Energy - 2024
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The head of the European Commission (EC) Ursula von der Leyen said that due to the aggravation of EU relations with the Russian Federation against the background of events in Ukraine, the European Uni...
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In 2023, “Rosneft” produced 106 bcm of gas. "We have reached the maximum historical record that we have produced 106 bcm of gas, and our market share was 14%," said Sergey Menzhinsky, First Vice Presi...
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On January 26, oil prices improved their dynamics and ended the week in positive territory amid tensions in the Middle East. The price of March Brent crude futures on the London ICE Futures exchange a...
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In January-November 2023, Italy reduced the cost of oil imports from Azerbaijan by 1% to about $6.7 billion compared to the same period in 2022. During the reporting period, Italy imported Azeri Li...
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In January-November 2023, the countries of the European Union (EU) imported about 216.3 thousand tons of methanol from Azerbaijan, by 5.3% less than in the same period of 2022. In value terms, ship...
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The Agency for the Development of Economic Zones (IZIA) will allocate 185 million 583.089 thousand manats for the construction of electrical installations and electrical installation work in the indus...
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Russia continues to reorient gas exports to new markets with an emphasis on the countries of the Asia-Pacific region, Russian Deputy Prime Minister Alexander Novak said. “We are rapidly increasing ga...
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Turkmenistan occupies a prominent position in the field of exports of both natural gas and electricity due to existing and under construction generating capacities, Turkish Ambassador to Turkmenistan...
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Ukraine does not intend to extend the agreement on the transit of Russian gas to Europe, however, transit will be possible after this period, provided that the recipient leases the capacity of the gas...
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Italy and Belgium are the main buyers of liquefied natural gas (LNG) from Qatar in Europe — for 11 months of last year they accounted for almost 70% of all Qatari exports in monetary terms. Italy,...
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World oil prices are rising on Thursday afternoon on concerns about the situation in the Red Sea, according to ICE trading data. Yesterday, the price of March futures for Brent crude oil exceeded $...
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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...















