ADNOC has established a company in Azerbaijan

Azerbaijan and Albania discuss gas supplies via TAP

Azerbaijan and Albania agreed to provide mutual support through the Intergovernmental Commission to result-oriented activities in all areas.

Oi prices goes up, and Brent is at $79.84 a barrel

Prices for oil of benchmark grades are increasing in Monday’s trading after a drop following the previous week.

Oil Fund’s revenues on two fields made public

The revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) on Azeri-Chirag-Guneshli (ACG) and Shah Deniz for the first five months of 2024 have been published.

Data published on Bulla-Deniz field production

Since the commissioning of Bulla-Deniz field in the Azerbaijani sector of the Caspian Sea until 1 May 2024, production at the field totaled 69.9 bcm.

Forecast unveiled on gas production this year from Shah Deniz field

Shah Deniz gas condensate field, located in the Azerbaijani sector of the Caspian Sea, is expected to produce 27.1 bcm of gas this year.

Volume of oil produced so far from Oil Rocks field published

Since the commissioning of field Oil Rocks until 1 May 2024, 180.2 million tons of oil have been produced here.

Forecast: 1.5 bcm of gas to be extracted from Absheron field in 2024

It is expected that 1.5 bcm of gas will be produced from Absheron field located in the Azerbaijani sector of the Caspian Sea this year.

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

Prices for oil of benchmark grades are rising in Friday’s trading, but end the week in the red.

SOCAR: Construction of Shafag solar power plant in Jabrayil to finish in 2025

The State Oil Company of Azerbaijan Republic (SOCAR) together with BP and Azerbaijan Investment Company expects to finish the construction project of the Shafag Solar Power Plant with capacity of 240 MW in Jabrayil district of Azerbaijan until the end of 2025.

Gas to be consumed in Europe at least until 2050 - SOCAR

Natural gas will be consumed in Europe at least until 2050.

Work is underway to decarbonize Sangachal terminal

BP is working on decarbonization at the Sangachal terminal.

Acquisition of Shah Deniz stake - A crucial step towards diversifying gas supply to Hungary

Hungarian company MVM considers the acquisition of a 5% stake in the Shah Deniz gas field development project as a significant step towards diversifying gas supplies to Hungary.

Oil price goes up, and Brent is at $78.78 per barrel

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

An Arab company to invest nearly $5 bn in Azerbaijan

Arab company Acwa Power is planning to invest about $5 bn in renewable energy projects in Azerbaijan.

BP to start producing gas at ACG from deep reservoirs

It is planned to start producing natural gas from deep layers in the Azeri-Chirag-Deepwater Gunashli (ACG) field in the Azerbaijani sector of the Caspian Sea, in early 2025.

Has Hungary bought a stake in Baku-Tbilisi-Ceyhan project?

Hungary's share in the Baku-Tbilisi-Ceyhan project is 8.9%.

Rovshan Najaf: SOCAR intends to invest in renewable energy projects

The Azerbaijan State Oil Company (SOCAR) intends to invest in renewable energy projects.

Hungary bought gas from Azerbaijan for the first time this year

Hungary continues to diversify supplies in order to reduce dependence on Russian gas.

Our annual gas supplies to Europe grew almost up to 12 bcm in 3 years - Parviz Shahbazov

After 30 years, our goal remains the same – to ensure energy security and sustainable development in the region and beyond, ABC.AZ reports, quoting Azerbaijani Energy Minister Parviz Shahbazov as saying this during his speech at the Baku Energy Forum.

Foundation of two more solar power plants to be laid in Eastern Zangezur

By 2027, at the first stage of partnership with energy companies, Azerbaijan plans to implement new renewable energy projects with volume of about 2 gigawatts, which will increase the share of renewable energy in country's installed capacity to 33%.