Energy - 2025
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In 2024, oil production with condensate in Azerbaijan totaled 29.1 million tons, according to preliminary data from the Ministry of Energy. In 2023, Azerbaijan produced 30.15 million tons of oil and c...
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In December 2024, Azerbaijan's daily oil production with condensate amounted to 80,776 tons (609,000 barrels). According to the Ministry of Energy of Azerbaijan, of this amount, 65,987 tons (487,000 b...
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In 2024, Azerbaijan produced 50.3 bcm of gas, including the volumes injected into oil wells to maintain reservoir pressure. According to the Ministry of Energy of Azerbaijan, gas production increased...
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In January-December 2024, Azerbaijan increased its gas exports by 5.8% compared to the same period in 2023, reaching 25.2 bcm, the Ministry of Energy of Azerbaijan reported. According to the Ministry,...
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Azerbaijan's oil refining volume in 2024 amounted to 5.8 million tons, the Ministry of Energy of the Republic of Azerbaijan reported. Compared to 2023, the refining volume in the country decreased by...
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President of the State Oil Company of Azerbaijan (SOCAR) Rovshan Najaf discussed cooperation opportunities on trade and production projects with Libya's Ambassador Extraordinary and Plenipotentiary to...
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In 2024, Azerbaijan's thermal power plants produced 24 billion 543.2 million kWh of electricity, hydroelectric power plants generated 3 billion 11.0 million kWh, and other sources contributed 839.9 mi...
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Russian gas supplies (both natural gas and LNG) to Europe in 2024, according to preliminary estimates, increased by 18% compared to 2023, reaching 53 bcm, Dmitry Birichevsky, Director of the Departmen...
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The Caspian Pipeline Consortium (CPC) shipped 63.01 million tons of oil on 584 oil tankers in 2024, a statement from the CPC press service. The year before, the system transported 63.47 million tons....
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Next month will be a critical moment for BP's CEO Murray O'Chinclos, as he will present the long-delayed new strategy to investors. The growing energy producer has fallen so far behind its fellow oil...
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The United States advocates for the European Union's full abandonment of Russian gas exports, despite efforts by several countries, including Slovakia, Hungary, and Austria, to maintain supplies, U.S...
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Nuclear energy is expected to reach a new record in 2025, a new report by the International Energy Agency (IEA), "Path to a New Era of Nuclear Energy." According to the report, as the second-largest s...
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The price of Brent crude oil futures for March 2025 delivery on the London ICE exchange exceeded $82 per barrel on January 15, marking the first time since August 13, 2024, according to trading data....
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Commercial oil reserves in the United States decreased by 1.96 million barrels last week, down to 412.68 million barrels, according to the weekly report from the U.S. Department of Energy.













