Energy - 2024
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Yesterday, the price of September Brent futures on the London ICE Futures exchange fell to $78.55 per barrel, by $1.23 (1.54%) lower than at the close of previous trading. WTI crude futures for Septem...
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The State Oil Company of Azerbaijan (SOCAR) and the Italian company Eni S.p.A will consider the possibilities of synergy and investment in new and existing upstream projects in Azerbaijan and the coun...
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Azerbaijan has maintained its leadership in terms of gas supplies to Türkiye for the second month in a row, the monthly report by the Turkish Energy Market Regulatory Authority (EPDK). Azerbaijan incr...
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Negotiations with Saudi Arabian companies that are ready to invest in the energy sector of Azerbaijan are underway. According to Ambassador Extraordinary and Plenipotentiary of the Kingdom of Saudi Ar...
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A pilot floating solar power plant with a capacity of 100 kW has been officially commissioned on the Lake Boyukshor in Baku.
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The first Turkish floating platform for gas production has left Singapore for Türkiye, Turkish Minister of Energy and Natural Resources Alparslan Bayraktar announced on his account on the social netw...
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Yesterday, Turkish Minister of Energy and Natural Resources Alparslan Bayraktar held talks in Turkmenistan on expanding cooperation in the field of energy.
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Sales of heavy trucks powered by compressed natural gas (CNG) in China increased from less than 10% to 30% of the market in the last months of 2023 and caused the replacement of more than 8% of diese...
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British BP Plc recorded a net loss in the second quarter of 2024, but increased adjusted profit and the amount of dividends. The net loss in April-June amounted to $129 million against a profit of $1....
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In the first half of 2024, the net loss of Gazprom's parent company amounted to 480.641 billion rubles after 255 billion rubles, according to Russian Accounting Standards (RAS.) The loss for January-...
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In the first half of 2024, LUKOIL's RAS net profit amounted to 345.8 billion rubles, by 25.4% less than the same period last year, the company's report says.
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Azerbaijani gas supplies to Türkiye will be suspended for several days due to maintenance on the export gas pipeline, the official message of the Turkish state pipeline company BOTAS made last Friday....
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SOCAR may start selling petroleum products produced in third countries to Pakistan at competitive prices this year, a source in the government of Azerbaijan said.
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In January-June of this year, 2 million 726.68 thousand tons of gas condensate were produced in Azerbaijan, by 7.4% more than in the first half of last year.
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“Azercontract” OJSC completed last year with a net profit of 41 million 703 thousand manats. The state-owned company completed 2022 with a net profit of 148 million 104 thousand manats. Thus, the net...
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Last Friday, the Ministry of Energy of Azerbaijan held a regular meeting of the Commission established by the relevant decree of the President of the country "On additional measures for the implementa...















