Energy - 2022
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Azerbaijan exported 3.5 bcm of gas to Europe in January-April 2022, Energy Minister Parviz Shahbazov said. The Southern Gas Corridor has proved its strategic importance in a short period of time, prov...
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In June 2022, Azerbaijan's production quota under the OPEC + deal will increase by 7,000 bpd - up to 695,000 bpd.According to the message of the Ministry of Energy of the Republic of Azerbaijan, offic...
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Gordon Birrell, BP Executive Vice President for Production and Operations, has arrived in Azerbaijan. According to BP-Azerbaijan, this is one of Birrell's regular visits to Baku and a pre-planned busi...
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In the first quarter of 2022, 6 bcm of gas was produced from the Shah Deniz field in the Caspian, which is 17.6% more than in January-March 2021.According to BP-Azerbaijan (the operator of the Shah De...
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Oil production at the Azeri-Chirag-Guneshli (ACG) block of fields in the first quarter of 2022 amounted to about 39 million barrels (5.3 million tons), the quarterly report of BP-Azerbaijan (project o...
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In January-March 2022, the production association (PA) Azneft (SOCAR's production structure) exceeded the oil production plan by two percent. According to the PA, the quarterly plan for oil productio...
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Revenues to the State Oil Fund of Azerbaijan (SOFAR) from the sale of profitable oil and gas from the Azeri-Chirag-Guneshli (ACG) block in January-April 2022 amounted to $ 2 billion 898 million, by 2...
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On May 5, Minister of Energy of Azerbaijan Parviz Shahbazov had talks in Sofia with his Romanian counterpart Virgil Daniel Popescu and discussed the possibility of exporting "green" energy to Romania....
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Over the four months of 2022, Gazprom reduced gas exports to non-CIS countries by 26.9% compared to the same period last year.According to the company's official data, in January-April these deliverie...
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Kazakh Energy Minister Bolat Akchulakov said that the republic's losses in oil production due to the accident at the Caspian Pipeline Consortium will amount to no more than 350,000 tons.He explained t...
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There are no capacities in the world to replace oil from the Russian Federation due to the incomparably large volumes of Russian energy exports, said the OPEC Secretary General Mohammed Barkindo said...
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The head of European diplomacy, Josep Borrell, said that now the EU does not have any plans to refuse Russian gas. According to him, "if it is possible to replace oil, then everything is different wit...
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Gazprom said that due to the downtime of the offshore part of the Nord Stream 2 gas pipeline, the company decided to use the excess Russian onshore capacities of the project to develop gas supply to t...
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At the auction on May 5, the price of Brent oil rose by 3.5% and for the first time in two weeks reached $114 per barrel. Then prices dropped to $111 per barrel. At the beginning of this week, the pri...
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By the close of the trading session on Thursday, gas prices in Europe rose by almost 7%, to $1,205 per thousand cubic meters, according to data from the London ICE exchange. The growth was 6.9%.Gas pr...














