Energy - 2021
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The State Oil Company of Azerbaijan (SOCAR) has sent an application to the Russian company Transneft for pumping 1,209 million tons of oil through the Baku-Novorossiysk oil pipeline in 2022 against 1....
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BP has started to implement the technology of three-dimensional visualization at facilities in the Caspian Sea."BP has begun the implementation of 3D visualization technology on the East Azeri and Wes...
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Azerbaijan exported 14 million 47 thousand tons of oil in January-June 2021, which is 4.5% less than the same period last year.According to the State Statistics Committee of Azerbaijan, the total cost...
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The production of oil products in Azerbaijan in January-July 2021 compared to the same period last year increased in monetary terms by 8.5% - up to 2 billion 417 million manats ($ 1 billion 421.7 mill...
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Stocks of commercial gas in Azerbaijan for July 1, 2021 amounted to 17 billion 409.9 million cubic meters."Of the indicated volume, 86.1% of commercial gas reserves were formed due to production, 13.9...
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On August 16, SOCAR and BP began drilling the first exploration well in the Shallow Water Absheron Peninsula (SWAP)."Drilling of the first exploration well in the shallow waters of the Absheron archip...
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Gazprom has raised the forecast for the average price of gas exports to the European non-CIS countries this year to $ 269.6 per thousand cubic meters. m. This is 30% more than the previous estimate, a...
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The Federal Court of Alaska ruled to ban drilling wells for oil production in the north of the state as part of the ConocoPhillips project. The measure was a response to a lawsuit by eco-activists cal...
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Yesterday, the minimum cost of a September futures contract for Brent oil on the London ICE exchange fell by 3.2% - to $ 65.84 per barrel. Oil futures last traded below $ 66 a barrel on May 21.Septemb...
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The price of gas in Europe accelerated the fall, reaching $480 per 1,000 cubic meters against the backdrop of a message from Gazprom about the possible start of gas supplies via Nord Stream 2 in 2021....
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In January-July 2021, electricity production in Azerbaijan amounted to 15.845 billion kWh, by 3.2% higher than the same period last year, the Ministry of Energy said.According to the ministry's operat...










