OPEC has published forecast on oil production in Azerbaijan for 2023

The Organization of Petroleum Exporting Countries (OPEC) has not changed its forecast on the average daily production of oil and other liquid hydrocarbons in Azerbaijan for 2023.

Cost of oil drops, and Brent is at $84.80 a barrel

Prices for oil of benchmark grades are decreasing in Wednesday’s trading.

Electricity production in Azerbaijan increased in January

Azerbaijan produced 2.759 bn kWh of electricity in January 2023, which is 199.8 million kWh or 7.8% more than in January 2022.

Slovakia and Azerbaijan can cooperate in this area

Slovakia and Azerbaijan can cooperate in the field of decarbonization of gas networks

Oil price goes down, and Brent is at $85.99 a barrel

Prices for oil of benchmark grades are declining in Tuesday’s trading.

Last month’s oil production in Azerbaijan reached 2.7 million tons

To date, 204.6 bn cu m of gas have been produced from Azeri-Chirag-Guneshli and about 185 bn cu m from Shah Deniz.

Azerbaijan produced 4.2 bn cu m of natural gas in January

Azerbaijan extracted 4.2 bn cu m of natural gas in January 2023.

About $400 million to be invested in a new thermal power plant of Mingachevir

The new station, meeting modern standards, will consume significantly less carbon dioxide - by 2 million tons, and thus it will be of great benefit to the environment.

Ilham Aliyev: It is an all-round successful project

The efficiency of a new plant will be very high and there will be great savings on natural gas.

Importance of Mingachevir Power Station further evidenced during 2nd Karabakh War

The importance of the Mingachevir Power Station was further evidenced during the second Karabakh war.

Ilham Aliyev took part in groundbreaking ceremony of new thermal power plant

President Ilham Aliyev took part in the groundbreaking ceremony of a new thermal power plant on Monday.

Parviz Shahbazov: Azerbaijan exported 2.1 million tons of oil in January

According to operational data, Azerbaijan produced 2.7 million tons of oil in January 2023, and directed 2.1 million tons of them for export.

Oil prices fall after last week's rise, and Brent is at $85.52 a barrel

Prices for oil of benchmark grades are declining in Monday’s trading after rising more than by 2% on Friday and more than by 8% at the end of last week.

Head of a Chinese company in Azerbaijan replaced

The head of Chinese company Petro-HongKong-Pirsaat Oil LLC, operating in Azerbaijan, has been replaced.

Cost of oil gets cheaper, and Brent is at $84.33 a barrel

Prices for oil of benchmark grades continue falling in Friday’s trading after decline in the previous session

Number of Azerbaijani citizens working in bp has increased

At the end of 2022, the number of bp’s Azerbaijani national employees was 2,377 including fixed-term employees

ACG costs for 2022 published

Oil price is stable, and Brent is at $85.10 a barrel

Prices for oil of benchmark grades are stable in Thursday's trading after rising following two consecutive sessions.

Price of oil goes up, and Brent is at $83.73 a barrel

Prices of oil of benchmark grades are rising in Wednesday’s trading after a sharp rise the day before.

BP’s net loss was $2.5 bn in 2022

BP Plc shareholders’ net loss in 2022 amounted to $2.487 bn. The company ended 2021 with net profit of $7.565 million.

Oil price goes up, and Brent is at $81.66 a barrel

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