Energy - 2022
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Active preparations are underway for the commercial launch of the Greece-Bulgaria interconnector (IGB). Since mid-June, tests have been carried out on the 182-kilometer pipeline route using natural ga...
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Cooperation between Russia and Iran in the energy sector has good prospects, today the two countries have schemes that allow them to work under sanctions, stated Russian Foreign Minister Sergei Lavro...
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Europe must urgently prepare for a complete cessation of natural gas supplies from Russia by taking measures to reduce consumption and maintain the performance of aging nuclear power plants, Fatih Bir...
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Britain has reduced the volume of gas imports from Russia by 75% compared to last year, British Minister of Enterprise, Energy and Industrial Strategy Quasi Kwarteng said on Thursday. "In the UK, we h...
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In May this year, OPEC + countries fulfilled the agreement by 256%, so oil production lags behind the permitted level by 2.7 million barrels per day, sources familiar with the report of the alliance's...
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The spot gas price on the London ICE exchange yesterday rose to $1,500 per 1,000 cubic meters, according to trading data. This is the highest figure since March this year.The July futures contract for...
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The SOCAR-KBR joint venture has signed a contract with BP Exploration for preliminary engineering design (FEED), overhaul and tender support services for the Shah Deniz Alpha (SDA) platform in Azerbai...
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Oil and gas revenues in 2022 should provide more than 40% of federal budget revenues, according to the draft main directions of the budget, tax and customs tariff policy of the Ministry of Finance for...
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In January-April 2022, oil and gas companies operating in Azerbaijan under PSA contracts (Production Sharing Agreements) paid income tax billion 168.3 million manats income tax to the state budget....
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The filling of European gas storage facilities has increased to 55% and reached 58.3 bcm, according to Gas Infrastructure Europe (GIE) data.As noted, restrictions on the supply of "blue fuel" from Rus...
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Kazmunaigas (KMG) and Lukoil signed an additional agreement on the Kalamkas-Sea and Khazar project during the St. Petersburg International Economic Forum (SPIEF).The document provides for work on the...
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In 2022, the government of Azerbaijan expects revenues to the state budget in the form of income tax on profits from oil and gas companies operating in the country under PSA contracts (Production Shar...
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In January-May 2022, SOCAR's “SOCAR Methanol LLC” produced 230.1 thousand tons of methanol, which is 4.9 times higher than the same period last year, the monthly report of the State Committee on Stati...
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The net income of the State Oil Fund of Azerbaijan (SOFAZ) from leasing the Akter Gallery shopping and office center in Moscow in 2021 amounted to 152 million 790.036 rubles (about $ 2.08 million with...
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Azerbaijan has great potential in the development of renewable energy. Vice President of Uniper Global Commodities SE Michael Gilmer said this yesterday at the German-Azerbaijani forum on sustainable...
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The European Bank for Reconstruction and Development (EBRD) will provide a loan in the amount of $105 million for the construction of a 240 MW wind farm in Azerbaijan. The loan borrower is ACWA Power...















