Energy - 2024
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Azerbaijan exported 2 billion 674.43 million cubic meters of gas to Türkiye in the first quarter of 2024, the report of the Turkish Energy Market Control and Regulation Authority (EPDC). This is 2.1%...
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Four bcm of gas were supplied via the Trans-Adriatic pipeline (TAP) in the first four months of 2024; 35 bcm of gas have been transported through the pipeline since the beginning of operation, the p...
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The State Oil Company of Azerbaijan (SOCAR) and the AD Ports Group company from the UAE discussed cooperation in the field of logistics of crude oil and petroleum products, as well as joint participat...
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Up to 300 companies from 37 countries have confirmed their participation in the Baku Energy Week, which will be held on June 4-6, Naila Aliyeva, Project Manager of Iteca Caspian, stated at a press co...
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On the eve of the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29), a special session "In the name of a green World" is included in th...
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Azerbaijan, Romania, Georgia and Hungary signed a memorandum on the establishment of a joint venture that will deal with the supply of “green energy” via a high-voltage cable under the Black Sea to th...
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The Russian Ministry of Energy has closed statistics on fuel production. The agency explained the refusal to publish the data by ensuring the information security of the petroleum products market in a...
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The ban on the supply of Russian liquefied natural gas (LNG), which is currently being discussed as part of the next EU sanctions package, will probably be introduced only after the end of the next he...
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The Japanese Inpex North Caspian Sea, which is a co-shareholder of NCOC (Kashagan), delivered the first batch of oil to Germany via the “Druzhba” pipeline in April 2024.
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The processing of raw materials at mini-refineries amounted to 149.9 thousand tons in this period, compared to 195.9 thousand tons in January-March 2023, the Argus agency reports.
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The American oil company “ConocoPhillips” has agreed to purchase “Marathon Oil” with an estimated enterprise value (EV) of $22.5 billion, press-release of the company. EV includes net debt of $5.4 bi...
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The conflict in Ukraine may lead to a constant increase in energy prices for Europe, which will further weaken the energy security of the region and make the European economy more sensitive to supply...
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The share of the oil and gas sector in the Azerbaijani economy currently is than 30%, Finance Minister Samir Sharifov said during the discussion of amendments to the law "On the Execution of the Stat...
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In January-April 2024, the average export price of one barrel of Azeri Light crude oil amounted to 87.3 US dollars, by 27.3 US dollars more than the price accepted when calculating the approved parame...
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“Azerenergy” JSC announced a tender for the construction of a small hydroelectric power plant (HPP) “Chaikend-2”, the Company posted on the public procurement portal. According to the announcement, “A...
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The total investment value of implemented and ongoing projects within the framework of the energy transition in Azerbaijan is 1.5 billion US dollars, Deputy Minister of Energy Samir Veliyev stated at...















