Average oil price increased last week

In the second quarter of 2025 BP, the operator of gas and condensate production at the Caspian "Shah Deniz" field, plans to launch a project to build a special compressor platform for extracting additional gas from the contract area, Bakhtiyar Aslanbeyli, Vice President of BP-Azerbaijan for Communications and External Affairs in the Caspian region told journalists.

In January-July of this year, 22,771 thousand tons of oil were transported through pipelines in Azerbaijan, by 1.32% more than in the previous year. According to the monthly report of the State Statistics Committee, 75.4% of the transportation was conducted through the Baku-Tbilisi-Ceyhan (BTC) export pipeline, with 17,167 thousand tons of oil being pumped through this pipeline, a decrease of 2.5% compared to the previous year.

Türkiye expects to increase the volume of gas produced at its Black Sea fields from 6 to 10 mcm per day by April 2025, reports the “İhlas” agency, citing Türkiye's Minister of Energy and Natural Resources, Alparslan Bayraktar.

Kazakhstan increased maritime oil transportation through exports via Azerbaijan in the first half of 2024, according to the half-year report of JSC "KazMunayGas" (the national oil and gas company). During the reporting period, the volume of maritime oil transportation increased by 26.4 percent, reaching 6.618 million tons.