for Jan-Apr of this year, electricity production totaled 9.248 bn kWh, while exports reached 407 million kWh and imports - 62.2 million kWh.

Baku and Ankara agree on Turkmen gas supply to Türkiye

As part of the agreement signed today between Baku and Ankara in the field of natural gas, an agreement was reached on the supply of Turkmen gas to Türkiye through Azerbaijan and Georgia.

Oil price recovers after fall, and Brent is at $82.91 a barrel

Prices for oil of benchmark grades are increasing in Wednesday’s trading after a sharp decline in the previous session.

Igdyr-Nakhchivan gas pipeline to be put into operation this year

Igdyr-Nakhchivan gas pipeline is to be launched as soon as possible.

Azerbaijan and Uzbekistan discuss promising cooperation opportunities

Azerbaijan and Uzbekistan held discussions on cooperation in the renewable energy sector.

Azerbaijan’s gas export reaches 8.5 bcm

According to operational data, the production of oil condensate amounted to 9.6 million tons and the volume of exports - 7.9 million tons for Jan-Apr 2024.

Oil price goes up, and Brent is at $83.48 a barrel

Prices for oil of benchmark grades are slightly increasing in Tuesday's trading.

Cost of oil goes down, and Brent is at $84.42 a barrel

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

Green technology online platform to be established in Azerbaijan

A green technology online platform will be created in Azerbaijan, according to World Bank Group’s Business Ready report.

A lot of money spent on Shah Deniz field

In the first quarter of 2024, about $719 million in operating expenses and about $201 million in capital expenditures were spent on Shah Deniz gas condensate field located in the Azerbaijani sector of the Caspian Sea.

Oil production from ACG for Q1 drops to 339,000 b/d

Over Jan-Mar 2024, an average of 339,000 b/d of oil were produced from Azeri-Chirag-Guneshli field block.

Oil continues growing in price, and Brent is at $84.42 a barrel

Prices for oil of benchmark grades are increasing in Friday’s trading and end the week with a rise.

Bulgarian company to invest in recycling of engine and industrial oil in Azerbaijan

The Economic Zones Development Agency (under the Azerbaijani Ministry of Economy) has issued a resident certificate of the Sumgayit Chemical Industrial Park to Caspian Lubricants Recycling Company (Bulgaria) at the Azerbaijan-Bulgaria business forum in Baku.

SOCAR eyes extending business in Bulgaria

The State Oil Company of Azerbaijan (SOCAR) plans to expand its business in Bulgaria and is working on the development of the domestic gas distribution network in this country.

SOCAR’s drilling operations for Q1 of 2024

In the 1st quarter of 2024, the State Oil Company of Azerbaijan (SOCAR) carried out a total of 17,644 meters of drilling operations.