President: We already officially start dialogue in energy sector with EU

Of course, close cooperation and coordination is necessary to meet the growing demand for energy.

Ilham Aliyev: We plan to double natural gas export to Europe

Gazprom has reduced natural gas exports

Russian energy company Gazprom hs declared that its natural gas exports for the past 8 months of the year decreased by 37.4% against Jan-Aug 2021.

Oil price grows, and Brent is at $94.16 a barrel

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

Turkey-based SOCAR plant increases oil imports

Over Jan-Jun 2022 oil refinery Star Rafineri imported more than 5.42 bn tons of oil.

Restriction to be imposed on Russian oil

Oil gets cheaper, and Brent is at $95.18 a barrel

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

Who will manage the SOCAR plants?

The Azerbaijan State Oil Company (SOCAR) aims to increase competitiveness in foreign markets.

Serbia plans to purchase gas from Azerbaijan

Serbian President Aleksandar Vucic said that his country is looking for an alternative to Russian fuel.

EU countries could have high energy bills during next few winters

US strategic oil reserves drop sharply

US strategic oil reserves fell by 3.1 million barrels over the week, ABC.AZ reports citing the US Department of Energy.

EU to hold extraordinary meeting of energy ministers

An extraordinary meeting of EU energy ministers will be held.

Oil drops after previous growth, Brent traded at $104.29 per barrel

Benchmark oil prices are declining in trading on Tuesday after sharp rise the day before.

Roadmap for energy cooperation signed between Azerbaijan and Uzbekistan

A meeting was held between Minister of Energy Parviz Shahbazov and a delegation led by Acting Minister, First Deputy Minister of Energy of Uzbekistan Azim Akhmedkhadzhaev.

Electricity prices in Europe break records

The benchmark for the cost of electricity in Germany in 2023 exceeded €1,000 per MWh for the first time.

bp completes program on Shahdeniz field

Iran posts 5-fold increase in oil revenues

Iranian Economy Minister Ehsan Khandouzi said that the country's oil revenues have increased 5 times over the past 5 months.

Oil rises, Brent traded at $101.70 per barrel

Benchmark oil prices are rising in trading on Monday.

Oil rises, Brent traded at $100.03 per barrel

Benchmark oil prices are rising in trading on Friday after declining the day before.

Electricity prices rise in some European countries

In some EU countries, the price for electricity with the condition of delivery on August 26 exceeded 700 euros per 1 MW/h.

Kazakhstan in talks over oil transportation through Azerbaijan

Kazakhstan and Azerbaijan are discussing the possible ways of transporting Kazakh oil.