2 bn cu m of associated gas delivered to Azerbaijan from ACG

ACG produced 77 million barrels of oil

Stable production at ACG continued in the 1st half of 2022.

Expenses for ACG in current year made public

During the 1st half of 2022, about $229 million of operating expenses and $791 million of capital expenditures spent on the Azeri-Chirag-Guneshli (ACG) operation

Azerbaijan to increase daily oil production up to 718,000 barrels in September

JICA signs a loan agreement with Masdar Azerbaijan Energy

Cost of oil grows after falling the day before, and Brent is at $97.04 a barrel

Prices for oil of benchmark grades are increasing in Thursday’s trading after sharp decline in the previous session.

OPEC+ to increase oil production in September by 100,000 b/d

OPEC+ countries agreed to increase oil production in September by 100,000 b/d.

Oil gets cheaper, and Brent is at $100.07 a barrel

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

BP's highest profit in last 14 years recorded in 2nd quarter

UK’s energy giant British Petroleum has announced its highest profit in 14 years in the 2nd quarter.

Loan package for financing of Garadagh solar power plant announced in Azerbaijan

The loan package for the construction of a solar power plant with capacity of 230 MW near Alat settlement in Azerbaijan will amount to $114.2 million to be given to Masdar Azerbaijan Energy

Agreement on construction of Garadagh solar power plant signed

Iran's statement on U.S. oil sanctions

Iran has announced that it will respond decisively and quickly to new US sanctions targeting Iranian oil and will take all necessary measures to eliminate the possible consequences of sanctions on the country's economy and trade.

Oil keeps on falling in price after a sharp drop the day before, Brent is at $99.28 a barrel

Prices for oil of benchmark grades continue to fall in Tuesday’s trading after sharp decline following the previous trading.

Lukoil’s shares have grown in price

The cost of Lukoil’s shares during trading on the Moscow Stock Exchange on Monday increased by 3.95% against the background of the publication of financial statements for the 1st half of 2022 and reached 4,030 rubles per share, according to trading data.

Oil gets cheaper, and Brent is at $102.91 a barrel

Prices for oil of benchmark grades are falling in Monday’s trading.

Oil prices move in different directions, and Brent is at $106.90 a barrel

Prices for oil of benchmark grades change in different ways in Friday’s trading

Shell increases net profit for Q2

Shell has reported record net profit for two consecutive quarters due to rising fuel prices.

Iran earned $4 bn on gas exports for 4 months

For 4 months of 2022, Iran's income from gas exports amounted to about $4 bn, ABC.AZ reports, quoting Iranian Oil Minister Javad Ovji.

Oil grows in price, and Brent is at $107.20 a barrel

Prices for oil of benchmark grades are increasing in Thursday’s trading after a steady rise the day before amid the data on decline in energy stocks in the U.S.

Azerbaijan Rigs unveils net profit for 2021

A joint company of SOCAR and the State Oil Fund (SOFAZ) - Azerbaijan Rigs LLC received net profit of AZN 30 million in 2021

Saudi Arabia may record an increase in oil sales

Saudi Arabia may record a record increase in oil supplies to Asia. But traders argue that such growth carries risks.