Kazakhstan increases oil transportation from Aktau port to Azerbaijan

In January, oil transportation towards the port of Baku from the port of Aktau grew by 60,000 tons, up to 116,000 tons.

Gas extraction from deep reservoirs at ACG may begin next year

Drilling of 18 wells at ACG is planned this year

In 2024, it is planned to drill 18 wells on Azeri-Chirag-Gunashli (ACG) block of oil & gas fields located in the Azerbaijani sector of the Caspian Sea.

Oil price goes down after rise, and Brent is at $81.40 a barrel

Prices for oil of benchmark grades are declining in Friday’s trading after a jump of more than 3% following the previous session.

Fuel prices have risen in Türkiye — New price

Fuel prices in Türkiye have increased.

Growth of natural gas production in Azerbaijan approaches 50 bcm

The trend towards increasing natural gas production continues in Azerbaijan.

Why did oil prices rise? - Cause

Oil prices keep on their three-day rise, bolstered by gains in the broader financial markets and ongoing risks in the Middle East.

Oil price goes up, and Brent is at $79.43 a barrel

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

Last year, BP's profit lowered by 50%

In 2023, BP's profit amounted to $13.8 billion.

Production and export of lubricants grows in Azerbaijan

Oil price goes up, and Brent is at $78.17 a barrel

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

Oil price goes up, and Brent is at $77.68 a barrel

Prices for oil of benchmark grades are rising in Monday’s trading after last week’s drop.

In 2023, natural gas production grew by 3.8%

Azerbaijan produced 48.496 bcm in 2023.

Limit of annual electricity consumption for free consumers set

The Cabinet Ministers has set a limit on annual electricity consumption for free consumers.

Oil price goes up, and Brent is at $79.03 a barrel

Prices for oil of benchmark grades are increasing in Friday’s trading after a drop the day before.

Electricity supply to one district of Baku to cost 13 million manats

Azerishig OJSC has signed a contract with Smart Energy Services LLC for 13 million manats.

Period of tax relief for jet fuel imported in Azerbaijan extended

Oil price goes up, and Brent is at $80.84 a barrel

Prices for oil of benchmark grades are increasing rising in Thursday’s trading after a drop the day before.

Oil price goes down, and Brent is at $82.19 a barrel

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

Oil price goes up, and Brent is at $82.09 a barrel

Prices for oil of benchmark grades are increasing in Tuesday’s trading after a drop the day before.

Italy's spending on Azerbaijani gas has increased

Italy's spending on Azerbaijani gas has increased significantly, reaching €619.2 million in November 2023, compared with €364.2 million in October.