Energy - 2022
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The UK expects to deepen cooperation with Azerbaijan in various fields, British Export Minister Michael Freer said yesterday in London during the fifth meeting of the Joint Azerbaijani-British Intergo...
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In April 2022, India increased its oil imports by 14%, the data of the Indian Ministry of Commerce. In general, for four months the country imported 77.23 million tons of oil, which is 36% more than...
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The drilling of the third exploratory well in the shallow waters of the Absheron archipelago as part of the SWAP (Shallow Water Absheron Peninsula) project did not reveal economically effective hydroc...
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In 2023-2024, Azerenergy OJSC plans to connect the Nakhchivan power grid to the general energy system of Azerbaijan. Baba Rzayev, President of Azerenergy OJSC, said this.According to him, the process...
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The launch of the Greece-Bulgaria interconnector (IGB), through which Azerbaijani gas will be transported to Bulgaria, is expected in July this year, stated during a Bulgarian Prime Minister Kiril Pet...
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Gas from the Sakarya field in the Black Sea will begin to be supplied to consumers in Turkey as early as the first quarter of 2023, stated President Recep Tayyip Erdogan at the ceremony of launching t...
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The European Bank for Reconstruction and Development (EBRD) allocated 300 million euros to NJSC Naftogaz of Ukraine, of which 50 million euros are already available for emergency gas purchases.Accordi...
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Serbian President Aleksandar Vučić called on citizens to be prepared for a difficult winter, since the country will not be able to receive Russian oil from November."The country is preparing for a ha...
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The international rating agency Fitch Ratings has raised its estimate of the cost of oil for the coming years due to supply disruptions and increased demand for fuel."The European Union has banned imp...
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In May, OPEC countries reduced oil production by 176,000 barrels per day - to 28.5 million bpd, the organization's monthly report says.Most of all, production fell in Libya - by almost 200,000 bpd, to...
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The cost of August futures for Brent oil on the London ICE Futures exchange increased by 2.2% and rose to $125.02 per barrel. Compared to the close of the previous session, the price increased by $2.7...










