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Statement by Turan News Agency
If Turan Leaves…
SOCAR implements the Leucipa digital program to optimize production
Azerbaijan produced an average of 454 thousand barrels of crude oil at the beginning of 2025
Azerbaijan reduced gas exports by 300 million cubic meters in January
Azerbaijan’s oil exports decreased by 100 thousand tons in January
The number of Azerbaijani citizens employed by BP-Azerbaijan increased by 60 people in 2024
In January, consumers in Azerbaijan purchased automobile fuel worth 271 million manats
Georgia reduced gasoline imports from Russia in 2024
OPEC maintains its oil demand growth forecast
U.S. expects Brent oil price of $74.5 per barrel in 2025
Five EU countries paid €1.2 billion for energy resource supplies from Russia in January
OPEC: $10 trillion spent on the energy transition
U.S. Oil Stocks Increased by 4.07 Million Barrels in a Week
European Gas Prices Fell After Putin-Trump Phone Call
Home page
Energy
Energy
Energy News
14 February 2025
SOCAR implements the Leucipa digital program to optimize production
Azerbaijan produced an average of 454 thousand barrels of crude oil at the beginning of 2025
Azerbaijan reduced gas exports by 300 million cubic meters in January
Azerbaijan’s oil exports decreased by 100 thousand tons in January
The number of Azerbaijani citizens employed by BP-Azerbaijan increased by 60 people in 2024
In January, consumers in Azerbaijan purchased automobile fuel worth 271 million manats
Georgia reduced gasoline imports from Russia in 2024
OPEC maintains its oil demand growth forecast
U.S. expects Brent oil price of $74.5 per barrel in 2025
Five EU countries paid €1.2 billion for energy resource supplies from Russia in January
OPEC: $10 trillion spent on the energy transition
U.S. Oil Stocks Increased by 4.07 Million Barrels in a Week
European Gas Prices Fell After Putin-Trump Phone Call
Energy News
12 February 2025
Head of OMV Supports Gas Transit from Azerbaijan via Ukraine
In Azerbaijan, the Share of Condensate in Total Liquid Hydrocarbons Exceeded 18%
In 2024, Only 25.2% of Associated Gas Produced in Azerbaijan Was Converted into Marketable Volumes
The Current Budget of Azerbaijan’s State Oil Company Was Approved Only in February
In 2024, 47% of Georgia’s Electricity Imports Came from Azerbaijan
Electricity Generation in Armenia Increased by 6.5% in 2024
Turkmen Gas Supplies to Türkiye Will Start on March 1
Turkmenistan Announces Hydrocarbon Production Volumes for 2024
The Baltic States Have Connected Their Electrical Systems to the European Network
BP Ends Q4 2024 with a Net Loss
Since the Beginning of the Year, the Average Gas Price in Europe Has Reached $581
Energy News
10 February 2025
"Azneft" confirmed a leak on the underwater oil pipeline "Neft Dashlary – Dubendi"
Fitch forecasted SOCAR's revenue for 2024 to exceed $50 billion
In Azerbaijan, technical losses in the electricity distribution network amount to 8.5%
Azerbaijan has agreed with three countries on a draft memorandum for the export of green energy
China's foreign exchange reserves rise to $3.21 trillion
EU increases oil purchases from the US to a 10-year high
Baker Hughes: The number of oil and gas rigs worldwide increased to 1,696 in January
Gas storage levels in Europe fall below 50%
Energy News
7 February 2025
SOCAR and Crescent Petroleum explore cooperation opportunities
Slovenia seeks to deepen cooperation with Azerbaijan's State Oil Company
SOCAR Vice President on the company’s interest in exploration projects beyond Azerbaijan
BP and its partners’ investments in exploration projects in Azerbaijan reach $85 billion
New production well drilling begins at ACG
SOCAR Gas Stations in Shusha Now Offer EV Charging
TotalEnergies CEO: EU Won't Be Able to Replace 18 Million Tons of Russian LNG
Trump Aims to Physically Remove Iranian Oil from the Global Market
Kyrgyzstan and China sign energy agreements
Saudi Arabia to sharply raise oil prices in March
Bloomberg: European gas storage will only be 30-35% full by April
Energy News
5 February 2025
Approximately 43 million cubic meters of Azerbaijani gas were supplied daily via TANAP since the beginning of 2025
Azerbaijan and Tatarstan Discussed Cooperation in the Oil and Petrochemical Sectors
Azerbaijan Unveils Forecast Indicators for Renewable Energy Over the Next 10 Years
Agreement on Strategic Partnership Between Azerbaijan, Kazakhstan, and Uzbekistan in Green Energy Ratified
Procedures for Establishing Company to Supply Green Energy from Azerbaijan to Europe Completed
U.S. Energy Secretary Appointed a Major Shale Oil and Gas Businessman
China Imposes Retaliatory Tariffs on Coal, LNG, and Oil from the U.S.
OPEC+ Disregards Data from EIA and Rystad Energy
Gas Reserves in EU Underground Storage Fall Below 53%
Energy News
3 February 2025
BBC radio: Trump Begins Global Trade Wars
SOCAR Joins Israeli Gas Project in the Mediterranean
SOCAR Launches First Ground Gravity Survey
Bulgarian Regulator Increases Purchase Price for Azerbaijani Gas
Fitch Confirms Southern Gas Corridor CJSC Bond Rating at 'BBB-'
Azerbaijan's Oil Fund Also Manages Ministry of Finance's Assets
“Azərenerji” Builds 6 Mini-Hydroelectric Power Stations with a Capacity of 37.5 MW in the Liberated Territories
Türkiye Imports Record Amount of Oil from Russia in 2024
Uzbekistan Studies the Implementation of Drilling Fluid System, Drawing on Azerbaijan's Experience
Azerbaijan-Kyrgyzstan Fund Approves Financing for Small Hydropower Plant in Kyrgyzstan
Gas Exports from Russia via the "Turkish Stream" Set a Record
Gas Price in Europe Rises to $577 per 1000 Cubic Meters
Energy News
31 January 2025
Slovak Prime Minister called the possible transit of Azerbaijani gas through Ukraine a "bubble inflating"
The EU does not link negotiations on Ukraine with Russian gas supplies
SOCAR has started the transit of oil from the Caspian field "Kashagan"
Seismic surveys will be conducted at the "Shah Deniz" field to study changes in gas layers
Türkiye increased imports of Russian gas by 2.6% last year
Russia reduced oil production by 2.75% in 2024, increased exports by 2.43%
In 2024, more than half of Russia's LNG exports went to Europe
Kazakhstan plans to start shale oil production
Kazmortransflot increased oil transportation by 2.4 million tons in 2024
Norway's Pension Fund earned nearly $222 billion in profit in 2024
ADNOC becomes the fastest-growing brand in the global oil and gas sector
Shell’s Q4 profit falls below forecast
Gas storage levels in Europe fall below 55.5%
Energy News
29 January 2025
European Commission for the transit of non-Russian gas through Ukraine
Azerbaijan's gas event postponed by two months
When is the first low-pressure gas expected to be produced from the "Shah Deniz" field?
Azerbaijan's Oil Fund assets grew by nearly $4 billion last year
Ministry of Finance publishes Azerbaijan's state budget revenues from the oil and gas sector
In 2024, 82% of EBRD investments in Azerbaijan were directed towards the "green economy"
Russia's LNG export set a record in 2024
KazMunayGas sent the first batch of oil from Kashagan to Baku for BTC export
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OPEC maintains its oil demand growth forecast
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