Azeri oil

Azerbaijan cuts oil production in June

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 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

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 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 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

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

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 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 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 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 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. …

New era of Caspian oil begins

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

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 …

First batch of Azerbaijani oil delivered to Belarus

First batch of Azerbaijani oil delivered to Belarus

Mozyr Oil Refinery in Belarus has launched the processing of the first batch of Azerbaijani oil, spokesman for the Belarusian state petrochemical concern Belneftekhim Aleksandr Tishchenko said. "Oil delivered by …

First batch of Azerbaijani oil sent to Belarus

First batch of Azerbaijani oil sent to Belarus

Azerbaijan's State Oil Company SOCAR has sent first batch of Azerbaijani oil to the Belarusian State Concern for Oil and Chemistry (Belneftekhim Concern) by tankers from the Turkish port of Ceyhan to Belarus, Deputy Head of the SOCAR Public …

Belarus to buy oil from Azerbaijan and Kazakhstan?

Belarus to buy oil from Azerbaijan and Kazakhstan?

Belarusian First Deputy Prime Minister Dmitry Krutoy said that the republic now considers all alternative oil suppliers, including Azerbaijan and Kazakhstan. "The government continues to work out alternative …

The Azerbaijan reform model

The Azerbaijan reform model

The new model was built upon the local conditions and challenges to contribute to the future sustainable development of the country