Kiev promised Budapest oil supplies from Russia

Oil price goes up, Brent - $73.37 per barrel

Prices for oil of benchmark grades are increasing in Monday’s trading after a sharp decline following the past week.

Azerbaijan's GL Group has bought out a 25% stake in a natural gas field development project in Türkiye

Ex-head of Ukrenergo criticized authorities for situation in energy sector

162 solar panels installed on territory of this plant

Eight solar and wind power plants to be connected to grid until 2027

Azerbaijan plans to implement projects for construction of eight solar and wind power plants with total cost of $2.8 billion until 2027 at the expense of foreign and local investments.

Russia to build a low-power nuclear power plant for Mongolia

Oil reserves in U.S. decreased

Commercial oil reserves in the U.S. declined by 2.19 million barrels last week to 420.55 million barrels.

Azerbaijani oil has fallen in price

Azerbaijani oil Azeri Light (USA) has declined in price at the world markets.

UK has imposed sanctions against 18 Russian oil tankers

The UK has imposed sanctions against 18 Russian oil tankers and 4 LNG tankers

Oil price goes up, Brent - $74.71 per barrel

Prices for oil of benchmark grades are increasing in Friday’s trading after growth the day before.

Azerbaijani oil has risen in price

Oil price goes up, Brent - $74.47 per barrel

Prices for oil of benchmark grades are rising in Thursday’s trading after decline for four consecutive sessions.

Important proposal for gas limit

The issue of the gas limit in mountainous areas should be reviewed, ABC.AZ reports, quoting Azer Badamov, deputy chairman of the Milli Majlis Committee on Economic Policy, Industry and Entrepreneurship .

Russia asks Azerbaijan and Georgia for help with supply of electricity in case of accidents

The only operator of electricity import and export in Russia, PJSC Inter RAO, is considering the possibility of importing electricity from Georgia and Azerbaijan during accidents.

Azerbaijan's revenues from gas exports decreased – Report

For the past 9 months of 2024, the total statistical value of oil & gas sector goods exported from Azerbaijan reached $17.39 million.

Oil price goes up, Brent - $74.52 per barrel

Prices for oil of benchmark grades are rising in Wednesday’ trading after a 4% drop in the previous session.

Household spending on gasoline and diesel fuel has increased

Motor gasoline and diesel fuel for 2.43 bn manats were sold to consumers in the retail trade network in Azerbaijan for Jan-Sept 2024.

bp appoints new senior vice president for production

bp has announced the appointment of Elkhan Mammadov as senior vice president (SVP) for production, effective December 2, 2024.

Kazakhstan plans to produce 1.8 million tons of petrochemical products by 2030

The Ministry of Energy has developed Petrochemical Industry Roadmap 2024-30. The roadmap includes the stages from provision of raw materials to the release of final products.

Construction of a small nuclear power plant is planned in Uzbekistan

The contract for construction of a small nuclear power plant in Uzbekistan has been signed, and active work is underway to implement it.