Investments in oil & gas sector increased this year

Over Jan-May 2024, 2.468 bn manats were directed for the oil & gas sector.

Exports of crude oil and petroleum products lowered by 16%

Over Jan-May 2024, exports of crude oil and petroleum products from Azerbaijan declined by 16% to 9.869 million tons, ABC.AZ reports, referring to the State Customs Committee (SCC).

Data published on oil carried via BTC pipe

Over Jan-May, oil transportation through main oil pipelines in Azerbaijan decreased by 1.78% to 15.97 million tons.

Azerbaijan's earnings from natural gas lowered by 51 %

Azerbaijan's income from natural gas exports in 5 months of 2024 were 51% less against Jan-May 2023.

Oil price goes down, and Brent is $82.39 a barrel

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

Azerbaijan expects to export 1.2 bcm to Greece by end of 2024

By the end of 2024, 1.2 bcm of gas is expected to be exported to Greece.

Azerishig to lay power lines in Jabrayil for 10 million manats

Azerishig OJSC has signed an agreement with Harmony Industrial Construction & Engineering Group LLC in the amount of 10 million manats.

Oil price down, and Brent is at $82.32 a barrel

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

Last month, country’s daily oil production exceeds 76,000 tons

Oil price goes up, and Brent is at $82.38 a barrel

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

Azerbaijan’s gas exports to Europe up by over 10% for Jan-May

Over Jan-May 2024, Azerbaijan exported 5.3 bcm of natural gas to Europe, ABC.AZ reports, referring to the Ministry of Energy.

Azerbaijan becomes second-biggest gas supplier to Türkiye for 2023

In 2023, Azerbaijan contributed to 20.32% of Türkiye’s total natural gas imports, , ABC.AZ reports, referring to the Türkiye Energy Market Regulatory Authority (EPDK).

Azerbaijan occupies 2nd place among gas suppliers to Türkiye

Oil prices slightly goes down, and Brent is at $81.52 a barrel

Prices for oil of benchmark grades are slightly declining in Tuesday’s trading after a serious rise the day before.

Number of SOCAR gas stations abroad reached 541

The State Oil Company of Azerbaijan (SOCAR) has so far opened 601 filling stations in Azerbaijan and abroad under the SOCAR brand

ADNOC has established a company in Azerbaijan

Azerbaijan and Albania discuss gas supplies via TAP

Azerbaijan and Albania agreed to provide mutual support through the Intergovernmental Commission to result-oriented activities in all areas.

Oi prices goes up, and Brent is at $79.84 a barrel

Prices for oil of benchmark grades are increasing in Monday’s trading after a drop following the previous week.

Oil Fund’s revenues on two fields made public

The revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) on Azeri-Chirag-Guneshli (ACG) and Shah Deniz for the first five months of 2024 have been published.

Data published on Bulla-Deniz field production

Since the commissioning of Bulla-Deniz field in the Azerbaijani sector of the Caspian Sea until 1 May 2024, production at the field totaled 69.9 bcm.

Forecast unveiled on gas production this year from Shah Deniz field

Shah Deniz gas condensate field, located in the Azerbaijani sector of the Caspian Sea, is expected to produce 27.1 bcm of gas this year.