WB cuts its forecast on average oil price for 2019-20

The World Bank has lowered its forecast on the average price for oil for the next two years

Cost of Azerbaijani oil has declined

The price of a barrel of Azerbaijani oil grade Azeri Light has decreased by $0.06

Prices for oil grow

Cost of a barrel of Azerbaijani oil grade Azeri Light has increased by $1.42

Gas extraction from Shah Deniz field in Azerbaijan sector of Caspian reaches 100 bn cu m

Azerbaijan extracted 100 bn cu m of gas from gas condensate field Shah Deniz

Oil prices rise

Cost of a barrel of Azerbaijani oil grade Azeri Light has increased by $1.93

Almost 28,000 apartments in new buildings receive gas first time in Azerbaijan

Azerigaz, a gas supplying sub-company of the State Oil Company of Azerbaijan continues gasification of new buildings

Electricity exports from Azerbaijan has grown almost by 15%

In 2018, generation of electricity in Azerbaijan totaled 22.52 bn kWh

Four services of Energy Ministry become electronic

Four services of Energy Ministry become electronic

OPEC president: Baku to host a regular OPEC+ meeting in Q1

OPEC president: Baku to host a regular OPEC+ meeting in Q1

Azerbaijan to reduce oil production from January 2019

Azerbaijan is likely to reduce oil production from January 2019 within the OPEC+ agreement

Azerbaijani leader funds AZN 10 million for upgrade of high-voltage power lines

Azerbaijani President Ilham Aliyev has signed a decree on the measures on reconstruction and improvement of high-voltage power lines

Azerbaijan’s head took part in opening of a new bitumen plant at Baku refinery

Prices for oil decline

Cost of a barrel of Azerbaijani oil grade Azeri Light has decreased by $2.68

Azerbaijan to disconnect electricity to power bill debtors on 25 December

Electric company Azerishig is to disconnect power supplying to bill debtor consumers

SOCAR Turkey and BP agree on creation of a new petrochemicals JV in Turkey

BP and SOCAR Turkey have signed a heads of agreement (HoA) to evaluate the creation of a joint venture that would build and operate a world-scale petrochemicals complex in Turkey

Prices for oil grow

Cost of a barrel of Azerbaijani oil grade Azeri Light has increased by $0.80

Prices for oil have slumped

Cost of a barrel of Azerbaijani oil grade Azeri Light has dropped by $2.61

BP agrees with Azerbaijani government on joint study of bioenergy potential

The Ministry of Energy of Azerbaijan and BP have signed the Memorandum on the joint study of the potential of renewable energy sources

Azerbaijan’s head funds AZN 30 million for increase of generation of electricity

Azerbaijani President Ilham Aliyev has signed an order on measures aimed at increasing generation of electricity

Prices for oil keep on falling

Cost of a barrel of Azerbaijani oil grade Azeri Light has dropped by $0.81

Oil declines in price

Cost of a barrel of Azerbaijani oil grade Azeri Light has dropped by $0.17