Energy - 2023
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In January-November 2023, the volume of oil pumping through the Baku-Tbilisi-Ceyhan (BTC) pipeline amounted to 27 million 635.3 thousand tons, by 1.9% higher than in 11 months of 2022.
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SOCAR and bp have agreed to cooperate in reducing methane levels in the oil and gas sector of Azerbaijan. "At a joint event on December 15, SOCAR and bp announced a new cooperation initiative aimed at...
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The OPEC Fund has approved the allocation of a loan in the amount of $50 million for the construction of a 240 MW wind farm (WF) in Azerbaijan. According to the Fund, the borrower of the loan is ACWA...
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The price of natural gas supplied from Russia to Armenia will not change in 2024, Armenian Deputy Prime Minister Mher Grigoryan said. "As of now, we have accurate information that the price of gas at...
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“Gazprom” supplied about 19 bcm to China via the Power of Siberia gas pipeline in 10 months of 2023 and by the end of the year it will exceed the planned volume determined by the contract of 22 bcm of...
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On Friday, gas prices on the European market ended trading with a decrease of 3.3%, to $ 380 per thousand cubic meters, data from the London ICE exchange.
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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...















