Energy - 2023
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In November 2023, oil production in Azerbaijan amounted to 492 thousand b/d against the 489 thousand b/d in October 2023, the Ministry of Energy of the Republic of Azerbaijan reports.
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In January-November 2023, Azerbaijan produced 44 bcm of gas. Gas production in Azerbaijan increased by 1.5 bcm or 3.6% in 11 months of 2023, the Ministry of Energy of the Republic of Azerbaijan.
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OPEC has maintained its forecast for the average daily production of liquid hydrocarbons in Azerbaijan in 2023-2024 at the level of 0.7 million barrels, which corresponds to the actual indicator of 20...
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The cost of oil production at SOCAR's fields in 2022 increased by 12.1% compared to 2021 - to 129.45 manats ($76.1 at the current exchange rate) per ton, the company's annual report for 2022, publish...
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In January-October 2023, Azerbaijan imported 69 thousand 430.84 tons of Premium Euro-95 gasoline, by 24.7% lower than in the 10 months of 2022, the State Statistics Committee told Interfax-Azerbaijan....
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Mikail Jabbarov, Minister of Economy of Azerbaijan, held a meeting in London with Jürgen Rigterink, the EBRD's First Vice President and the Head of its Client Services Group. During the meeting, Jabba...
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On Wednesday, the participating countries of the COP28 climate summit approved without objection the final document proposed by the United Arab Emirates and prescribing the abandonment of the use of f...
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Bernard Looney, who resigned as chief executive officer of BP Plc in September, will receive about 32.4 million pounds ($40.9 million) less from his former company, press-release by BP. Looney left t...
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OPEC countries produced 27.837 million barrels of oil per day in November, by 57 thousand b/d less than in October, the organization's monthly report.
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Commercial oil reserves in the United States decreased by 4,259 million barrels last week, the weekly report of the country's Ministry of Energy. Analysts predicted a reduction of just 0.65 million b...









