Russia aims to produce 540 million tons of oil by 2050

Russia aims to produce 540 million tons of oil by 2050, but will coordinate production levels with OPEC+.

Crude oil Azeri Light has fallen in price

Oil keeps on going down, Brent - $72.82 per barrel

Prices for oil of benchmark grades continued to decline in Thursday’s trading after a drop the day before.

Iran expressed readiness to develop cooperation in energy sector with Russia and BRICS

Iran intends to develop cooperation with Russia and other BRICS countries in the energy sector.

Gas transit from Russia through Kazakhstan has increased significantly

China's Trina Solar has released a solar module made from 100% waste

Mikail Jabbarov: Hydropower potential actively develops in Karabakh and Eastern Zangezur

Steps have been taken to introduce the concepts of “smart city”, “smart village” and “green energy zone” on the occupation-liberated territories, and to create enterprises with foreign investments in the field of landscaping and decarbonization in these territories.

Global oil demand to exceed 120 million b/d by 2050

Global oil demand will reach 120.1 million b/d by 2050 (17.5%, or 17.9 million b/d more than at the end of 2023), ABC.AZ reports with refere to the annual OPEC review.

Oil price goes up, Brent - $74.98 per barrel

Prices for oil of benchmark grades are declining in Wednesday’s trading after a rise following the previous session.

Shell suspends hydrogen production project after Equinor – Reason

Shell has abandoned plans to build a low-carbon hydrogen plant on the west coast of Norway due to lack of demand.

Masdar anticipates liberalization of Azerbaijan's electricity market

Masdar, a leading renewable energy company, expects the liberalization of Azerbaijan's electricity market within the next four years.

Türkiye halves imports of Russian oil

Türkiye's purchase of Russian oil has halved.

Free gas promised to Moldovans in case of failure of referendum on European integration

Azerbaijani oil has fallen slightly in price

Azerbaijani oil has dropped in price at the world market.

Oil price goes up, Brent - $74.66 per barrel

Prices for oil of benchmark grades are increasing in Tuesday's trading.

First FPSO arrives in Türkiye to work at Sakarya field

Chaikend-2 small hydroelectric power plant to be built for 17 million manats

Azerenergy OJSC has signed an agreement with BCC Group CJSC for 17 million manats.

Azerbaijan’s regions consuming most of all gas – The list

In 2023, the population of Azerbaijan consumed 3.98 bcm of natural gas.

Oil price goes up, Brent - $75.03 per barrel

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

Azerbaijan sold electricity abroad at these prices in 8 months of 2024

The volume of Azerbaijan's electricity exports abroad for 8 months of 2024 has become known.

Reuters: Kiev agrees to transit Azerbaijani gas to EU from 2025

Kiev is ready to transfer gas from Azerbaijan to the EU as a transitional measure after expiration of the contract for gas transit from the Russian Federation.