Energy - 2024
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After a heavy snowfall that lasted two days, significant power outages affected Lankaran, Astara, Masalli, Lerik and Yardimli districts, as a result of which more than 80% of these regions were left w...
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About 11.5 bcm of natural gas were exported to Europe via the Trans-Adriatic Pipeline (TAP) in 2023, according to TAP AG, the company responsible for the construction and operation of the TAP gas pipe...
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In July-December 2023, the JOCAP Operating Company (Joint Operating Company of Absheron Petroleum B.V.) produced 800 mcm of gas from the “Absheron” gas condensate field in the Caspian Sea. According t...
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In December 2023, oil production in Azerbaijan amounted to 480 thousand barrels per day, the Platts review conducted by S&P Global Commodity Insights. By December, Azerbaijan's quota for oil produc...
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“KazTransOil” JSC exported 3.376 million tons of oil from the Kazakh port of Aktau in 2023, by three times more than in 2022, the company's press service reported. Thus, the volume of oil transport...
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Lukoil Absheron Exploration Limited (a subsidiary of the Russian oil company “LUKOIL”) announced the liquidation of its representative office in Azerbaijan.
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In 2023, 1,199,375 natural gas consumers in the population category in Azerbaijan, that is, 47.1% of the total number of subscribers, did not exceed the consumption limit at the tariff of 0.12 manats...
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On Thursday, the Azerbaijani Energy Minister Parviz Shahbazov held a meeting with the World Bank (WB) Practice Manager Stephanie Gil. The parties discussed the issues on developing partnership in the...
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Large-scale power outages were recorded in the southern regions of Azerbaijan against the background of snowy weather. About 80 percent of Lankaran, Astara and Masalli regions, as well as Lerik and Ya...
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In 2023, Azerbaijan produced 29,276.6 million kWh of electricity, by 272.3 million kWh or 0.9% more than in 2022, Energy Minister Parviz Shahbazov wrote on his page on the social network "X". Accordi...
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Swap supplies of Turkmen gas in transit through Iran do not violate anti-Iranian sanctions, U.S. Ambassador to Turkmenistan Matthew Klimow said at a press conference in Ashgabat last Thursday. When...
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EU member states continue to purchase Russian oil, but at record prices and through India, “The Independent” newspaper claims. It is reported that the supply of "black gold" from India to the European...
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The Yemeni “Houthis” mistakenly launched a missile attack on a Panamanian-flagged tanker carrying Russian oil, “Reuters” reported on January 13 with reference to the British company “Ambrey”, which d...












