Oil rises in cost, and Brent is at $101.28 a barrel

Benchmark oil prices are growing in Friday’s trading.

Cost of oil grows, and Brent exceeds $100 a barrel

Prices for benchmark oil are rising in Thursday's trading, with Brent above $100 a barrel for the first time since 2014.

Munich Re cancels contract on Nord Stream-2

Munich Re, Germany's second largest insurance company and the country's largest reinsurance company, has cancelled the contract for Nord Stream 2, Munich Re’s CEO Joachim Renning stated.

SOCAR to use AI when reading gas meters

Over 16 bn cu m of gas to be carried via TANAP in 2022

Azerbaijani gas transportation via the Trans-Anatolian Gas Pipeline (TANAP) to Turkey and Europe in 2022 is planned at the level of 16.2 bn cu m.

TANAP CEO: It may take 4-5 years to double TANAP capacity

Almost 2-fold increase of capacity of the Trans-Anatolian Gas Pipeline (TANAP) up to 31 bn cu m will take up to 5 years.

Oil gets more expensive, and Brent is at $97.18 a barrel

Prices for benchmark oil are increasing in Wednesday’s trading.

Crude oil Brent exceeds $99 a barrel

The growth of oil prices of benchmark grades accelerated on Tuesday due to the deterioration of the geopolitical situation in eastern Ukraine

After Putin's decision, natural gas prices in Europe rose

Natural gas prices on European exchanges rose sharply against the background of Russia's recognition of the independence of the separatist "DNR" and "LNR".

Oil grows in price, and Brent is at $96.80 a barrel

Benchmark oil prices are rising in Tuesday's trading.

Breakers of rules of maintenance of gas installations to be fined

Azerbaijan has amended the Code of Administrative Offences.

Qatari company may build wind farms in liberated territories

Energy Minister Parviz Shahbazov held a number of meetings in Doha as part of the events of the Gas Exporting Countries Forum (GECF).

Oil changes in different directions, and Brent is at $93.33 a barrel

Prices for oil of standard grades are moving in different directions in Monday’s trading.

LUKOIL increased its stake in Shah Deniz project

LUKOIL confirmed that it had closed a deal to purchase a 9.99% stake in the Shah Deniz gas project from Petronas (Malaysia).

Top 3 of Azerbaijani oil importer countries

Italy took the 1st place in total oil exports from Azerbaijan for January 2022.

Oil falls in price, and Brent is at $92.42 a barrel

Prices for oil of standard grades continue to decline in Friday’s trading, after a sharp drop the day before.

Ex-head of department appointed to new position

Salih Abdullayev has been appointed the head of the regional power grid of national electricity supplier Azerenergy.

Oil gets cheaper, and Brent is at $93.79 a barrel

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

Azerbaijan increases electricity exports for 2021

Azerbaijan exported 1.67 bn kWh of electricity last year (a rise of 31.23% versus 2020)

Azerbaijan fully implemented the OPEC+ deal for January

The oil production in Azerbaijan amounted to 580,900 b/d last month.

E-map of Shusha gas supply network prepared

The working group of national gas supplier Azerigaz continues on-site research with the purpose of inventory of the existing gas supply network at this stage in the liberated territories.