Energy - 2023
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Baku/05.05.23//Turan: Production of new gas reserves within the framework of Stage-3 development of the “Shah Deniz” field will begin within four years, Azerbaijani President Ilham Aliyev said."We exp...
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Baku/05.05.23//Turan: Azerbaijani President Ilham Aliyev called "absolutely realistic" plans to increase the volume of Azerbaijani gas supplies to Europe to 20 bcm by 2027. "We have signed a memorandu...
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Baku/05.05.23//Turan: The volume of oil and condensate pumping through the Baku-Tbilisi-Ceyhan (BTC)pipeline in the first quarter of 2023 amounted to 7 million tons (approximately 53 million barrels),...
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Baku/05.05.23//Turan: In the first quarter of 2023, production from the “Shah Deniz” field in the Azerbaijani sector of the Caspian Sea amounted to 7 bcm of gas, by 16.7% higher than in January-March....
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Baku/05.05.23//Turan: In the first quarter of 2023, 386 thousand barrels of oil were produced on an average daily basis at the Azeri-Chirag-Guneshli (ACG) block of fields. In January-March last year,....
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Baku/05.05.23//Turan: 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 2023 amounted to $2 billi...
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Baku/05.05.23//Turan: Intensive consultations are currently underway on a number of new projects that will contribute to the activities of the State Oil Company of Azerbaijan (SOCAR) in Albania and en...
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Baku/05.05.23//Turan: Turkey has discussed with “Gazprom” the postponement of part of payments after a sharp increase in gas prices, an agreement has been reached, Minister of Energy and Natural Resou...
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Baku/05.05.23//Turan: The British-Dutch oil and gas company “Shell” increased its net profit in the first quarter of 2023 by 22% compared to the same period of last year. The company's net profit in J...
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Baku/05.05.23//Turan: The meeting of the ministers of the OPEC+ alliance, scheduled for June 4, will be held in person, several delegates told Interfax.Earlier it was assumed that the meeting would be...
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Baku/05.05.23//Turan: Europe continues to replenish its underground gas storage facilities (UGS), their reserves have exceeded 60%, the data of the Association of Gas Infrastructure Operators of Europ...
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Baku/05.05.23//Turan: The price of gas futures in Europe decreased by 2.7% yesterday, amounting to about $ 407 per thousand cubic meters, data from the London ICE exchange.June (upcoming) futures on t...











