Import of this equipment is exempt from customs duties

The Milli Majlis of Azerbaijan has approved the amendments to the Law on Customs Tariff in the 3rd reading.

Oil price goes up, Brent - $73.41 a barrel

Prices for oil of benchmark grades are declining in Monday’s trading after growth following the past week.

600 million tons of oil produced from ACG

SOCAR and an Italian bank sign agreement on raising finances

The State Oil Company of Azerbaijan (SOCAR) has signed an agreement on raising finances with Italian bank Intesa Sanpaolo.

Azerbaijan reduced import of swap gas from Turkmenistan by 73%

Over Jan-Oct 2024, Azerbaijan imported 354.12 million cu m of swap natural gas from Turkmenistan (73% less than the previous figure).

Azerbaijani oil has fallen slightly in price

Oil price is stable, Brent - $73.41 a barrel

Prices for oil of benchmark grades were stable in Friday’s trading after a slight decline the day before.

Population spent 3.12 bn manats on gasoline and diesel fuel for 11 months

Over Jan-Nov 2024, motor gasoline and diesel fuel for 3.12 bn manats were sold to consumers in Azerbaijan in the retail trade network.

Share of renewable energy in Azerbaijan's energy sector to reach 40% by 2035

In 10 years, solar panels have fallen in price to 90%

Oil price goes up, Brent - $73.70 a barrel

OPEC+ manages to increase oil production at expense of this country

Azerbaijan lags behind OPEC quota+ for November

In November 2024, Azerbaijan's daily oil production (with condensate) amounted to 80,771 tons.

BP and Shell cut investments in electric power industry

Large oil companies made profit of $214.5 bn in 10 months

The profit of the 9 largest oil companies in the world in the period from January to September decreased by 15.1% compared with Jan-Sept 2023 to nearly $182.15 bn.

Asian oil and gas companies replace European ones in Azerbaijan

To date, 648.4 million tons of oil produced from two fields in Azerbaijan

Price of Azerbaijani oil has grown

Azerbaijani crude oil Azeri Light (CIF) has increased in value at the world markets.

In 11 months, gas extraction totaled 45.8 bcm in Azerbaijan

According to operational data, oil and condensate production in Azerbaijan for Jan-Nov 2024 amounted to 26.5 million tons, and exports - 22.2 million tons.

Oil price goes up, Brent - $72.56 a barrel

Prices for oil of benchmark grades are rising in Wednesday's trading.

Management of South Gas Corridor entrusted to SOCAR