Energy - 2024
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The revenues of the State Oil Fund of Azerbaijan (SOFAZ) from the “Shah Deniz” field in the Azerbaijani sector of the Caspian Sea amounted to 244 million 69 thousand dollars in January-May 2024, this...
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On June 7, President of the State Oil Company of Azerbaijan (SOCAR) Rovshan Najaf and Chairman of the Gazprom Management Board Alexey Miller discussed the situation on the global energy market on the...
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Gas production from the “Umid” field in the Azerbaijani sector of the Caspian Sea in 2024 is expected to amount to 2.3 bcm, SOCAR reported. According to the company, in 2024, condensate production fro...
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Oil production in Azerbaijan will remain at an average level of 0.65 million barrels per day until 2027, the report of the international rating agency S&P Global Ratings on the confirmation of Azerbai...
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Azerbaijan and Russia are not currently discussing the expansion of the Baku-Tikhoretsk oil pipeline for possible reverse supplies of Russian oil in the Azerbaijani direction, Russian Deputy Prime Min...
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In January-May of this year, the State Oil Fund of Azerbaijan (SOFAZ) received income in the amount of $ 2 billion 617.2 million from the Azeri-Chirag-Guneshli (ACG) block of fields located in the Aze...
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The Norwegian company “Equinor” announced the liquidation of its Ashrafi-Dan Ulduzu-Aypara (ADUA) branch in Azerbaijan. According to the State Tax Service under the Ministry of Economy of Azerbaijan,...
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Last Saturday, the award ceremony "Export Champion 2023", organized by the Turkish Exporters Council (TIM), took place at the Halic Congress Center in Istanbul.
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More than 70% of thermal power plants in Ukraine have been put out of operation, Prime Minister Denis Shmygal said on Friday. "In fact, 42 power units have been destroyed, 27% of large thermal power p...
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The world needs to invest about $ 600 billion a year in the oil market, UAE Energy Minister Suhail al-Mazraoui told RIA Novosti on the sidelines of the St. Petersburg International Economic Forum (SPI...
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The average price of CIF-based Azeri Light crude oil fell by 4.33 US dollars (5.14 percent) last week compared to the previous week and amounted to 79.8 dollars per barrel. The maximum price for this...










