Mikail Jabbarov informs about signing of a memo with Iran

Russia to receive extra $6.4 bn of oil & gas income

The Ministry of Finance of Russia announced that in June it expects additional revenues in the amount of 393 bn rubles (about $6.4 bn) from oil & natural gas exports.

Gas supplies from Azerbaijan and Turkmenistan to Europe discussed

Turkey and the EU discussed gas supplies to Europe from Azerbaijan and Turkmenistan via the Southern Gas Corridor.

Azerbaijan may increase gas exports to Europe

Oil falls in value after its rise the day before, and Brent is at $117.21 a barrel

Prices for oil of benchmark grades are declining in Friday’s trading after growth the day before amid the U.S. Department of Energy’s data on falling inventories.

Peskov: Russia not to sell energy resources at a loss

Russia will not sell energy resources at a loss.

Russian oil production lowered by 1 million b/d

International forum starts in Baku – 20 countries are participating

The Baku Energy Forum has started its work in the Baku Congress Center.

Azerbaijan earned $163 bn from ACG and Shah Deniz fields

To date, 555 million tons of oil have been extracted from Azeri-Chirag-Guneshli field block and Shah Deniz gas condensate field in Azerbaijan.

Oil gets cheaper, and Brent is at $113.96 a barrel

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

President Aliyev: Demand for hydrocarbons in Azerbaijan is greater than ever

President Ilham Aliyev stressed that the country's gas potential is not limited only to Shah Deniz, there are other very promising fields.

Ilham Aliyev: Southern Gas Corridor makes it possible to increase production at Shah Deniz

The Southern Gas Corridor allows us to increase production from the huge Shah Deniz gas condensate field. And for a year and five months Azerbaijan has been using this completely new modular infrastructure.

President Aliyev thanked U.S. and UK governments

President Ilham Aliyev also thanked the U.S. and UK governments for supporting Azerbaijan's large energy projects.

Ilham Aliyev: We negotiate with potential gas consumers

Taking into account new challenges and requirements, we are holding discussions with other potential gas consumers.

Electricity has become more expensive in Turkey

Gazprom has stopped exporting gas to two countries

Gazprom confirmed the complete shutdown of gas supplies on Wednesday to Danish energy company Orsted and Shell Energy Europe (Shell's European subsidiary) because of non-payment in rubles.

Russian oil imports to reduce by 92%

LUKOIL shareholders approve new president of company

Vagit Alekperov, the founder of Russia's largest private oil company LUKOIL, has left the post of president of the company after 30 years of work.

President held a reception – Issue of gas export growth discussed

EU was able to agree on partial oil imports from Russia

The EU leaders have agreed to ban two-thirds of oil from Russia.

Oil rises in cost, and Brent is at $123.48 a barrel

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