Azerbaijan to reduce oil production from January 2019

Azerbaijan is likely to reduce oil production from January 2019 within the OPEC+ agreement

Azerbaijani leader funds AZN 10 million for upgrade of high-voltage power lines

Azerbaijani President Ilham Aliyev has signed a decree on the measures on reconstruction and improvement of high-voltage power lines

Azerbaijan’s head took part in opening of a new bitumen plant at Baku refinery

Prices for oil decline

Cost of a barrel of Azerbaijani oil grade Azeri Light has decreased by $2.68

Azerbaijan to disconnect electricity to power bill debtors on 25 December

Electric company Azerishig is to disconnect power supplying to bill debtor consumers

SOCAR Turkey and BP agree on creation of a new petrochemicals JV in Turkey

BP and SOCAR Turkey have signed a heads of agreement (HoA) to evaluate the creation of a joint venture that would build and operate a world-scale petrochemicals complex in Turkey

Prices for oil grow

Cost of a barrel of Azerbaijani oil grade Azeri Light has increased by $0.80

Prices for oil have slumped

Cost of a barrel of Azerbaijani oil grade Azeri Light has dropped by $2.61

BP agrees with Azerbaijani government on joint study of bioenergy potential

The Ministry of Energy of Azerbaijan and BP have signed the Memorandum on the joint study of the potential of renewable energy sources

Azerbaijan’s head funds AZN 30 million for increase of generation of electricity

Azerbaijani President Ilham Aliyev has signed an order on measures aimed at increasing generation of electricity

Prices for oil keep on falling

Cost of a barrel of Azerbaijani oil grade Azeri Light has dropped by $0.81

Oil declines in price

Cost of a barrel of Azerbaijani oil grade Azeri Light has dropped by $0.17

Private traders in Azerbaijan to be drawn to process of territorial use of alternative energy sources

The Ministry of Energy of Azerbaijan plans to complete drafting of the Law on Alternative Energy Sources next year

Cost of Azerbaijani oil has fallen

Cost of a barrel of Azerbaijani oil grade Azeri Light has dropped by $0.82

Russian Foreign Affairs Ministry comments on Qatar`s decision to withdraw from OPEC

Qatar`s decision to withdraw from OPEC will not affect the intensity of Russia`s cooperation with oil producing partner countries

OPEC cuts oil production by 11,000 bpd for November

Last month OPEC lowered oil production by 11,000 bpd to 32.965 million bpd

BP: Growth of production from Azeri–Chirag-Gunashli in 2019 not planned

Next year’s production from oilfield block Azeri-Chirag-Gunashli located in the Azerbaijani sector of the Caspian Sea is expected to be at the level of 2018

Price of Azerbaijani oil has risen

Cost of a barrel of Azerbaijani oil grade Azeri Light has grown by $0.49

OPEC increases its forecast on growth of oil supplies by countries out of cartel in 2018

OPEC predicts an increase in oil supplies by non-member countries in 2018 up to 60.03 million bpd that is by 170,000 bpd more versus the previous forecast

Azerbaijan has gasified another 25,430 apartments in new buildings

Azerbaijan’s national gas supplying operator Azerigaz continues gasification of new buildings

Azeri oil price has declined

Cost of Azerbaijani oil barrel Azeri LT CIF in the world market has decreased by $0.21