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.

Caspian Pipeline Consortium increases oil transportation

The volume of oil transportation through the Caspian Pipeline Consortium (CPC) system has increased compared with last year.

Nigerian army prevents theft of 198,000 tons of oil

Nigerian army units have disrupted a large illegal oil bunkering operation in the southern region of the country.

Oil price goes up, Brent - $72.44 per barrel

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

EBRD allocated $60 million to Türkiye for development of renewable energy

The European Bank for Reconstruction and Development (EBRD) has given a US$ 60 million loan to Turkish company Borusan EnBW Enerji for development and construction of 116 MW wind power facilities in Sivas and Tekirdag.

To maintain balance of payments, price of Azeri Light should be in range of $40-45 a barrel

To maintain Azerbaijan's balance of payments, the price of a barrel of Azeri Light oil on the world market should vary between $40-$45.

Average oil price in 2024 is comfortable for Azerbaijan

The average oil price in 2024 is comfortable for Azerbaijan.

Bayraktar: If Ukraine does not extend agreement, gas in voluem of 16 bcm will flow to Europe through Turkish stream

Oil price goes up, and Brent - $71.10 a barrel

Prices for oil of benchmark grades continue rising in Thursday’s trading after growth the day before.