Energy - 2024
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The final decision on the expansion of the Trans-Adriatic Gas Pipeline consortium (TAP), through which Azerbaijani natural gas is transported to Europe, and its five members, i.e. the shareholders of...
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BP has started implementing a four-dimensional (4D) seismic exploration program at the Azeri-Chirag-Guneshli (ACG) field block in the Azerbaijani sector of the Caspian Sea since January 20, 2024. "...
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The government of Azerbaijan predicts oil production in the country in 2027 at the level of 26 million 899.2 thousand tons, by 8.8% lower than the forecast for 2024.
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Another modular gas station under the SOCAR brand has been commissioned in Fizuli. According to SOCAR Petroleum, the station is conveniently located for drivers of vehicles using the Hajikabul-Behremt...
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In 2023, Azerbaijan Caspian Shipping Company (ASCO) CJSC transported 4.9 million tons of oil and petroleum products by tankers, the ASCO information on the results of cargo transportation for 2023. At...
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The total volume of transfers to the state budget of Azerbaijan from the State Oil Fund (SOFAZ) from 2003 to December 31, 2023 amounted to 143 billion 150.9 million manats. According to the Fund, in 2...
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A delegation of the Turkish state oil and gas company “Botas” will visit Russia this week to hold talks on the creation of a gas hub on the territory of the republic. According to the TRT Haber TV...
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Oil refining volumes have fallen in Russia, “Bloomberg” writes. It is clarified that from January 11 to 17, 11 thousand barrels per day were processed less than in the period in early January. Bloo...
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In 2023, Uzbekistan supplied natural gas to China for $563.54 million, which is almost half the volume for 2022 - $1.07 billion, the “Newspaper.uz" reported referring to the data of the General Cust...
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The consensus forecast prepared by “Gazprom” assumes an increase in global energy consumption by 22% by 2050, while the volume of oil use will decrease by 24%, and gas consumption will increase by 26%...
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On Tuesday, oil prices remain in the red, but have moved away from intraday lows. The price of March Brent futures on the London ICE Futures exchange was $79.69 per barrel, by $0.38 (0.46%) lower t...










