Azerbaijan ranks 5th in BP rating

Azerbaijan`s net share of natural gas production in various parts of the world is 5%

BP has drawn 11 rigs for operations

Last year, BP engaged 9 drilling rigs in offshore operations for oil and gas projects in Azerbaijan, including 2 mobile drilling rigs

ACG costs exceed $0.5 bn for 3 months

BP has released a report on Azerbaijan`s sustainable development for 2019

4 more wells drilled at ACG field for 3 months

Oil production from Azeri-Chirag-Guneshli in the 1st quarter of 2020 amounted to 48 million barrels, or more than 6.4 million tons

Oil prices rise, and Brent has grown up to $38.75 a barrel

Oil prices are rising in Tuesday`s trading on the news that OPEC+ may extend the current level of production cuts

IEA Executive Director: Global energy industry is going through a big shock

Oil prices fall after a month of growth, Brent drops to $37.48 a barrel

Prices for oil of standard grades are reducing in Monday`s trading after strong growth at the end of May

Azerbaijani gas has reached Europe

On 20 May gas from Azerbaijan reached the territory of Albania as part of the test works of the Trans-Adriatic Pipeline

Oil prices fall, while Brent price declines to $34 a barrel

Oil prices are falling on Friday after rising the day before up to the highest for the last 6 weeks

Oil refining from these fields has grown

Azerbaijan produced 535 million tons of oil (together with condensate) and 293 bn cu m of gas from the Azeri-Chirag-Guneshli and Shah Deniz fields in the period of commissioning until 1 May 2020

Gas exports by Azerbaijan grew more than by 13%

Over Jan-Apr 2020 Azerbaijan extracted 13.4 bn cu m of gas (by 15% or 1.8 bn cu m more versus the same term 2019)

Azerbaijan lowers oil volumes sold abroad

For the past 4 months of 2020 Azerbaijan exported abroad 10.2 million tons of oil (together with condensate)

Azerbaijan`s oil production observed a rise for Jan-Apr

Over the past 4 months of 2020 Azerbaijan produced 12.4 million tons of oil (including condensate)

Oil continues rise in price after growth the day before, and Brent grew up to $36.50 a barrel

Prices for oil of standard grades are increasing during Thursday`s trading after rising for the second week in a row

Georgia lowers oil imports by 19%

Georgia imported natural gas for $157.7 million for Jan-Apr 2020

Cost of oil continues growth, Brent risen up to $34.97 per barrel

Oil prices in Wednesday`s auction are increasing moderately after the rise-fall in the trading the day before

Oil price keeps on rising, and Brent has grown up to $35 a barrel

Oil prices continued to grow on Tuesday after rising at the end of the previous session, amid the gradual opening of economies around the world and signals of increased demand with production cuts

Oil prices continue rising, and Brent is traded at $33.59 a barrel

Oil prices are rising in Monday’s trading after rising at the end of last week

SOCAR to sell diesel cheaper to Georgian farmers - Contract

A contract has been signed between the Ministry of Agriculture of Georgia and Socar Georgia Petroleum

Average price of electricity has decreased in Azerbaijan

The consumer price index for paid services to the population for April 2020 made up 99.3% compared with the previous month and 100.4% compared with April 2019

Azerbaijan fulfilled its production cut obligations for first 10 days of May

Azerbaijan, which has undertaken the commitment concerning the stabilization of the world oil market for the first time, has been reducing daily oil production in accordance with its quota since 1 May