Energy - 2024
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The National Bank of Azerbaijan has announced a threshold for the price of Azeri Light crude oil needed to maintain a surplus in the country's balance of payments. “To maintain Azerbaijan's balance of...
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From January to August of this year, investments in Azerbaijan's oil and gas sector amounted to 3.73 billion manats, according to the monthly report from the State Statistics Committee of Azerbaijan.
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Azerbaijani Energy Minister Parviz Shahbazov will participate in the 4th meeting of the energy ministers of the member and observer states of the Turkic States Organization (TSO), which will take plac...
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Baku and Belgrade are set to sign an agreement for additional supplies of Azerbaijani gas. According to Serbia’s Ministry of Mining and Energy, Minister Dubravka Jedovic Handanovic announced the prepa...
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From January to August 2024, 25.81 million tons of oil were transported through pipelines in Azerbaijan, by 2.45% more compared to the same period last year, according to the State Statistics Commit...
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The construction of the Khizi-Absheron wind power plant in Azerbaijan is expected to continue until mid-2025, according to Abid Malik, Regional Director for Central Asia at Saudi Arabia-based ACWA Pow...
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The “Akkuyu” nuclear power plant project will proceed despite the adverse effects of Western sanctions, according to Russian Ambassador to Türkiye Alexey Erkhov in an interview with the newspaper Post...
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Idle capacities for primary oil refining in Russia are expected to increase by 34% in September compared to August due to technical disruptions, drone attacks, and seasonal maintenance, according to R...
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Over 950,000 tons of Kazakh oil have been transported via the Aktau port to the Baku-Tbilisi-Ceyhan (BTC) pipeline from January to August 2024, according to “KazTransOil” JSC, Kazakhstan's national pi...
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Vienna’s leading energy company, “Wien Energie”, plans to completely cease the use of Russian natural gas by 2025, according to a statement reported by Bloomberg. “Wien Energie” supplies energy to app...
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The average price of Azeri Light crude oil based on CIF contracts decreased by $3.45 (4.39%) compared to the previous week, settling at $75.23 per barrel. The highest price during this period was $76....










