Oil prices change slightly, Brent - $73.28 a barrel

Prices for oil of benchmark grades are changing slightly in Wednesday’s trading.

Iranian company updates infrastructure of oil terminal on Kharg Island

The Iranian Oil Terminals Company (IOTC) is implementing new projects to improve the infrastructure for oil exports on Kharg Island

Oil production in Azerbaijan to drop by 3% this year

This year, oil production in our country will amount to 29.2 million tons

Commercial gas production in Azerbaijan has increased

In 2024, commercial gas production in Azerbaijan will total 37.8 bcm, ABC.AZ reports, referring to Accounts Chamber’s conclusion on the Bill on State Budget 2025.

Price of gasoline AI-95 to be regulated by state

It has been several months since the production of AI-95 gasoline began in Azerbaijan, which is sold at regulated prices for 1.60 manats.

Azerbaijani oil has risen in price

Azerbaijani oil Azeri Light (CIF) has grown in price at the world markets.

Oil goes up in price, Brent - $73.48 a barrel

Prices for oil of benchmark grades are rising in Tuesday’s trading after a 3% jump in the previous session.

Azerbaijan to reduce oil & gas revenues by 750 million manats

Revenues in the oil & gas sector in Azerbaijan will be reduced by 750 million manats.

Sinopec Corp and Saudi Aramco start construction of a refinery

Bayraktar: Akkuyu NPP to allow country to cut emissions into atmosphere

The commissioning of Türkiye’s first Akkuyu nuclear power plant will reduce emissions into the atmosphere by about 35 million tons of carbon dioxide per year.

Oil production in Azerbaijan to decrease

The continued decline in oil and commercial gas production in 2026-2028 (with exception of 2027) will lead to reduction in the oil & gas sector.

Production of this type of electricity in Azerbaijan to increase much

It is predicted that in 2028, 5,203.5 kWh of electricity will be generated at wind and solar power plants in Azerbaijan.

SOCAR has not paid the projected dividends for last 2 years

Data published on natural gas extracted in Azerbaijan in 10 months

Over past 10 months, 24.1 million tons of oil produced in Azerbaijan

Oil goes up in prices, Brent - $71.17 per barrel

Financial agreements signed on projects of solar energy for 760 MW

Within COP29, SOCAR Green LLC, Masdar (UAE), the EBRD, the ADB and the AIIB signed documents on financing two solar energy projects in Azerbaijan.

China's CHN Energy has connected the first batch of solar panels to the grid

Chinese company CHN Energy has successfully connected the first batch of solar panels to the grid as part of construction of a 1 GW offshore solar power plant in Kenli district of Shandong Province.

SOCAR begins eliminating methane leaks

Oil falls in price at end of week, Brent stops at $71.04 a barrel

Prices for oil of benchmark grades decreased following the last session and ended this week with a decline.

Egyptian minister: Southern countries can receive only 15% of their investments in green energy

Southern countries, which are home to 65% of the world's population, receive only 15% of investments allocated for green energy development.