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.

Lukoil Absheron Exploration Ltd liquidated

Azerbaijan directed 83.4% of produced oil for export last year

Azerbaijan produced 30.2 million tons of oil (together with condensate) for 2023.

Azerbaijan unveils data on gas exported to Europe last year

In 2023, Azerbaijan produced 48.3 bcm of natural gas.

Azerbaijan exported 23.8 bcm last year - Minister

Last year, Azerbaijan exported 23.8 bcm of gas (5.3% more yoy).

New power plants to be built and put into operation in Nakhchivan this year

Prices for oil rise after decline, and Brent is at $77.36 a barrel

Prices for oil of benchmark grades are increasing in Thursday’s after a drop a day earlier.

Construction of 2 solar power plants to start in Azerbaijan by end of 2024