Saudi Arabia plans to increase oil production to 13 million barrels by 2027

Germany to refuse from Russian oil

Oil gets cheaper, and Brent is at $109.21 a barrel

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

EU: Iran may return to world oil markets

Negotiations between the EU and Iran on the nuclear deal are ongoing.

Bulgaria to receive gas from Azerbaijan from this date

Report on electricity generation by Azerenergy

Electricity generating in Azerbaijan grew by 3.3%

Azerbaijan generated 9.24 bn kWh of electricity for Jan-Apr 2022

SOCAR ethylene-polyethylene plant to resume work next week

Oil rises in value, and Brent is at $109.44 a barrel

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

Lukoil buys Shell Oil filling stations – Contract signed 

Oil production at ACG and Shah Deniz fields reached 589 million tons

Azerbaijan increases gas extraction and exports

For the past 4 months of 2022 the country extracted 15.7 bn cu m of natural gas.

Azerbaijani oil exports falls more than by 5%

The Ministry of Energy has released operational data for Jan-Apr 2022.

Oil production in Azerbaijan has fallen

According to operational data, 11.1 million tons of oil (together with condensate) were produced in Azerbaijan for Jan-Apr 2022.

Cost of oil drops, and Brent is at $105.94 a barrel

Prices for oil of benchmark grades are declining in Thursday’s trading after a sharp rise following the previous session.

Oil gets more expensive, and Brent is at $104.83 a barrel

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

Arab minister has commented on rise in energy prices

Saudi Arabia's Energy Minister Abdel Aziz bin Salman announced the exhaustion of reserves in the world for the processing of hydrocarbons and the production of electricity.

Gasoline and diesel fuel have risen sharply in the U.S.

Retail prices for gasoline and diesel fuel in the U.S. have reached record levels ahead of the summer season.

G7 states to reduce gradually their dependence on Russian energy carriers

The G7 countries have promised to reduce gradually their dependence on Russian energy carriers.

Shell lost $4.24 bn for withdrawal from Russia

UK-Dutch oil & gas company Shell has reported write-off of assets for $4.24 bn because of the refusal to participate in Russian energy projects and from wholesale fuel purchases from Russia

Azerbaijan sells carbamide to these countries

Azerbaijan’s urea sales to the domestic market increased 3.24-fold and its export 8-fold for the 1st quarter of 2022