Energy
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From January to May 2024, Azerbaijan imported 616.2 thousand tons of oil Russia, a third more compared to last year, Interfax reports. In monetary terms, the cost of imported Russian oil has also...
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1.11 billion barrels of oil were produced from the “Central Azeri” platform, commissioned in February 2005, as part of the full-scale development of the Azeri-Chirag-Guneshli (ACG) field, by July 1, 2...
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Yesterday, Azerbaijani Economy Minister Mikail Jabbarov held a meeting with Ahmed Moalim Figi, Somali Minister of Foreign Affairs and International Cooperation. They discussed issues related to bilat...
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Azerbaijani gas supplies to Serbia may be increased in the foreseeable future, the parties are currently discussing this issue, the Minister of Labor and Social Protection of the Population of Azerbai...
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The Memorandum of Understanding recently signed in Baku by SOCAR and the largest Slovenian gas supply company “Geoplin” is a framework document and in fact the first real step towards gas cooperation...
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SOCAR and “Srbijagas” have agreed to expand cooperation, and Azerbaijan and Serbia are also discussing increasing Azerbaijani oil supplies to Serbia,
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The Norwegian company “Equinor” has closed a deal to sell the State Oil Company of Azerbaijan (SOCAR) a 50% share in the Karabakh field development project in the Azerbaijani sector of the Caspian Sea...
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Azerbaijan is accelerating work to increase the share of renewable energy sources (RES) in the country's total energy balance. The goal set by Azerbaijan to achieve 30% of the share of renewable energ...
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Azerbaijan has invited Serbia to join the project for the transportation of "green" energy - the Caspian-Black Sea-European Green Energy Corridor, the Azerbaijani co-chairman of the IPC Sahil Babayev...
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The June gas extraction rate in the Russian Federation is 46.5 bcm, an increase of 7.6% by June 2023, follows from the data of “Rosstat.” According to Interfax, the weather has supported the use of ga...
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Kazakhstan intends to increase oil supplies via the Trans-Caspian International Transport Route (TCITR, or the Middle Corridor). Chairman of the Board of KMG Askhat Khasenov stated during a meeting w...
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The U.S. economy expanded by 2.8% in the second quarter on an annualized basis, according to a report from the country's Ministry of Commerce, which provided preliminary data. Analysts on average pred...
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The French oil and gas company “TotalEnergies” reduced its net profit by 7% year-on-year in the second quarter of 2024. Its net profit in April-June was $3.79 billion compared to $4.09 billion in the...
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Since January 2022, the economic effect for China from importing Russian oil, rather than black gold from the Middle East, has ranged from $14 billion to 18 billion, Rosneft CEO Igor Sechin said at th...
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The price of gas on the London stock exchange decreased by 2% yesterday, reaching $352 per 1 thousand cubic meters. Futures for August on the TTF index (gas hub in the Netherlands) were sold at $352.2...
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In the first half of the year, Azerbaijan sold $ 11.3 billion worth of oil and gas products on foreign markets (87.63% of the country's total exports), by 12.4% lower compared to January-June 2023.