Energy - 2021
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President of Azerbaijan Ilham Aliyev signed the law "On the use of energy resources and energy efficiency." The law will come into force on July 1, 2022.According to the law, published on August 20 in...
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Oil production with gas condensate in Azerbaijan in January-July 2021 amounted to 20 million 96.2 thousand tons, which is 2.6% less than the same period last year.According to the State Statistics Com...
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Export of Azerbaijani gas from the Shah Deniz field in January-July 2021 amounted to 9 billion 775.2 million cubic meters, which is 40.8% higher than the same period last year.The share of gas exports...
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The Umid Babek Operating Company (UBOC) has completed drilling a new production well at the Umid field in the Azerbaijani sector of the Caspian Sea.“Production well U1-18 was drilled from the Umid-1 s...
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Turkey expects an increase in gas supplies via the Turkish Stream, President of the country Recep Tayyip Erdogan said in a telephone conversation with his Russian counterpart Vladimir Putin.Erdogan sa...
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To complete the construction of Nord Stream 2, it remains to lay 15 km of the gas pipeline, Russian President Vladimir Putin said at a joint press conference with German Chancellor Angela Merkel."Ther...
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US President Joe Biden signed a decree on August 20 allowing the American administration to impose restrictive measures aimed at Russian pipelines used to export energy resources.The decree, the text...
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Oil prices turned to decline in trading on Friday, ending the week with a fall of about 7%.The pressure on the market is exerted by the continuing fears of traders for demand for raw materials due to...







