ACG revenues decreased by 12%

Over Jan-Sept 2024, the revenues of the State Oil Fund of Azerbaijan (SOCAZ) from ACG amounted to $4.603 billion.

EU states increased gas imports from Azerbaijan by 5.5% in 7 months

The countries of the European Union (EU) - Italy, Greece and Bulgaria - increased gas imports from Azerbaijan by 5.5% for Jan-Jul 2024 compared with the 2023 same term - to 297,765 terajoules (TJ).

Equipment for Akkuyu NPP transferred to Russia-friendly countries instead of Siemens

All the necessary components for Akkuyu NPP were promptly found and delivered from Russia-friendly countries instead of the disrupted supply from Siemens, ABC.AZ reports, quoting Deputy PM Alexander Novak.

Oil price goes up, Brent - $77.70 per barrel

Prices for oil of benchmark grades are declining in Monday’s trading after a 9% rise in the last week.

Caspian Pipeline Consortium plans to transfer 65 million tons of oil in 2024 

IEA predicts that by 2030, production of ‘low-carbon’ hydrogen could reach 49 million tons a year 

Russia has increased oil supplies to Uzbekistan

UAE to invest $23 bn in hydrogen and ammonia production for 5 years

Azerbaijan plans to organize pyrolysis oil production

Azerbaijan plans to implement a project to organize the production of pyrolysis oil. The cost of the project is 97 million euros.

Slovakia wants to continue receiving gas and oil through Ukraine

The Slovak authorities are interested in further receipt of oil and gas through transit through Ukraine

Azerbaijani oil has grown in price

Oil price goes down, Brent - $77.58 per barrel

Prices for oil of benchmark grades are slightly declining in Friday’s trading after growth following the previous session.

Oil price goes up, Brent - $74.83 a barrel

Prices for oil of benchmark grades are rising in Thursday's trading.

A fuel labeling system launched in Kyrgyzstan

Kyrgyzstan has officially launched a fuel labeling system

SOCAR and Gazprom Neft discuss issues of cooperation

S Korea has built the ‘largest energy storage facility in Asia’

The ceremony on the occasion of completion of construction of the "largest in Asia" battery energy storage system has been held in South Korea. It is located in the city of Miryang, Gyeongsangnam-do province.

SOCAR unveils its plans to diversify its project portfolio until 2035

The State Oil Company of Azerbaijan (SOCAR) plans to diversify its project portfolio by 2035 through low-carbon initiatives.

Oil imports to Türkiye increased by 8% in July

Türkiye imported 2.62 million tons of oil in July (8.2% more against July 2023).

Oil actively goes up in price after a jump the day before, Brent - $74.86 per barrel

Prices for oil of benchmark grades are increasing in Wednesday’s trading after significant growth the day before caused by Iran's missile attack against Israel.

FT: Ukrainian company Energoatom hardly be able to raise billions for construction of nuclear reactors

Energoatom (Ukraine) will not be able to attract billions of dollars for the construction of new nuclear reactors because of corruption scandals, ABC.AZ reports, referring to Financial Times.

Masdar will help to activate the market of "green bonds" in Azerbaijan

Masdar Azerbaycan Energy LLC intends to become part of initiatives to activate the market of "green financing" and "green bonds" in Azerbaijan.