Azerbaijan lags behind OPEC+ quota by 204,000 b/d for December

Oil production in Azerbaijan in December 2023 amounted to 480,000 b/d.

Lukoil Absheron Exploration Ltd liquidated

Azerbaijan directed 83.4% of produced oil for export last year

Azerbaijan produced 30.2 million tons of oil (together with condensate) for 2023.

Azerbaijan unveils data on gas exported to Europe last year

In 2023, Azerbaijan produced 48.3 bcm of natural gas.

Azerbaijan exported 23.8 bcm last year - Minister

Last year, Azerbaijan exported 23.8 bcm of gas (5.3% more yoy).

New power plants to be built and put into operation in Nakhchivan this year

Prices for oil rise after decline, and Brent is at $77.36 a barrel

Prices for oil of benchmark grades are increasing in Thursday’s after a drop a day earlier.

Construction of 2 solar power plants to start in Azerbaijan by end of 2024

Gasoline prices in Cuba to rise

In Cuba, gasoline prices will increase more than by 400% from February 1

U.S. raises oil production forecast on Azerbaijan

The Energy Information Administration of the U.S. Department of Energy (EIA) has increased the forecast on production of liquid hydrocarbons in Azerbaijan for 2024 by 10,000 b/d.

Oil price continues rising, and Brent is at $77.90 a barrel

Prices for oil of benchmark grades continued to rise in Wednesday’s trading after growth following the past session.

Oil price is stable after a drop the day before, and Brent is at $76.15 a barrel

Prices for oil of benchmark grades are changing slightly in Tuesday’s trading after decline following the previous session.

Georgia intends to increase gas imports from Azerbaijan

Georgia plans to import 3.217 bcm of gas from Azerbaijan in 2024.

Oil price goes down, and Brent is at $77.81 a barrel

Prices for oil of benchmark grades are declining in Monday’s trading after a steady rise on Friday and following the past week.

Baku and Ashgabat may resume swap gas supplies

Baku and Ashgabat are negotiating further swap gas supplies, ABC.AZ reports with reference to the Iranian National Gas Company (NIGC).

Oil has fallen in price at end of week, and Brent stops at $77.04 a barrel

Prices for oil of benchmark grades decreased in Friday’s trading and at the end of the week.

Oil price goes up, and Brent is at $77.56 a barrel

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

Is France’s Total leaving Azerbaijan

Foreign Minister Jeyhun Bayramov answered a question about cooperation in the economic sphere against the background of deteriorating relations with France.

Rules governing general conditions of gas supply changed — New decision

The Cabinet Ministers has amended the Rules defining the general conditions of gas supplies by gas distributors, approved by the Resolution from May 31, 1999.

Oil price goes down, and Brent is at $79.50 a barrel

Prices for oil of benchmark grades continued to decline in Thursday’s trading after a drop the day before.

Turkish companies to build hydroelectric power plants in Kelbajar and Lachin - Agreement signed

Azerbaijan aims to derive 30% of the generated electricity from renewable sources and reduce greenhouse gas emissions by 2030.