About $400 million to be invested in a new thermal power plant of Mingachevir

The new station, meeting modern standards, will consume significantly less carbon dioxide - by 2 million tons, and thus it will be of great benefit to the environment.

Ilham Aliyev: It is an all-round successful project

The efficiency of a new plant will be very high and there will be great savings on natural gas.

Importance of Mingachevir Power Station further evidenced during 2nd Karabakh War

The importance of the Mingachevir Power Station was further evidenced during the second Karabakh war.

Ilham Aliyev took part in groundbreaking ceremony of new thermal power plant

President Ilham Aliyev took part in the groundbreaking ceremony of a new thermal power plant on Monday.

Parviz Shahbazov: Azerbaijan exported 2.1 million tons of oil in January

According to operational data, Azerbaijan produced 2.7 million tons of oil in January 2023, and directed 2.1 million tons of them for export.

Oil prices fall after last week's rise, and Brent is at $85.52 a barrel

Prices for oil of benchmark grades are declining in Monday’s trading after rising more than by 2% on Friday and more than by 8% at the end of last week.

Head of a Chinese company in Azerbaijan replaced

The head of Chinese company Petro-HongKong-Pirsaat Oil LLC, operating in Azerbaijan, has been replaced.

Cost of oil gets cheaper, and Brent is at $84.33 a barrel

Prices for oil of benchmark grades continue falling in Friday’s trading after decline in the previous session

Number of Azerbaijani citizens working in bp has increased

At the end of 2022, the number of bp’s Azerbaijani national employees was 2,377 including fixed-term employees

ACG costs for 2022 published

Oil price is stable, and Brent is at $85.10 a barrel

Prices for oil of benchmark grades are stable in Thursday's trading after rising following two consecutive sessions.

Price of oil goes up, and Brent is at $83.73 a barrel

Prices of oil of benchmark grades are rising in Wednesday’s trading after a sharp rise the day before.

BP’s net loss was $2.5 bn in 2022

BP Plc shareholders’ net loss in 2022 amounted to $2.487 bn. The company ended 2021 with net profit of $7.565 million.

Oil price goes up, and Brent is at $81.66 a barrel

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

Ceyhan Oil Terminal suspends operations

Cost of oil goes up, and Brent is at $80.18 a barrel

Prices for oil of benchmark grades are increasing in Monday’s trading after decline of ovre 7% at the end of last week.

Azerbaijan to deliver up to 1 bn cu m of gas to Romania

President: Increase in production at Shah Deniz field is on agenda

After signing the Memorandum of Understanding with the European Commission on increase of gas supplies, Azerbaijan actively thought about creating additional opportunities.

Romanian President: We’re very interested in receiving additional volumes of Caspian gas

The conclusion of the Memorandum of Understanding on Strategic Partnership in the field of energy, signed by the European Union and Azerbaijan in July 2022

Ilham Aliyev: Romania joins group of countries of Southern Gas Corridor

Two important events took place in December from angle of energy security. Azerbaijan and Romania signed an agreement on gas supplies. Gas supply will start soon. Thus, Romania joins the group of countries of the Southern Gas Corridor.

SOCAR and TPAO signed a range of documents on cooperation

Today, SOCAR president Rovshan Najaf met with a delegation of TPAO (Türkiye Petrolleri Anonim Ortaklığı), headed by company’s president Melih Khan Bilgi.