President received newly-appointed bp CEO

President of the Republic of Azerbaijan Ilham Aliyev has received newly appointed bp Chief Executive Officer Murray Auchincloss.

Azerbaijan falls behind OPEC+ quota by 75,000 b/d for February

In February 2024, daily oil production (with condensate) in Azerbaijan reached 598,000 barrels.

Oil price goes up, and Brent is at $82.53 a barrel

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

Kazakhstan plans to increase oil transit via BTC

Ganja Instrument-making Plant starts production of this meter

Azerbaijan has sold half of extracted gas

Azerbaijan has increased gas exports to Europe

Azerbaijan produced over 8 bcm of gas this year

Oil price goes up, and Brent is at $82.45 a barrel

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

Azerigaz head dismissed

There have been personnel changes in the Azerigaz production association.

Tax Service registers a subsidiary of SOCAR

The State Tax Service (under the Ministry of Economy of Azerbaijan) has registered SOCAR Green LLC.

Oil price goes down, and Brent is at $81.59 a barrel

Prices for oil of benchmark grades are declining in Monday’s trading after a drop following the past week.

Oil price goes down, Brent - $82.86 a barrel

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

BP discloses volume of investments in Azerbaijan

BP revealed the volume of investments in its projects implemented in Azerbaijan and the region.

Oil price goes up, Brent - $82.30 per barrel

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

SOFAZ's revenues from Shah Deniz decreased 6.82-fold

The State Oil Fund of Azerbaijan received revenue of $78.5 million for Jan-Feb 2024 from Shah Deniz field located in the Azerbaijani sector of the Caspian Sea

SOFAZ received $862 million from ACG in 2 months

Oil keeps on falling in price, Brent - $82.61 per barrel

Prices for oil of benchmark grades continued to decline in Tuesday’s trading after a drop at the end of the last session.

Price of oil changes slightly, Brent - $83.57 a barrel

The prices for oil of benchmark grades are changing in different directions in Monday’s trading after the rise following the past week.

Two stations to be constructed in Azerbaijan

Foundations for 2 plants with a total capacity of 760 MW will be laid on the eve of COP29, Energy Minister Parviz Shahbazov wrote on X

ACG deep gas production to begin in 1st quarter of 2025

Natural gas production will begin in the first quarter of next year as part of the project to develop the deepwater part of the Azeri-Chirag-Guneshli block.