Production of petroleum products grew by 32%

Azerbaijan manufactured petroleum products for AZN 2.248 bn for Jan-Jun 2023.

Oil price is stable, and Brent is at $81.36 a barrel

Prices for oil of benchmark grades are stable in Friday’s trading after a rise following the previous session.

Gasoline production in Azerbaijan grew by 39%

Our country manufactured petroleum products for AZN 2.248 bn for Jan-Jun 2023 (a rise of 23% year-on-year).

Azerbaijan sees growth in electricity production

In the first half of 2023, total electricity production in the Republic of Azerbaijan made up 13.907 bn kWh, up 2.8% from the previous year.

Oil keeps on rising in price, and Brent is at $80.39 a barrel

Prices for oil of benchmark grades are growing in Thursday’s trading after a rise in the previous session, caused by a fall in the dollar.

Consumers spent about $870 million for past 6 months to buy gasoline and diesel fuel

Gasoline and diesel may rise in price in Azerbaijan

Azerbaijan increased gas export by 7.5%

Azerbaijan exported 12 bcm of gas for Jan-Jun 2023 (7.5% more than a year ago).

Oil price goes up, and Brent is at $79.47 a barrel

Prices for oil of benchmark grades are increasing weakly in Wednesday’s trading after a rise following the previous session.

Oil price goes up, and Brent is at $78.12 a barrel

Prices for oil of benchmark grades are rising in Tuesday’s trading after decline the day before.

When will Azerbaijan start exporting gas to Hungary?

French company starts gas production in Absheron field in Azerbaijan

TotalEnergies and its partner SOCAR announce the start of production of the first phase of development of the Absheron gas and condensate field in the Caspian Sea, around 100 km south-east of Baku.

Oil price goes down, and Brent is at $78.03 a barrel

Prices for oil of benchmark grades are decreasing in Monday’s trading after a rise following the last week.

Ilham Aliyev: Feasibility study of gasification of Albania to be ready by end of 2023

The project of gasification of Albania goes according to the schedule.

President: We expect more EU member countries to start receiving natural gas from Azerbaijan

Cost of oil grows up, and Brent is at $76.80 a barrel

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

ExxonMobil profit to decline - Forecast

The largest U.S. oil & gas company ExxonMobil has warned that lower natural gas prices will negatively affect its profits in the oil exploration and production segment in the 2nd quarter of 2023.

OPEC did not officially invite Azerbaijan to become a member of organization

The Organization of the Petroleum Exporting Countries (OPEC) has not officially invited Azerbaijan to become a member of the organization, but is working over its expansion

Azerbaijan does not consider offers to join OPEC now

Azerbaijan hasn’t received offers to join OPEC lately and is not considering such an opportunity now,

Oil price goes down, and Brent is at $76.45 a barrel

Prices for oil of benchmark grades is getting cheaper at the auction on Thursday after rising following the previous session.

Nəqşicahan Holdinq gas stations sold

Gas stations belonging to Nəqşicahan Holdinq have been sold.