Electricity production in Azerbaijan has increased

Over the past 2 months, 4.998 bn kWh of electricity was generated by thermal power plants (TPPs) in Azerbaijan, 178.1 million kWh from renewable sources of electricity, including water.

Cost of oil rises, and Brent is at $75.19 a barrel

Prices for oil of benchmark grades are increasing in Friday’s trading.

5.1 million tons of oil produced in Azerbaijan in two months

The oil production with condensate in Azerbaijan amounted to 5.1 million tons for the past 2 months.

Azerbaijan increased gas exports by 13%

Azerbaijan’s gas exports grew by 13% for Jan-Feb 2023 compared with the 2022 same term, ABC.AZ reports, referring to Energy Minister Parviz Shahbazov’s tweet.

Oil prices rise after strong fall the day before, Brent is at $74.59 a barrel

Prices for oil of benchmark grades prices are growing in Thursday’s trading after decline at the end of the previous session.

President: We to build a line to transmit green energy to Europe

Oil prices rise after falling the day before, Brent is at $78.23 a barrel

Prices for oil of benchmark grades are increasing in Wednesday’s trading after a serious drop following the last session.

Ilham Aliyev: BP to become investor in construction of a 240 MW solar power plant in Jabrayil

As for the power supply to the Sangachal terminal, which you are implementing jointly with BP, I can say that this project also originates from our policy in the field of renewable energy sources.

Ilham Aliyev: We have a plan to transform Nakhchivan into green energy zone

We have also a plan to transform Nakhchivan into a green energy zone, along with Karabakh and Eastern Zangazur

Ilham Aliyev: Transmission of electric energy is one of most important issues

The transmission of electric energy is one of the most important issues, because today our export capacity is limited with the capacity of transmission.

Azerbaijani President: We plan to expand our pipeline capacity

Some countries already start to receive electricity from Azerbaijan and, of course, natural gas starting something more than two years ago.

Ilham Aliyev: We supply many European countries with oil, oil products, petrochemicals

Azerbaijan was named recently, a year ago, less than a year ago, as a reliable partner in the energy sector for Europe by President of the European Commission Madamme Ursula von der Leyen.

President Ilham Aliyev: We already have pretty diversified geography of our gas supply

After the beginning of Russian-Ukrainian war, we got requests from more than 10 European countries with respect to gas supply or increase of existing gas supply.

Cost of oil drops, and Brent is at $79.84 a barrel

Prices for oil of benchmark grades are declining in Tuesday’s trading after falling at the end of the previous session.

Fitch updated oil price forecast

International rating agency Fitch has updated its forecasts regarding the oil price.

Oil price grows, and Brent is at $83.11 a barrel

Prices for oil of benchmark grades are increasing in Monday’s trading after decline following past week.

Liberated territories to be gasified

The State Oil Company of Azerbaijan (SOCAR) is working on four gasification projects in the liberated territories.

Population began to use green energy in Agali village

The priority tasks in the occupation-liberated districts are the construction, first of all, of social infrastructure. The energy supply of the region is the basis of its development.

Cost of oil drops, and Brent is at $81.11 a barrel

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

Gas prices in Europe drop 8-fold

A year has passed since the registration of the historical highest gas price in Europe. Over the year, the price has fallen more than 8 times.

Ilham Aliyev: Joint projects enabled Bulgaria to evolve into transit country for Azerbaijani gas

The energy sector is one of the areas of current cooperation.