Data published on white oil production in Azerbaijan

Over Jan-Mar 2024, our country manufactured 159,600 tons of white oil.

Azerbaijan produced 600,000 tons of diesel fuel for Jan-Mar

Azerbaijan produced 599,600 tons of diesel fuel for Jan-Mar 2024.

Hungary’s MOL discovered a large oilfield

Hungarian oil & gas company MOL has discovered a new field in the central part of the country.

Gas price in Europe grew by 6% in April

The price of gas in Europe increased by 6% in April, to $324 per 1,000 cu m.

Azerishig's net profit drops sharply

Azerishig OJSC completed 2023 with net profit of 14.728 million manats.

Oil price goes down, and Brent is at $85.60 a barrel

Prices for oil of benchmark grades keep on falling in Wednesday's trading.

Oil price goes down, and Brent is at $86.90 a barrel

Prices for oil of benchmark grades are declining in Tuesday’s trading after a drop following the trading on Monday.

Azerbaijan to increase its gas imports from Russia

Azerbaijan will increase its gas imports from Russia to help service domestic needs

Oil and gas make up about 90% of Azerbaijan's exports

The decline in oil production has led to a decrease in total trade turnover, ABC.AZ reports, quoting Milli Majlis MP Vugar Bayramov.

Cost of oil goes down, and Brent is at $87.51 a barrel

Prices for oil of benchmark grades are falling in Monday’s trading after growth following the past week.

Ilham Aliyev: Azerbaijan to become a supplier of green energy to Europe

Production from this platform suspended temporarily

Production from Deepwater Gunashli platform suspended temporarily.

Oil price keeps on rising, and Brent is at $89.44 per barrel

Prices for oil of benchmark grades continued to increase in Friday’s trading after growth following the trading the day before.

President Aliyev: Armenia can potentially become a recipient of Azerbaijani gas

Armenia can potentially become a recipient of Azerbaijani gas, ABC.AZ reports, quoting Azerbaijani President Ilham Aliyev.

Azerbaijan’s natural gas supply to Hungary started since April

Azerbaijan started supplying natural gas to Hungary in April 2024. We have a contract with Hungary for supply of 100 million cu m.

UK buys record volumes of Russian oil

The UK continues to purchase Russian oil on a large scale, using the existing legislative loophole to circumvent sanctions.

Cost of oil goes up, and Brent is at $88.17 a barrel

Prices for oil of benchmark grades are increasing in Thursday’s trading after a drop in the previous session.

Oil price is stable, and Brent is at $88.51 per barrel

Prices for oil of benchmark grades are rising slightly in morning trading on Wednesday after rising following the last session.

Over 7 bn kWh of electricity generated in Azerbaijan for 1st quarter

In the 1st quarter of this year, electricity production was 7.129 bn kWh, with exports accounting for 360.3 million kWh, and imports for 44.3 million kWh.

Cost of oil goes up, Brent is at $87.36 a barrel

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

Rules for use of electricity changed

The rules for the use of electricity have changed.