Azerbaijani oil price surges
The price of Azeri Light crude oil increased by $0.21, or 0.3%, reaching $68.34 per barrel.
Azeri oil
Azerbaijani oil elevates in price
The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian port of Augusta increased by $0.79 (1.06%) compared to the previous rate, now sitting at $75.49 per barrel, a source in the oil and gas market said.
Gas is becoming Azerbaijan's new oil
Azerbaijan increased gas production from January through September 2024, Azerbaijani Energy Minister Parviz Shahbazov said. According to him, this figure amounted to 37.1 billion cubic meters (bcm) versus 36.1 bcm in the first nine …
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
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, …
