Azerbaijan cuts export of petroleum products for Jan-Aug

Azerbaijan exported 412,858.89 tons of petroleum products for Jan-Aug 2022 (57.5% less against Jan-Aug 2021).

Data published on export of crude oil and petroleum products

Germany announced confiscation of German assets of Rosneft

The German Ministry of Economy has announced the transfer of Rosneft's assets in the country to the trust management of a government agency.

Data on petroleum coke export for past 8 months unveiled

Oil grows in price, and Brent is at $91.19 a barrel

Prices for oil of benchmark grades are increasing in Friday’s trading after a serious drop the day before.

Shell CEO resigns

Shell’s CEO Ben van Beurden will retire at the end of 2022, and his successor will be Wael Savan.

Azerbaijan fulfilled OPEC+ deal on oil production cuts in August

Azerbaijan’s oil production for August 2022 totaled 554,000 b/d against the indicator of July 2022 at the level of 549,900 b/d.

Moldova discusses gas supplies from Azerbaijan

Moldova is negotiating with Azerbaijan about gas supplies

Equinor sells its assets in Russia for 1 euro

Value of oil drops, and Brent is at $93.90 a barrel

Prices for oil of benchmark grades are decreasing in Thursday’s trading after a rise following the previous trading

Azerbaijan observes growth of natural gas transportation this year

Over the past 8 months Azerbaijan carried 25.5 bn cu m of natural gas through the main gas pipelines (12.8% more against Jan-Aug 2021), ABC.AZ reports with reference to the State Statistics Committee.

Parviz Shahbazov: Azerbaijan increases electricity generation

According to operational data, over the past 8 months of this year, electricity generation in Azerbaijan increased by 2.6% (versus Jan-Aug 2021) up to 19.115 bn kWh.

Reps of leadership of some Balkan states appeal to Erdogan in connection with Azerbaijan

Representatives of the leadership of a range of Balkan countries have appealed to Turkish President Recep Tayyip Erdogan with a request to discuss with Azerbaijan the issue of gas supplies in winter.

Oil keeps on falling, and Brent is at $92.63 a barrel

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

SOCAR plans to expand cooperation with Uzbekneftegaz

The State Oil Company of Azerbaijan is considering the possibility of expanding cooperation with Uzbek company Uzbekneftegaz.

Oil gets cheaper, and Brent is at $93.74 a barrel

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

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.