Production at ACG declined almost by 12%

In the 3rd quarter of 2023, stable production at Azeri-Chirag-Guneshli (ACG) field complex continued safely and reliably, but daily production fell almost by 12%.

EU intends to cut gas imports from Russia

The EU countries intend to reduce the import of Russian natural gas to 40-45 bcm this year.

Oil price goes up, and Brent is at $85.40 a barrel

Prices for oil of benchmark grades are rising in Thursday's trading after decline following the previous three sessions.

Price of oil goes up, and Brent is at $85.25 a barrel

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

Azerbaijan increases gas exports to EU

Over Jan-Aug 2023 EU countries Italy, Greece and Bulgaria increased gas imports from Azerbaijan by 5.9% against 2022, up to 322,509 terajoules

Azerbaijan’s electricity exports grew 9-fold in 9 months

Electricity is in the 1st place in the list of non-oil sector products exported from January to September 2023.

WB: Oil price may exceed $150

The ongoing conflict between Israel and Hamas could lead to a dramatic surge in global oil prices exceeding $150 per barrel.

Oil gets more expensive, and Brent is at $86.79 a barrel

Prices for oil of benchmark grades are growing in Tuesday’s trading after a drop the day before.

Azerbaijan and WB discuss issue of expanding SGC

Azerbaijani Energy Minister Parviz Shahbazov discussed the issue of expanding the Southern Gas Corridor (SGC) at a meeting with Charles Joseph Cormier, Regional Director for Energy and Infrastructure of the World Bank.

Cost of oil goes down, and Brent is at $88.17 a barrel

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

Energy supply of border checkpoint in Gubadli district to cost 2 million manats

Energy Minister: TAP can supply Azerbaijani gas to more than 10 European countries

The Trans-Adriatic Pipeline (TAP) can supply Azerbaijani gas to more than 10 European countries.

Cost of oil up, and Brent is at $89.07 a barrel

Prices for oil of benchmark grades are increasing in Friday’s trading after falling the day before.

Azerbaijan plans to implement state program to reinforce country’s national energy grid

In the coming years, we plan to implement the state program, which provides reinforcement of our national energy grid in a short period of time.

Ilham Aliyev receives UAE delegation led by Minister of Industry & Advanced Technology

President Ilham Aliyev has received a UAE delegation led by Minister of Industry & Advanced Technology Sultan Ahmad Al Jaber.

Documents signed between Azerbaijani government and Masdar

The ceremony of signing of documents between the Government of Azerbaijan and UAE company Masdar has taken place today, with the participation of Azerbaijani President Ilham Aliyev.

Ali Asadov: Azerbaijan and Georgia make important contribution to Europe's energy security

Ilham Aliyev attended opening of Garadagh solar power plant

An official inauguration of the 230 MW Garadagh Solar Power Plant has been held today.

Price of oil goes down, and Brent is at $89.87 a barrel

Prices for oil of benchmark grades are declining in Thursday’s trading after a 2% rise the day before.

Fitch confirms SOCAR's BB+ rating

International rating agency Fitch Ratings has confirmed the rating of SOCAR at the level of BB+.

Oil price rises, and Brent is at $87.77 a barrel

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