Georgia increased oil imports from Azerbaijan

In 2023, this country increased purchases of crude oil from Azerbaijan by 67%

Azerbaijan increased crude oil exports to Germany by 67% in 2023.

Value of oil goes down, and Brent is at $78.22 a barrel

Prices for oil of benchmark grades are declining in Monday’s trading.

Azerbaijan discussed transition to green energy with a Singapore company

Azerbaijan discussed cooperation with the Singapore company on the transition to green energy and decarbonization.

Oil price goes up, and Brent is at $78.09 a barrel

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

New contracts for production of green energy signed in Nakhchivan

Contracts with various companies have been signed to ensure the production of green energy in Nakhchivan.

Green energy can be exported from Nakhchivan to this country

The possibilities of exporting green energy from the Nakhchivan Autonomous Republic to such a large market as Türkiye are being considered.

Last year, oil production drops, while gas extraction grew in Azerbaijan

In 2023, Azerbaijan produced 30.189 million tons of oil (together with gas condensate), which is 7.5% less than in 2022

Consumers increased purchase of gasoline and diesel fuel in 2023

Kazakhstan plans to pump 1.5 million tons of oil via BTC in 2024

Kazakhstan plans to export 1.5 million tons of oil via the Baku-Tbilisi-Ceyhan (BTC) route in 2024

Shell halts movement of ships in the Red Sea

UK’s oil & gas company Shell has decided to suspend all shipments through the Red Sea for an indefinite period

Oil price goes down, and Brent is at $77.69 a barrel

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

Power transmission project on two Latin villages to cost AZN 1.8 million

Azerishig OJSC has signed a contract with Şans Construction LLC in the amount of AZN 1.8 million.

Oil price goes down, and Brent is at $78.09 a barrel

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

Georgia to buy 3.017 bcm of natural gas from Azerbaijan

This year, 3.231 bcm of natural gas will be needed to meet Georgia's domestic demand. Of them, 99.6% will be purchased abroad.

Oil price goes up, and Brent is at $78.44 a barrel

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

Volumes of Azerbaijani gas pumping via TAP in 2023

The Trans-Adriatic Pipeline (TAP) transported 11.5 billion cubic meters of Azerbaijani gas in 2023

Electricity production at solar power plants increased

In 2023, Azerbaijan’s wind farm generated 56.6 million kWh of electricity (32.1% less than a year ago).

Transportation of Kazakh oil to port of Baku increased

In 2023, transportation of Kazakh oil for export from the port of Aktau amounted to 3.376 million tons (1.108 million tons more against 2022).

Oil keeps on rising in price, Brent is at $78.95 a barrel

Prices for oil of benchmark grades are actively increasing in Friday’s trading.

Azerbaijan lags behind OPEC+ quota by 204,000 b/d for December

Oil production in Azerbaijan in December 2023 amounted to 480,000 b/d.