Energy - 2024
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Azerbaijani President Ilham Aliyev said that the country managed to avoid the so-called oil curse faced by many countries with oil and gas reserves. "We have turned oil into development. We have ma...
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The EU looks forward to expanding cooperation with Azerbaijan in the energy sector, European Commissioner for Energy Kadri Simson said. "Azerbaijan has already proved that it is a reliable partner...
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Gas production in Azerbaijan in 2024 is planned at the level of 49 bcm, exports will exceed 24 bcm, Azerbaijani Energy Minister Parviz Shahbazov said on March 2 in Algeria at the summit of the Gas...
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Natural gas production from deep-lying formations (deep-gas) at the Azeri-Chirag-Guneshli (ACG) field block will begin in the first quarter of 2025, Azerbaijani President Ilham Aliyev said. “The extra...
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The expansion of the Southern Gas Corridor (SGC) will depend on the existing market needs, Azerbaijani Energy Minister Parviz Shahbazov said. "During the implementation of Stage 1 of the “Shah Deniz”...
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Azerbaijani President Ilham Aliyev said that Azerbaijan plans to use renewable energy sources to the maximum extent in ten years and reduce the consumption of natural gas inside the country. "I thi...
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LUKOIL has started the construction of a solar power plant in Kazakhstan, laying a commemorative capsule in the Almaty region. The project will provide energy supply to the production facilities of LU...
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Iran is ready to become a regional energy hub, Iranian President Ibrahim Raisi said on March 2 at the Forum of Gas Exporting Countries in Algeria. "We are ready to become an energy hub and ensure the...
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The countries of the Gas Exporting Countries Forum (GECF) agreed on a declaration during the next summit, where they expressed their common determination to support the fundamental role of long-term g...
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The number of operating oil and gas drilling rigs in the world increased in February for the second month in a row, Baker Hughes reports. On average, 1,813 installations were operating in the world la...
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The price of Brent crude oil may rise moderately in the second half of this year, and in early 2025 it will exceed $88 per barrel, analysts surveyed by “The Wall Street Journal” predict. According...










