Azerbaijan produced 7.7 million tons of oil for Q1 of 2023

Since the commissioning of the Azeri-Chirag-Guneshli (ACG) and Shah Deniz fields, 396 bn cu m of gas have been produced as of 1 April 2023.

Azerbaijan adopts a new bill on electric power industry

A new bill on electric power industry has been passed in the 3rd reading at today's Milli Majlis plenary session.

Oil price rises, and Brent is at $84.75 a barrel

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

Oil prices grow slightly, Brent is at $85.13 a barrel

Prices for oil of benchmark grades are slightly rising in Monday's trading after last week’s growth due to the decision of a number of OPEC+ countries, including Saudi Arabia, on further production cut.

Vahid Ahmadov: A very serious price increase is expected

I don’t agree with the words of Parviz Shakhbazov that there will be no price increase after the adoption of the Bill on Electric Power Industry. No, there will be a very serious price increase.

Adoption of new Law on Electric Power Industry should not be understood as price increase

The adoption of the new Law on Electric Power Industry should not be understood as an increase in prices.

Ilham Aliyev: Azerbaijan exports 24.5 bn cu m of gas to world market this year

Energy Minister: 125,000 tons of Kazakh oil to be carried via BTC pipe this month

The 19th meeting of the Azerbaijan-Kazakhstan Intergovernmental Trade & Economic Cooperation Commission has been held in Baku.

Oil Fund has published a statement on ACG field 

Shah Deniz field income for Jan-Mar made public 

Volume of Azerbaijani gas to be exported to Hungary unveiled

The volume of gas to be exported from Azerbaijan to Hungary has been published.

Lukoil may sue Bulgarian government

Lukoil may sue the Bulgarian government.

Oil price goes down, and Brent is at $84.39 a barrel

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

Expert: If world oil prices rise, Azerbaijani oil becomes more expensive in accord with them

OPEC allies, including Russia, on Sunday agreed to cut oil production by 3.66 million b/d, or 3.7% of global demand.

Cost of oil grows, and Brent is at $85.40 a barrel

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

North Macedonia may get access to Azerbaijani gas in 2 years

The construction of the interconnection between North Macedonia and Greece to get access to Azerbaijani gas is planned to be completed in 2025.

Cost of oil rises, Brent is at $85.28 a barrel

Prices for oil of benchmark grades are increasing in Tuesday’s trading after a sharp jump of 6.3% the day before.

Japan buys Russian oil above $60

Japan has obtained an exception from the United States from the price cap of $60 per barrel agreed by the G7 countries for Russian oil.

Two power plants under construction in Nakhchivan to generate clean energy

Currently, two clean energy generation power plants are being built in Nakhchivan Autonomous Republic.

Azerbaijan wants buying batteries for electricity storage

The purchase of batteries for the storage of electricity obtained from renewable energy sources is a topic of discussion in Azerbaijan.

Oil sharply rises in price, Brent is at $78.42 a barrel

Prices for oil of benchmark grades show active growth in Monday’s trading the rise last week.