Drivers of Azerbaijan success in the 21st century
Within recent decades, Azerbaijan has gone a long and successful way to become the strongest country of the South Caucasus and an important actor in international affairs
Azeri oil
Azerbaijan overfulfills obligations under OPEC+ deal by almost 33%
Azerbaijan overfulfilled its obligations under the OPEC + agreement by 32.2%. “In January 2023, the daily oil production (including condensate) in Azerbaijan totaled to 652,000 barrels, including 533,000 barrels’ crude oil …
Azerbaijan ranks first among main crude exporters to Italy
Azerbaijan's crude oil exports to Italy in December 2022 amounted to 854,240 tons, according to the Ministry of Environment and Energy Security of Italy. Italy was followed by Libya (836,467 tons), and …
Azerbaijani President attends Azeri Central East jacket sail-away ceremony
President of the Republic of Azerbaijan Ilham Aliyev has participated in the Azeri Central East jacket sail-away ceremony at the Heydar Aliyev Baku Deepwater Jackets Factory. The ACE jacket weighs 16,000 tonnes and stands 153 metres …
Hungarian company boosts capex on dev’t of Azeri-Chirag-Gunashli
Hungarian MOL Group’s capital expenditure (capex) on development of Azeri-Chirag-Gunashli (ACG) block of oil fields in the Azerbaijani section of the Caspian Sea stood at $38.7 million in the third quarter of 2022, as compared to $37.4 …
Azerbaijan cuts oil production in June
Azerbaijan produced 632,400 barrels of oil per day, including condensate in June 2022, of which 523,500 barrels accounted for crude oil and 108,900 barrels were condensate, according to the country’s Energy Ministry. In …
Azerbaijani oil price nears $111
Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $0,86 to trade at $110,79. …
Azerbaijan expects growth in exports of oil and gas products
An increase in the export of Azerbaijani oil and gas products is expected in the near future, Deputy Energy Minister of Azerbaijan Elnur Soltanov said. According to him, Azerbaijan exports gas mainly on the basis of long-term …
Azerbaijan overfulfills obligations under OPEC+ deal
Azerbaijan produced 684,100 barrels of oil per day, including condensate in February 2022, of which 566,300 barrels accounted for crude oil and 117,800 barrels were condensate, according to the country’s Energy Ministry. In …
Azerbaijani oil price nears $101
Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $3,13 to trade at $100,76. The price of Azerbaijani oil has exceeded $100 for the first time since September …
Azeri Light oil price exceeds $90
Oil prices rose for a fourth day on Wednesday as an outage on a pipeline from Iraq to Turkey increased concerns about an already tight supply outlook amid worrisome geopolitical troubles in Russia and the United Arab Emirates. The price …
Baku-Tbilisi-Ceyhan celebrates 500 million tonnes of oil export
The Baku-Tbilisi-Ceyhan (BTC) oil export pipeline has achieved a significant milestone by carrying 500 million tonnes of oil in total from the Sangachal terminal near Baku across Azerbaijan, Georgia and Turkey to Ceyhan, according to …
Azerbaijan overfulfills obligations under OPEC+ deal
Azerbaijan produced 704,400 barrels of oil per day, including condensate in October 2021, of which 585,900 barrels accounted for crude oil and 118,500 barrels were condensate, according to the country's Energy Ministry. In …
Azerbaijani oil price reaches $84
Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $0,64 to trade at $83,81. Brent crude futures jumped $1.07, or 1.3%, to $83.02 a barrel by 0643 GMT while U.S. West …
Azerbaijan goes beyond OPEC+ deal obligations in July
Azerbaijan went beyond its OPEC+ deal obligations in July 2021, press service of the country’s Energy Ministry reported on Friday. "Daily oil production in Azerbaijan amounted to 606,000 barrels in July. According to the …
Azerbaijani oil price exceeds $75
Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, rose $0,57 to trade at $75,18. …
Azerbaijan fulfills its commitments under OPEC+ deal in January
Azerbaijan fulfilled its obligations under OPEC+ agreement in January by maintaining its production of crude oil at 593,000 barrels, the Azerbaijani Energy Ministry has reported. In January, the country’s daily oil production, …
New era of Caspian oil begins
The Memorandum of Understanding between Azerbaijan and Turkmenistan on joint exploration, development of hydrocarbon resources of the Dostlug field in the Caspian Sea has begun a new era in the history of the development of hydrocarbon deposits …
SOCAR to send fourth part of oil to Belarus
Azerbaijan's State Oil Company SOCAR will send a new batch of oil to Belarus this week, Deputy Chief of SOCAR's Public Relations and Events Department Ibrahim Ahmadov said. According to him, Azerbaijan will send 85-90,000 …
Azerbaijan fulfills over 98% of its obligation to OPEC+ in May
Azerbaijan fulfilled more than 98% of its obligation to OPEC+ deal in May, the Azerbaijani Ministry of Energy said. Last month, Azerbaijan produced 557.2 thousand barrels of crude oil per day, while the country’s daily oil …
