OPEC and allies to discuss further decline in oil production in March

Discussions on further production cuts by OPEC members led by Saudi Arabia and other non-OPEC oil producing countries, including Russia, have been postponed for March.

Oil finishes the week with lower prices

Oil prices observe falling in today`s trading and may end the week with a decline

Oil production from oilfield block Azeri-Chirag-Guneshli exceeds 500 million tons

Oil production from oilfield block Azeri-Chirag-Guneshli in the Azerbaijani sector of the Caspian Sea exceeded 500 million tons

New renewable energy project - contracts signed

The contracts for pilot renewable energy projects between the Ministry of Energy and companies ACWA Power and Masdar of the Kingdom of Saudi Arabia have been signed at the Azerbaijani Cabinet Ministers with the participation of Prime Minister Ali Asadov

UAE Minister: Deficit in oil supply is not forecasted

OPEC is trying to ease global market concerns about oil supplies amid rising tensions

Oil price rises, after a sharp fall of 4%

Prices for oil of standard grades are rising on Thursday after their fall more than by 4%

Azerbaijani PM has ordered on new rules on electric plants

The Rules of technical operation of electric and thermal plants have been endorsed

Another possibility that oil price will rise up to $75

Tensions between the U.S. and Iran directly affect the oil market, stated expert economist Vugar Bayramov, commenting on oil price forecasts

Now price of a barrel of Azeri Light crude oil exceeds $70 - SOCAR

A barrel of oil Azeri Light in 2019 at the point of delivery was sold for an average of $66.79

Oil rises in price in Wednesday`s trading after its falling the day before

Oil prices have added more than 1% in today`s trading

New chairman appointed at Azerishig

Big forecast on oil price - it will exceed $100

The price for oil is to exceed $100.

Oil keeps on its rising in price

Prices for oil continue growing on Monday after their increase on Friday up to maximum since mid-September

800 new gas regulators to be installed - Ruslan Aliyev

785 kilometers of the new gas pipeline will be overhauled next year

Mushfig substation put into operation

Today, Azerenerji`s power substation Mushfig with capacity of 220/110/10 kV has been commissioned

Azerbaijan’s electricity export has grown

Over Jan-Nov of this year Azerenerji exported electricity for $75.9 million

An overpass up to 750 m long under construction to be put into operation in June

Falling water level in the Caspian Sea threatens to stop the operation of ‘Sumgait’ power plant

Shakhmar Huseynov appointed general director of production association Azneft

General director of production association Azneft has been appointed

Oil rises in price

Oil keeps on its weak growing on Friday after rising the day before

Oil prices observe growth

On Thursday, prices for oil of standard grades are steadily rising

Georgia bought 1.5 bn cu m of Azerbaijani gas for Jan-Nov

Georgia imported 1.513 bn cu m of natural gas from Azerbaijan for Jan-Nov 2019. This figure is 4.9% more against the 2018 same term