Energy - 2024
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In January-February 2024, Azerbaijan increased gas production by 2.5% up to 8.2 bcm compared to January-February 2023. During the reporting period, gas production volumes exceeded the January-February...
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The volume of production of liquid hydrocarbons in Azerbaijan continues to decline. In January-February 2024, oil production with condensate in Azerbaijanamounted to 4.8 million tons, the operational...
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In January-February 2024, Azerbaijan exported 4.1 bcm, the statement of the Ministry of Energy of Azerbaijan. The same time, the Ministry indicates that export volumes remained unchanged compared to...
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In January-February 2024, the JOCAP Operating Company (Joint Operating Company of Absheron Petroleum B.V.) produced 300 mcm of gas from the “Absheron” gas condensate field in the Caspian Sea. Accor...
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SOCAR Petroleum JSC (the "daughter" of the State Oil Company of Azerbaijan) has commissioned a gas station in the Agdash region. According to the company's press service, this is the first gas station...
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The State Tax Service of Azerbaijan has registered SOCAR Green LLC ("daughter" of SOCAR), the authorized capital of the company is $16.5 million. "On March 1, 2024, SOCAR Green LLC was registered w...
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Kazakhstan's Buzachi Neft LLP was fined over 500 million tenge (approximately $1.1 million) for exceeding emissions of pollutants into the atmosphere after the accident at the “Karaturun Vostochny” oi...
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Petrofac (UAE) has received a contract from “Turkmengaz” for the maintenance of facilities at the “Galkynysh” gas field, “Petrofac” wrote on its website. The new contract for the “Galkynysh” field...
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The US Department of Energy has sharply raised the forecast for the price of Brent oil for 2024-2025 due to the extension of production restrictions by OPEC+ countries. In 2024, the forecast for th...
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S&P Global Ratings analysts have lowered the forecast for benchmark oil prices for 2025 due to the expected oversupply. "We maintain Brent price forecasts for 2024 at $85 per barrel, noting geopolitic...









