Energy - 2024
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Oil production from the offshore Azeri-Chirag-Gunashli (ACG) block has reached 600 million tons. It is worth noting that production of the first oil from ACG began on November 7, 1997.
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The State Oil Company of Azerbaijan (SOCAR) has signed an agreement to secure financial resources with the Italian bank Intesa Sanpaolo. According to SOCAR's press service, the agreement was signed du...
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Due to windy and unstable weather conditions across the country, the State Oil Company of Azerbaijan (SOCAR) has strengthened safety measures at its production units within the Azneft division. Accord...
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The construction of the gas pipeline to Zar village in the Kelbajar region has been completed by 90%, the Production Association "Azerigaz," the gas distribution structure of SOCAR reported.
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Current repair work has been carried out at the 154/110/35-kilovolt "Arpachay" substation in Nakhchivan, the State Energy Service of the Nakhchivan Autonomous Republic reported.
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A subsidiary of KazMunayGas, KMG PetroChem LLP, and Tengizchevroil (TCO) have signed an updated dry gas purchase agreement. TCO will supply up to 9 bcm of dry gas per year to the gas processing plant...
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During a meeting in Ashgabat, Turkmen President Serdar Berdymuhamedov, Iranian Energy Minister Abbas Aliabadi, and Central Bank Chairman Mohammad Reza Farzin discussed expanding bilateral cooperation...
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European countries increased gas withdrawal from underground gas storage (UGS) facilities in early December, surpassing 800 mcm per day for the first time this year, according to data from Gas Infrast...
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The average price of Azeri Light oil for the week ending December 13, 2024, based on CIF contracts (delivered to destination port, including insurance costs) increased by $0.85 (1.13%), reaching $76.1...








