By 2030, Azerbaijan to generate 7 GW of green energy

It is planned to put 7 GW of green energy capacity into operation in Azerbaijan by 2030.

Price of oil in State Budget 2025 is projected at $ 70

When preparing the draft consolidated and state budgets of Azerbaijan for 2025, the price for 1 barrel of Azeri Light oil is set at $70.

Azerbaijani oil has risen in price

Azerbaijani oil has increased in price at the world market.

Scholz: Kazakh oil saved the German refinery from downtime

Astana helped Berlin a lot with the supply of black gold when shipments from Russia to Europe stopped, ABC.AZ reports, quoting German Chancellor Olaf Scholz.

Kyrgyzstan proposes Azerbaijan to take part in energy projects

Bishkek has proposed Baku to sign a long-term contract for the supply of crude oil to Kyrgyzstan and its processing.

Oil price goes down, Brent - $73.35 a barrel

Prices for oil of benchmark grades are declining in Wednesday's trading.

BP sells its wind energy business in U.S.

UK company BP Plc has put up for sale a wind energy business in the U.S.- BP Wind Energy, ABC.AZ reports with reference to the company.

Grossi: IAEA to support Kazakhstan in construction of nuclear power plants

IAEA Director General Rafael Grossi said that the IAEA is ready to support Kazakhstan during the referendum on the construction of a nuclear power plant, which will be held on October 6.

Capital expenditures for ACG project reach $45 bn

In the 2nd quarter of 2024, the total capital expenditures for development of the Azeri-Chirag-Gunashli (ACG) fields block in the Azerbaijani sector of the Caspian Sea reached $45 billion.

BP ABŞ-dakı külək enerjisi biznesini satır

Britaniyanın BP Plc şirkəti ABŞ-da “BP Wind Energy” külək enerjisi biznesini satışa çıxarıb.

Oil price goes up, and Brent - $73.05 a barrel

Prices for oil of benchmark grades are increasing in Tuesday's trading.

Residents of Uzbekistan earned almost $380,000 on sale of ‘green’ electricity

The solar energy support program in Uzbekistan continues to gain momentum.

BP sells non-controlling stake in BP Pipelines TAP Limited

Azerbaijan exported crude oil for $10.3 billion in 8 months

Over Jan-Aug 2024, the volume of crude oil exported abroad by Azerbaijan decreased by 11% compared with Jan-Aug 2023.

Austria resumes purchases of crude oil from Azerbaijan

Austria has resumed purchases of Azerbaijani crude oil for the first time in the last 11 months.

Iran is ahead of Qatar in gas production from a joint field

The Islamic Republic has surpassed Qatar in gas production at the South Pars field, which is common to the two countries in the Persian Gulf.

Western countries want Azerbaijan to submit issue of phasing out fossil fuels to COP 29

Western countries are putting pressure on Azerbaijan to submit to COP 29 the issue of imposing strict requirements for phasing out fossil fuels.

Oil production in Azerbaijan dropped by 4.6% in 8 months

Production of oil with gas condensate in Azerbaijan for Jan-Aug 2024 reached 19.30 million tons (4.6% less versus Jan-Aug 2023), including production of commercial oil with condensate declined by 4.4% to 19.26 million tons.

Oil price is stable after last week's growth, Brent - $71.63 per barrel

Prices of oil of benchmark grades are changing slightly in Monday’s trading.

Growth on production of gasoline and diesel fuel observed in Azerbaijan

For Jan-Aug 2024, Azerbaijan manufactured oil products for 3.443 billion manats (3.1% more against the 2023 same term)

Azerbaijan lowers imports of Turkmen crude oil by 76%

Azerbaijan reduced crude oil imports from Turkmenistan by 76% for Jan-Jun 2024.