BP’s net loss was $2.5 bn in 2022

BP Plc shareholders’ net loss in 2022 amounted to $2.487 bn. The company ended 2021 with net profit of $7.565 million.

Oil price goes up, and Brent is at $81.66 a barrel

Prices for oil of benchmark grades are increasing in Tuesday's auction.

Ceyhan Oil Terminal suspends operations

Cost of oil goes up, and Brent is at $80.18 a barrel

Prices for oil of benchmark grades are increasing in Monday’s trading after decline of ovre 7% at the end of last week.

Azerbaijan to deliver up to 1 bn cu m of gas to Romania

President: Increase in production at Shah Deniz field is on agenda

After signing the Memorandum of Understanding with the European Commission on increase of gas supplies, Azerbaijan actively thought about creating additional opportunities.

Romanian President: We’re very interested in receiving additional volumes of Caspian gas

The conclusion of the Memorandum of Understanding on Strategic Partnership in the field of energy, signed by the European Union and Azerbaijan in July 2022

Ilham Aliyev: Romania joins group of countries of Southern Gas Corridor

Two important events took place in December from angle of energy security. Azerbaijan and Romania signed an agreement on gas supplies. Gas supply will start soon. Thus, Romania joins the group of countries of the Southern Gas Corridor.

SOCAR and TPAO signed a range of documents on cooperation

Today, SOCAR president Rovshan Najaf met with a delegation of TPAO (Türkiye Petrolleri Anonim Ortaklığı), headed by company’s president Melih Khan Bilgi.

President: We have resources to increase gas exports to Europe

Last year there were a number of important events demonstrating our common commitment to energy security.