OPEC did not change its forecast on oil production in Azerbaijan for this year

The next year, the average daily production of oil and other liquid hydrocarbons in Azerbaijan will be at the level of 0.72 million barrels

Nakhchivan generated 193.2 million kWh of electricity for Jan-Jun

11,300 tons of Azerbaijani oil delivered to Ukrainian refineries

In July 2020 the oil transit through the territory of Ukraine via main pipelines increased by 27.1% compared with the 2019 same period

Oil price rises, and Brent is at $44.67 a barrel

Benchmark oil prices are rising on Wednesday amid data from the American Petroleum Institute about a decline in U.S. inventories over the past week.

Production of over 21 million tons of oil from Karabakh field is planned

Today, it is planned to produce more than 21 million tons of oil from Karabakh field

Completion of work on Absheron field is scheduled for 2023

It is planned to finish the work on the Absheron field in 2023

SOCAR and Equinor create a JV

SOCAR and Equinor are likely to establish a joint venture

BOS Shelf: Largest underwater structure in history of oil & gas production installed in Caspian Sea

Gazprom’s earnings from gas export halved

Gazprom’s income from gas exports for Jan-Jun 2020 decreased by 51.2% to $11.3 bn versus the 2019 same term

Oil price rises amid hopes of oil demand restoring, and Brent is at $45.20 a barrel

Benchmark oil prices continued growing in Tuesday’s trading after Saudi Aramco’s CEO Amin Nasser stated about expected recovery in demand in the markets.