Energy - 2020
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Baku/16.03.20/ Turan: World oil demand in 2020 risks showing the largest drop in history due to the Corona Virus and measures to prevent its spread, Bloomberg reports following an expert survey."Trave...
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The governments of the United States and Ukraine agreed on the supply of liquefied natural gas (LNG) to Ukraine through terminals in Poland in the amount of 6-8 billion cubic meters annually with its...
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Baku/16.03.20/ Turan: SOCAR Methanol LLC of the State Oil Company of Azerbaijan (SOCAR) will stop for scheduled maintenance in July – August 2020, SOCAR spokesman Ibrahim Ahmedov said.“In July-August,...
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Baku/16.03.20/ Turan: The average cost of oil production in Russia is $ 3-5 / barrel, and we have every reason to safely go through even a very long period of low prices; meanwhile, low oil prices wil...
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Baku/16.03.20/ Turan: Oil and gas revenues of the Russian budget in 2020 at current oil prices will decrease by about 2 trillion rubles, and the budget deficit will be about 0.9% of GDP, Russian Finan...
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Baku/16.03.20/ Turan: Russia currently does not see the conditions to return to discussing the resumption of the OPEC+ agreement on limiting oil production, Russian Energy Minister Alexander Novak tol...
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Baku/16.03.20/ Turan: Saudi Arabia's state-owned company Saudi Aramco reported on March 15 a decrease in net profit. In 2019, it decreased by $ 22.9 billion, or by 20.6%.Net income last year was $ 88....
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Baku/13.03.20/ Turan: Oil prices increased the fall during the March 12 auction on growing fears of falling demand.The cost of May Brent crude futures on the London ICE Futures exchange amounted to $...
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Baku/13.03.20/ Turan: In Azerbaijan, from 00:00 on March 13, the prices for premium gasoline brands Premium Euro-95 and Super Euro-98 were reduced.Prices for these types of gasoline are determined by...
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Baku/13.03.20/ Turan: Like any oil-producing country, Azerbaijan will also suffer from lower oil prices on world markets. This was stated by Azerbaijani Minister of Finance Samir Sharifov, commenting...
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Baku/13.03.20/ Turan: A tanker with Azerbaijani oil Azeri Light for the Mozyr oil refinery docked at the Ceyhan port on March 5 docked at the port of Odessa and stood under unloading, Belneftekhim pre...
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Baku/13.03.20/ Turan: SOCAR plans to export about 1.4 million tons of oil in 2020, Ibrahim Ahmedov, deputy head of the SOCAR's events and public relations department, said.“This year, SOCAR plans to e...
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Baku / 13.03.20 / Turan: The State Oil Company of Azerbaijan (SOCAR) sent Saudi Aramco an application for 3 million barrels of oil for its Star oil refinery in Turkey, unable to resist the proposed pr...
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Baku/11.03.20/ Turan: The economic indicators of two months are also very positive. GDP grew by 2.8 percent, and growth in the non-oil sector in January-February amounted to 6.7%. This was stated by P...
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Baku/11.03.20/ Turan: In February 2020, Azerbaijan daily produced an average of 750.6 thousand barrels, thereby fulfilling the obligations under OPEC + (769 thousand b / d, the Ministry of Energy said...
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Baku/11.03.20/ Turan: At a meeting yesterday, chaired by Prime Minister Ali Asadov, it was noted that, with the spread of the Corona Virus between the individual oil-producing countries, disagreements...















