BP sold 25% to LUKOIL in the Shallow Absheron project

The Turkish state pipeline company BOTAS and the American corporation ExxonMobil signed an agreement on the supply of liquefied natural gas (LNG) to Turkiye on May 9 in Washington.

The price of electricity from renewable sources (RES) in Russia is already twice lower than when generating from coal-fired power plants, and therefore in all regions where there is the required natural potential, it is advisable to consider prioritizing carbon-free technologies, Alexey Zhikharev, Director of the Association for the Development of Renewable Energy (ARVE) announced.

The average price of Azeri Light crude oil based on CIF contracts decreased by $2.33 (2.67 percent) compared to the previous week and amounted to $ 85.01 per barrel. The maximum price for this period reached $85.23 per barrel, and the minimum price reached $84.55 per barrel.

Azerbaijani gas supplies to Bulgaria in 2024 will cover more than 55% of its annual needs, Azerbaijani Economy Minister Mikail Jabbarov said.