Oil production in Azerbaijan lowered by 7%

Azerbaijan produced 20.3 million tons of oil and gas condensate and exported 17 million tons of them in the past 8 months of this year.

Azerbaijan has increased gas exports

Gas exports from Azerbaijan increased by 9% for Jan-Aug 2023.

Oil price goes up, and Brent is at $91.03 a barrel

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

Oil price goes down, and Brent is at $90.59 a barrel

Prices for oil of benchmark grades are declining at Monday’s trading after last week’s growth.

Azerbaijan lags behind OPEC+ quota by 184,000 barrels for August

In August 2023, the average daily oil production in Azerbaijan was at the level of 500,000 barrels.

Cost of oil goes down, and Brent is at $89.39 a barrel

Prices for oil of benchmark grades are declining at Friday’s trading.

Greek company transporting Iranian oil fined

Greek shipping company Empire Navigation pleaded guilty in the case of transportation of crude oil from Iran bypassing US sanctions and agreed to pay a fine of $2.4 million

Oil price goes down, and Brent is at $90.28 a barrel

Prices for oil of benchmark grade are falling at Thursday’s trading.

SOFAZ revenues from Shah Deniz increased

The revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) from gas condensate field Shah Deniz (sale of gas and condensate) amounted to $1.183 billion for Jan-Aug 2023.

SOFAZ's revenues from ACG decreased

Cost of oil goes up, and Brent is at $90.16 a barrel

Moody's raised SOCAR's basic credit score

International rating agency Moody's Investors Service has raised the basic credit rating (BCA) of the State Oil Company of Azerbaijan (SOCAR) from ba3 to ba2.

Volume of Azerbaijani gas carried via TAP published

Azerbaijan highly appreciates IsDB’s energy projects

Azerbaijan highly appreciates IsDB’s energy projects in the domestic energy sector.

MP: Increase in oil prices affects growth of state assets of Azerbaijan

Oil gets cheaper, and Brent is at $88.89 a barrel

Prices for oil of benchmark grades are falling slightly at Tuesday’s trading.

Oil price is stable, and Brent is at $88.51 a barrel

Prices for oil of benchmark grades are changing slightly at Monday’s auction after the rise following the past week.

Brent at $87.03 as oil rises

Benchmark oil prices are rising during the trading on Friday.

Absheron field will play a crucial role in realizing Azerbaijan’s energy potential - Mikayil Jabbarov

The Absheron gas condensate field will play a crucial role in enhancing Azerbaijan's economic resilience, Minister of Economy Mikayil Jabbarov wrote on X.

President Ilham Aliyev receives Chief Executive Officer of TotalEnergies

On August 31, President of Azerbaijan Ilham Aliyev received Chief Executive Officer of TotalEnergies Patrick Pouyanné.

EU countries import 75,760 tons of carbamide from Azerbaijan

In the first half of 2023, the countries of the European Union (EU) imported 75,760 tons of carbamide from Azerbaijan for 30.174 million euros.