Serbia to replace Russian oil with oil of this country

Serbia will not be able to buy Russian oil from 1 November because of EU sanctions, so it will try to replace it with "oil from Iran or some other"

Volumes of gas extracted so far at Shah Deniz field unveiled

Since the commissioning of Azeri-Chirag-Guneshli oil & gas field block until 1 September 2022, 199 bn cu m billion have been produced there.

Azerbaijan exported 7.3 bn cu m of gas to Europe for past 8 months

Azerbaijan increased gas exports by 23% for Jan-Aug 2022.

Prices fall as European storage facilities fill up with gas

The price of gas fell below $2,100 per 1,000 cu m during trading in Europe on Monday.

Azerbaijan to sell 2 bn cu m of gas to Bulgaria annually

Bulgaria intends to increase supplies through the Southern Gas Corridor and annually purchase up to 2 bn cu m of gas from Azerbaijan, ABC AZ reports, citing Bulgarian Economy & Industry Nikola Stoyanov.

This country to buy oil from Russia

Oil gets cheaper, and Brent is at $91.52 a barrel

Oil gets more expensive, and Brent is at $89.92 a barrel

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

Russia’s oil & gas income grew by 50%, despite sanctions

West's attempt to restrict energy exports from the Russian Federation has led to an increase in oil & gas proceeds of the Russian budget almost by 50%

Price for oil grows, and Brent is at $88.75 a barrel

Prices for oil of benchmark grades are rising in Thursday’s trading, after falling the day before.

SOCAR starts oil search in Turkey

Changes in Board of Petkim

There have been changes in the board of Petkim Petrokimya Holding AŞ, a subsidiary of the State Oil Company of Azerbaijan in Turkey.

Oil gets cheaper, and Brent is at $91.40 a barrel

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

Gazprom to sell gas to China for rubles

Gas prices in Europe observe growth again

The change of the price for 1,000 cu m of gas in Europe was recorded at the closing of last day’s trading.

OPEC+ countries intend to cut oil production by 100,000 barrels

During today's meeting the OPEC+ ministers will discuss, among other options, the possibility of reducing daily oil production by 100,000 barrels.

Talks on Kazakh oil transportation underway with Azerbaijan

Azerbaijani President: We need more reforms

With respect to the diversification, of course, no matter how we try to diversify our exports, our non-oil and non-gas exports will not match oil and gas exports, because oil and gas exports are growing.

Cost of oil grows, and Brent is at $94.94 a barrel

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

Azerigaz to demand accumulated debts from IDPs

Ilham Aliyev: Azerbaijan to supply gas to 3 Balkan countries on IAP

After the start of the Ukrainian-Russian war, the issue of natural gas became one of the main issues on Europe's agenda.