Iran is ahead of Qatar in gas production from a joint field

The Islamic Republic has surpassed Qatar in gas production at the South Pars field, which is common to the two countries in the Persian Gulf.

Western countries want Azerbaijan to submit issue of phasing out fossil fuels to COP 29

Western countries are putting pressure on Azerbaijan to submit to COP 29 the issue of imposing strict requirements for phasing out fossil fuels.

Oil production in Azerbaijan dropped by 4.6% in 8 months

Production of oil with gas condensate in Azerbaijan for Jan-Aug 2024 reached 19.30 million tons (4.6% less versus Jan-Aug 2023), including production of commercial oil with condensate declined by 4.4% to 19.26 million tons.

Oil price is stable after last week's growth, Brent - $71.63 per barrel

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

Growth on production of gasoline and diesel fuel observed in Azerbaijan

For Jan-Aug 2024, Azerbaijan manufactured oil products for 3.443 billion manats (3.1% more against the 2023 same term)

Azerbaijan lowers imports of Turkmen crude oil by 76%

Azerbaijan reduced crude oil imports from Turkmenistan by 76% for Jan-Jun 2024.

Caspian Pipeline Consortium increases oil transportation

The volume of oil transportation through the Caspian Pipeline Consortium (CPC) system has increased compared with last year.

Nigerian army prevents theft of 198,000 tons of oil

Nigerian army units have disrupted a large illegal oil bunkering operation in the southern region of the country.

Oil price goes up, Brent - $72.44 per barrel

Prices for oil of benchmark grades keep on rising in Friday’s trading.

EBRD allocated $60 million to Türkiye for development of renewable energy

The European Bank for Reconstruction and Development (EBRD) has given a US$ 60 million loan to Turkish company Borusan EnBW Enerji for development and construction of 116 MW wind power facilities in Sivas and Tekirdag.

To maintain balance of payments, price of Azeri Light should be in range of $40-45 a barrel

To maintain Azerbaijan's balance of payments, the price of a barrel of Azeri Light oil on the world market should vary between $40-$45.

Average oil price in 2024 is comfortable for Azerbaijan

The average oil price in 2024 is comfortable for Azerbaijan.

Bayraktar: If Ukraine does not extend agreement, gas in voluem of 16 bcm will flow to Europe through Turkish stream

Oil price goes up, and Brent - $71.10 a barrel

Prices for oil of benchmark grades continue rising in Thursday’s trading after growth the day before.

This year, population has spent more than 2 bn manats on gasoline and diesel fuel

The amount of revenue from the sale of automobile fuel in the retail chain of Azerbaijan for Jan-Aug 2024 has become known.

EU declares readiness to decline fully from Russian gas

Azerbaijan bought gasoline AI-95 abroad for 14% more expensive in 1st half of 2024

In the 1st half of this year, Azerbaijan reduced imports of premium gasoline (AI-95) by 14%.

Bloomberg: Europe prepares for latest Russian gas supplies through Ukraine

Oil prices rise after the fall, Brent - $69.64 per barrel

Prices for oil of benchmark grades are increasing in Wednesday’s trading after the collapse the day before to the lowest since December 2021.

Renewable energy made up 55% of electricity generated in NAR in 8 months

Azerbaijan falls behind OPEC+ quota for August