Up to AZN 2.36 bn directed for oil & gas sector this year

AZN 2.358 bn were directed for the oil and gas sector of Azerbaijan for the past half of the year

SOCAR increases drilling works

In the first half of the year SOCAR drilling divisions carried out 81,896 m of drilling operations

SOCAR extracted up to 1.7 bn cu m of natural gas for Q2

SOCAR produced more than 1.9 million tons of oil and up to 1.7 bn cu m of natural gas in the 2nd quarter of 2019

Natural gas export has grown this year

Azerbaijan exported more than 2.4 bn cu m of natural gas for the 2nd quarter

Azerbaijan observes a rise in chemical production

Chemical production of Azerbaijan increased for the 1st half of 2019

Over 18 million tons of oil carried via BTC pipe for first 6 months of 2019

The State Statistics Committee has reported that it was transported 19.7 million tons of oil via oil trunk pipelines in Azerbaijan for Jan-Jun of the current year

4.9 million tons of crude from ACG exported for Q2

SOCAR reports that in the 2nd quarter of 2019 SOCAR exported 4.9 million tons of crude oil

Price for oil keeps on falling, and for Azeri Light by 3.5%

Azerbaijani oil Azeri Light has dropped in price by $2.39

Azerbaijan generated 12 bn kWh of electricity for 1st half of 2018

The State Statistics Committee has reported that for Jan-Jun of the year Azerbaijan generated 11.967 bn kWh of electricity

Production of petroleum products observes a decline this year

Over Jan-Jun 2019 Azerbaijan produced 1.67 million tons of diesel fuel, 607,200 tons of motor gasoline

Price for oil fallen more than by 3%, and for Azeri Light by 0.3%

Azerbaijani oil Azeri Light has declined in price by $0.19

Azerbaijan observed a rise in electricity export

Over the past six months Azerbaijan exported 1.212 bn kWh of electricity

Azerbaijan increased oil and gas export for 1st half of 2019

Export of declared oil from Azerbaijan for Jan-Jun 2019 totaled 15.8 million tons for $7.67 million

Prices for oil are virtually stable, and for Azeri Light rises up to $68.75 a barrel

Azerbaijani oil Azeri Light has increased in price by $0.05

SOCAR president met with reps of ENOC

President of the State Oil company of Azerbaijan Rovnag Abdullayev and deputy chairman of ENOC Sheikh Saeed Mohammed al Tayer held a meeting in Baku on 15 July

Price for oil falls after last week’s rise and for Azeri Light to $68.70 a barrel

Azerbaijani oil Azeri Light has declined in price by $0.13

Auditor for HSS report making chosen

On July 12, 2019, the Extractive Industries Transparency Commission, held its next meeting at the State Oil Fund of the Republic of Azerbaijan with the participation of representatives of civil society, local and foreign extractive companies operating in Azerbaijan and international organizations.

Oil production in OPEC countries declined most in Iran and Iraq in June

Crude oil production in the countries of the Organization of Petroleum Exporting Countries decreased by 90,000 barrels to 29.9 million bpd in June

Prices for oil return to rise, and Azeri Light grows up to $68.83 a barrel

Azerbaijani oil Azeri Light has grown in price by $0.72

OPEC cuts oil production to 29.83 million barrels in June

In June the OPEC countries showed a decrease in oil production by 68,000 bpd

Protocol of Intent signed between UNDP and Azerbaijani Energy Ministry

Azerbaijani Energy Minister Parviz Shahbazov met with a delegation led by UNDP resident representative Alessandro Fracassetti