Energy - 2022
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The Ministers of Energy of Azerbaijan and Romania discussed the project of laying a submarine fiber-optic cable through Azerbaijan, Georgia along the bottom of the Black Sea to Romania. On Wednesday,...
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In April 2022, Azerbaijan's production quota under the OPEC + deal will increase by 7,000 bpd - up to 682,000 bpd, the country's Energy Ministry said. "Azerbaijan supported the decision of the OPEC+ m...
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SOCAR Polymer plants plan to increase production by 15.5% in 2022, SOCAR Acting President, First Vice President of the company Rovshan Najaf said.“In 2021, SOCAR Polymer plants produced a total of 205...
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SOCAR Marine (a subsidiary of the State Oil Company of Azerbaijan) has started selling marine fuel in the domestic market of Turkey, Deputy Vice President, SOCAR spokesman Ibrahim Ahmedov said.“SOCAR...
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Kazakhstan is interested in implementing new cooperative projects with Russia in the field of oil and gas engineering, Minister of Trade and Integration of Kazakhstan Bakhyt Sultanov said.As the press...
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Iran is ready to increase oil exports as soon as possible in order to stabilize the market, the Minister of Oil of the Republic Javad Ouji after the 26th meeting of the Ministers of the OPEC + countri...
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The Baltic energy system operators Elering, AST and Litgrid have reduced the capacity of electricity imports from Russia to 300 MW."The purpose of the reduction is to ensure the reliability of the Bal...
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The International Energy Agency (IEA) is disappointed with yesterday's decision of the OPEC + countries to maintain a plan to increase oil production quotas in April, said the head of the department,...
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The International Energy Agency has prepared a plan on how to reduce the import of Russian gas by the European Union by 50 billion cubic meters - that is, more than a third during the year, according...
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The price of Azerbaijani light oil of the Azeri Light brand on the terms of CIF delivery increased by $4.2 - up to $116.1 per barrel, sources in the oil market report. This is the highest price for Az...
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Large buyers are boycotting Russian oil because of the situation around Ukraine.According to the consulting company Energy Aspects, about 70% of Russian exported oil finds it difficult to find buyers....
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Yesterday, the prices of gas futures in Europe renewed their historical maximum and reached $2,279 per 1,000 cubic meters, according to the London-based ICE Futures exchange.The cost of April futures...
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World oil prices began to fall on Thursday evening after reaching record levels since at least 2013, investors switched their attention from the geopolitical agenda to the situation in negotiations be...












