Energy - 2024
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The State Oil Company of Azerbaijan has made the ninth payment in the amount of $1.125 million on the interest of SOCAR bondholders in the amount of $100 million placed in November 2021. According...
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The focus of exploration in 2024 will be on oil, analysts at “Wood Mackenzie” believe. "In 2024, we expect that about 70% of the volume of major discoveries will be in liquid hydrocarbons," the expert...
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The government of Azerbaijan has extended the validity period of zero customs duties on the import of jet fuel into the republic until December 31, 2024, the Cabinet of Ministers told Interfax-Azerbai...
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LUKOIL-Azerbaijan CJSC opened a new type of gas station in Baku on January 31, the company reports. "On January 31, the official opening a new type of LUKOIL-Azerbaijan gas station took place in th...
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Bilateral negotiations on the transportation of Turkmen gas to Europe via Turkiye were held in Ankara on January 29. According to the Turkish newspaper “Sabah”, the negotiations were attended by deleg...
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In 2023, Russia reduced natural gas production by 7.5% compared to the previous year, to 533 bcm, according to “Rosstat”. Last eyar, associated gas production increased by 4.3% - to 105 bcm. Thus, the...
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Algeria ranked second among the countries exporting natural gas through pipelines to the European Union by the end of 2023, Algerian Radio reported. Algeria's share among gas suppliers to EU countries...
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A report by the Japanese “Nikkei” newspaper published on Wednesday showed that Iranian oil supplies abroad in 2023 reached an average of 1.3 million barrels per day, by almost 50% more than in the pre...
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Gas reserves in underground storage facilities (UGS) in Europe have fallen below 71%; the total withdrawal from the EU UGS since the beginning of the heating season (November 7, 2023) amounted to 35....
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The oil cargo that arrived at the PBF refinery in Delaware consists of 10 thousand barrels of Russian oil. The mixture was made at storage terminals in the Bahamas. According to Morgan Butterfield,...
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In the fourth quarter of 2023, British-Dutch oil and gas company “Shell” increased adjusted profit by 17% compared to the previous quarter, although the market expected it to decrease. Profit in O...










