Energy - 2020
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Oil:For 2020, oil and condensate production is expected at 34.43 million tons, which is more than 3 million tons lower than in 2019. Azerbaijan has not seen such a rate of decline since 2012. For the...
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Baku/25.12.20/ Turan: Bulgaria will begin receiving natural gas from Azerbaijan from December 31, 2020, said Bulgarian Energy Minister Temenuzhka Petkova.“The agreement with Azerbaijan is an extremely...
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Baku/25.12.20/ Turan: Revenues of the state budget of Azerbaijan for 2021 are projected at 25 billion 427 million manats (an increase of 5.4% compared to the forecast for 2020), expenses - 28 billion...
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Baku/25.12.20/ Turan: President of SOCAR Rovnag Abdullayev is the Chairman of the Board of SOCAR Turkiye Enerji (Turkish subsidiary of SOCAR), the State Oil Company of Azerbaijan said."Starting in Dec...
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Baku/25.12.20/ Turan: The plans of the European Union to introduce cross-border carbon regulation contain elements of unfair competition, Russian President Vladimir Putin said at a meeting of the Stat...
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Baku/25.12.20/ Turan: Thermal coal used to generate electricity at thermal power plants has increased sharply in price over the past two months, as large consumers in China, India, South Korea and Jap...
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Baku/23.12.20/ Turan: Oil production in Russia by the end of 2020 will decrease by 8.4%, to 514 million tons, and gas - by 5%, to about 700 bcm. Deputy Prime Minister of the Russian Federation Alexand...
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Baku/23.12.20/ Turan: The Azerbaijani government has revised the forecast oil price in the state budget for 2021 and increased it to $ 40 per barrel.“The draft budget for the next year has been submit...
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Baku/23.12.20/ Turan: The construction of the onshore section of Nord Stream 2 has been completed, and this section of the gas pipeline is ready for operation. But the timing of their completion at se...
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Baku/23.12.20/ Turan: Price is the main deterrent when buying an electric car, as answered 83% of respondents surveyed as part of the study "The Future of Mobility 2020/2021" by Arthur D. Little.The a...
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Baku/23.12.20/ Turan: Gas exports from Azerbaijan in January-November 2020 amounted to 12 billion cubic meters, an increase of 14% compared to the same period last year.According to the Ministry of En...
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Baku/23.12.20/ Turan: The supplies of Azerbaijani gas from the Shah Deniz field to Turkey via the Trans-Anatolian Gas Pipeline (TANAP) have already reached a volume of about 8 billion cubic meters.Thi...
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Baku/23.12.20/ Turan: According to the operational data of the Ministry of Energy of Azerbaijan, in January-November 2020, the country produced 31.6 million tons of oil with condensate, which is 2.6 m...
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Baku/23.12.20/ Turan: SOCAR Petroleum CJSC (subsidiary of SOCAR) has increased the number of filling stations under the SOCAR brand in Azerbaijan to 37.According to SOCAR Petroleum, the commissioning...
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Baku/23.12.20/ Turan: In 2021, a transfer in the amount of 12.2 billion manats (at the current rate of $ 7.18 billion) is envisaged from the State Oil Fund of the Republic of Azerbaijan (SOFAZ) to the...














