Energy - 2020
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Baku/06.04.20/ Turan: The meeting of OPEC + ministers was rescheduled for April 9 in a video conference format. The purpose of this meeting is to stabilize the oil market.At the meeting, it is planned...
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Baku/06.04.20/ Turan: US President Donald Trump believes that low world oil prices will force Russia and Saudi Arabia to reduce oil production."They (Russia and Saudi Arabia - ed.) increased oil produ...
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Baku/06.04.20/ Turan: Trump said after conversations with Russian and Saudi leaders that Saudi Arabia and Russia agreed to reduce production by an unprecedented 10-15 million barrels per day, which is...
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Baku/06.04.20/ Turan: Iraqi Oil Minister Tamer al-Gadban is optimistic about the possibility of reaching a new agreement to reduce oil supply on the world market, CNBC Arab Service reports citing a st...
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Baku/06.04.20/ Turan: The actions of Saudi Arabia, which made unprecedented discounts in the price of oil, threaten to overfill the oil storage facilities and drop these prices to the minimum level, R...
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Baku/06.04.20/ Turan: Saudi Arabia fundamentally disagrees with the Russian interpretation of events in the oil market over the past month.The words of Russian President Vladimir Putin at a meeting on...
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Baku/06.04.20/ Turan: Oil production in the conditions of falling demand needs to be reduced by about 10 million barrels per day from the level of the first quarter of this year, and this should be do...
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Baku/06.04.20/ Turan: Russian President Vladimir Putin instructed the head of the Ministry of Energy, Alexander Novak, to negotiate with foreign partners to achieve a balanced solution to the price of...
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Baku/06.04.20/ Turan: The State Oil Fund of the Azerbaijan Republic (SOFAZ) received a total of $ 2,834 million from the sale of profitable gas from the Shah Deniz field, the SOFAZ website reported.In...
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Baku/06.04.20/ Turan: The State Oil Company of Azerbaijan has been changing the duty schedule at offshore facilities since April 10, the company’s president Rovnag Abdullayev said.Last week, Abdullaye...
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Baku/06.04.20/ Turan: The limit of preferential electricity consumption for the category of population in Azerbaijan is increasing by 100 kW / h. The growth was 33.3%.This is reflected in the program...
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Baku/06.04.20/ Turan: The Public Services Regulatory Commission (PSRC) of Armenia received a request from Gazprom Armenia (a 100% subsidiary of PJSC Gazprom) to review the price of gas supplied."We ha...
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Baku/06.04.20/ Turan: The level of oil prices in the medium term will be determined by a number of factors, in particular, general economic factors (the global economic growth rate, the situation in t...
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Baku/06.04.20/ Turan: The Ministry of National Economy of Kazakhstan expects oil production at 86 million tons in 2020.Due to lower world oil prices, the Ministry of National Economy of Kazakhstan low...
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Baku/06.04.20/ Turan: In March, Gazprom Group produced 38.3 billion cubic meters, and exports to non-CIS countries could drop to 13-13.5 billion cubic metersIn conditions of unprecedentedly warm weath...
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Baku/06.04.20/ Turan: US President Donald Trump did not rule out that he could introduce duties on imported oil in order to protect the country's energy sector."If I need to introduce duties or do som...















