Azerbaijan’s oil products detained at customs? – Explanation

Petroleum products come to Azerbaijan through Afghan dealers and sometimes smugglers that negatively affects the control of quality of products

Oil falls in price, and Brent is at $42.10 a barrel

Oil is cheapening on Monday amid the news that Saudi Arabia`s state oil company, Saudi Aramco, intends to cut prices in October for all types of oil for buyers from Asia and the U.S.

Petkim`s general director: Petkim received 1 bn TRY for 6 months

During the pandemic we witnessed that many petrochemical plants and refineries around the world reduced production, and some temporarily stopped production

In 2nd quarter Petkim exported $100 million

Azerbaijan exported 705,700 tons of petroleum products this year

Over Jan-Jul 2020 Azerbaijan exported 705,797.94 tons of oil and petroleum products, including products with 70% or more content of oil or petroleum products, for $194.423 million

Oil rises in price, and Brent is at $45.17 a barrel

In Monday`s trading the benchmark oil prices are increasing amid expectations of an OPEC+ meeting this week

Azerigaz CEO: We agreed to benefits, but in response we saw quite a low percentage of payment

Russian gas exports to Europe declined much

Russian gas company Gazprom exported 78.9 bn cu m of natural gas to Europe in the 1st half of 2020, it is reported with reference to TASS

Oil price rises after decline the day before, and Brent is at $45.13 a barrel

On Friday, benchmark oil is rising moderately in price after decline following the previous trading

Shah Deniz gas production increased for 2020

In the first 6 months of 2020 Shah Deniz gas condensate field, together with the Alfa and Bravo platforms, produced about 9.4 bn cu m of gas and 1.9 million tons (15.4 million barrels) of condensate, ABC.AZ was informed at BP-Azerbaijan

For Jan-Jun South Caucasus Pipeline capacity increased by 17%

SOCAR delivered 1.3 bn cu m of associated gas from ACG

15 million tons of crude oil carried via BTC for past half-year

ACG production decreased by 7%

David Zalkaliani: Georgia is committed to idea of realizing Southern Gas Corridor Project

Regional cooperation is the main driving force for long-term and sustainable development, and the best example of this is the trilateral format of Azerbaijan-Georgia-Turkey cooperation

Construction of gas pipeline TAP finished by 97%

Since the beginning of the construction of Trans-Adriatic Gas Pipeline (TAP), designed for the transportation of Azerbaijani gas to Europe, the work has been completed by 97%

Oil cheapens slightly after rise up to 5-month peak, and Brent is at $45.23 a barrel

Benchmark oil prices in Thursday`s trading declined moderately after growth the day before up to the highest since March 2020 amid the data about the reduction of inventories in the U.S. for the third week in a row

OPEC did not change its forecast on oil production in Azerbaijan for this year

The next year, the average daily production of oil and other liquid hydrocarbons in Azerbaijan will be at the level of 0.72 million barrels

Nakhchivan generated 193.2 million kWh of electricity for Jan-Jun

11,300 tons of Azerbaijani oil delivered to Ukrainian refineries

In July 2020 the oil transit through the territory of Ukraine via main pipelines increased by 27.1% compared with the 2019 same period

Oil price rises, and Brent is at $44.67 a barrel

Benchmark oil prices are rising on Wednesday amid data from the American Petroleum Institute about a decline in U.S. inventories over the past week.