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.

Oil price goes down, and Brent is at $80.75 a barrel

Prices for oil of benchmark grades are declining in Wednesday’s trading after growth the day before.

Electricity to be generated in this district of Baku – a site allotted

The Cabinet of Ministers has amended the Resolution on the use of renewable energy sources in electricity production, approved by the Resolution from May 31, 2021.

Director of SOCAR-owned company replaced

The head of the plant of the State Oil Company (SOCAR) has been replaced.

Oil price grows more, and Brent is at $78.98 a barrel

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

Azerbaijan may purchase LUKOIL refinery in Bulgaria

Georgia sharply cuts electricity imports from Azerbaijan, but increases exports

Georgia imported 3.29 million kWh of electricity from Azerbaijan for $153.46 for Jan-Nov 2023.

72% of Georgia's gas supply is ensured by Azerbaijan

Italy increases natural gas imports from Azerbaijan more than by 10%

Italy increased natural gas imports from Azerbaijan in October 2023 up to 881.2 million cu m, compared with 800.5 million cu m in September

Oil price goes up, and Brent is at $80.07 a barrel

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

Turkish businessmen to restore 5 small hydroelectric power plants in liberated lands

Azerbaijan, together with Türkiye, plans to restore five small hydroelectric power plants (HPPs) in the liberated territories.

Oil gets cheaper, and Brent is at $79.36 a barrel

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

Azerbaijan unveils extraction of natural gas

Azerbaijan produced 44.2 bcm of natural gas for the past 11 months.

Oil price is stable, and Brent is at $79.22 a barrel

Prices for oil of benchmark grades are changing slightly in Wednesday’s trading after rising the day before.

Azerbaijan increased electricity exports - Report

Azerbaijan exported 3.9 bn kWh of electricity for $379.3 million for Jan-Nov 2023, ABC.AZ reports with reference to the State Customs Committee.

This country increased oil purchases from Azerbaijan

In 2023, the Czech Republic increased purchases of Azerbaijani crude oil.

Oil price goes up, and Brent is at $78.13 a barrel

Prices for oil of benchmark grades are increasing in Tuesday’s trading after growth following the the previous session.

Oil price goes up, and Brent is at $76.82 a barrel

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

Production capacity increased on Umid-1 platform

As part of the project "Accelerating production from Umid-1 platform located at Umid gas condensate field, restrictions in transport infrastructure were lifted, and daily production capacity of the platform was increased to 8.1 million cu m

Production of first oil from CEA platform scheduled for next March

Azerbaijan increased electricity production

The electricity production increased by 223 million kWh, amounting to 26.487 bn kWh in for Jan-Nov 2023.