Period of tax relief for jet fuel imported in Azerbaijan extended

Oil price goes up, and Brent is at $80.84 a barrel

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

Oil price goes down, and Brent is at $82.19 a barrel

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

Oil price goes up, and Brent is at $82.09 a barrel

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

Italy's spending on Azerbaijani gas has increased

Italy's spending on Azerbaijani gas has increased significantly, reaching €619.2 million in November 2023, compared with €364.2 million in October.

Oil price goes up, and Brent is at $83.44 a barrel

Prices for oil of benchmark grades are increasing in Monday’s trading after last week’s rise.

Georgia reduced gas imports from Azerbaijan in 2023

In 2023, Georgia imported 2.254 million tons of natural gas (about 2.9 bcm), which is 0.2% less than in 2022.

Oil price goes down, and Brent is at $82.18 a barrel

Prices for oil of benchmark grades are declining in Friday’s trading after a 3% rise in the previous session.

Oil price goes up, and Brent is at $80.38 a barrel

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

Oil prices goes down, and Brent is at $79.44 a barrel

Prices for oil of benchmark grades keep on falling in Wednesday’s trading after a drop the day before.

bp launches its largest seismic research program in ACG

Starting from January 20, 2024, bp launched a 4D seismic exploration program at the Azeri-Chirag-Guneshli (ACG) field block in the Azerbaijani sector of the Caspian Sea.

Oil price goes up, and Brent is at $80.15 a barrel

Prices for oil of benchmark grades are rising slightly in Tuesday’s trading after a sharp jump the day before.

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