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“The existing Shah Deniz facilities’ production capacity is currently about 70 million standard cubic metres of gas per day or more than 25 bcma,” bp Azerbaijan told AZERTAC. “During the quarter, the Shah Deniz field continued ...

Oil & gas 2022-08-06 14:51:00

Oil prices have increased on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil rose $0.80 to trade at $94.92, while the price of the Light crude oil at the ...

Oil & gas 2022-08-06 11:06:00

Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $1.84 to trade at $98.45 ...

Oil & gas 2022-08-06 11:06:00

“A number of tax and customs concessions are being applied for entrepreneurs in the industrial zones of our country,” Azerbaijan’s Minister of Economy Mikayil Jabbarov said on Twitter. “Thus, so far, the residents, who benefited from the concessions ...

Economy 2022-08-05 16:22:00

“For the purpose of reducing import dependency and supporting local production, Azerbaijan Investment Company has invested 766,000 manats in "Diamed Development Group" LLC,” Azerbaijan’s Economy Minister Mikayil Jabbarov said on Twitter ...

Economy 2022-08-05 16:14:00

Azerbaijani oil price has decreased on the world markets. The price of a barrel of Azeri Light crude oil fell $5.58 to trade at $96.61 ...

Oil & gas 2022-08-05 11:27:00

Oil prices have increased on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil rose $0.41 to trade at $94.53, while the price of the Light crude oil at the NYMEX (New York Mercantile Exchange) increased $0.51 to stand at $89.05. ...

Oil & gas 2022-08-05 11:25:00

In the first half of 2022, we spent about $229 million in operating expenditure and $791 million in capital expenditure on ACG activities, bp Azerbaijan told AZERTAC ...

Oil & gas 2022-08-04 19:00:00

Another cooperation agreement has been signed between Azercosmos and the Swiss Signalhorn company. According to the contract, Signalhorn has already started providing Internet services at sea via the European broadcast beam of the Azerspace-1 satellite. The resources of the ...

ICT 2022-08-04 18:18:00

“At the end of the second quarter of 2022, the number of bp’s Azerbaijani national employees was 2,268 including fixed-term employees,” bp told AZERTAC. “Since mid-2018, 90% of bp Azerbaijan’s professional staff has been nationals ...

Economy 2022-08-04 17:31:00

In the first half of 2022, Shah Deniz spent around $1.260 million in operating expenditure and around $186 million in capital expenditure, bp Azerbaijan told AZERTAC. According to the company, the majority of the spending was associated with the Shah Deniz 2 project ...

Oil & gas 2022-08-04 17:12:00

Azerbaijani oil price has decreased on the world markets. The price of a barrel of Azeri Light crude oil fell $2.38 to trade at $102.19 ...

Oil & gas 2022-08-04 10:46:00

Oil prices have increased on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil rose $0.21 to trade at $96.99, while the price of the Light ...

Oil & gas 2022-08-04 10:45:00

At the 31st Ministerial Meeting of OPEC and non-OPEC countries, Azerbaijan also supported the decision to increase daily oil production by 100,000 barrels in September. According to the quota set for September, the daily crude oil production in Azerbaijan is expected to reach 718,000 barrels ...

Oil & gas 2022-08-03 19:57:00

The Japan International Cooperation Agency (JICA) has signed a project finance loan agreement with “Masdar Azerbaijan Energy” Limited Liability Company (hereinafter referred to as “Borrower”), which has been implementing the Solar PV Plant Project in the Republic of Azerbaijan ...

Economy 2022-08-03 18:59:00

“Our advantage is – this has always been and still is the case now – that the fruits and vegetables grown here are natural. In other words, they are organic and have a special taste,” said President Ilham Aliyev as he got acquainted with “Grand-Agro Invitro” LLC and participated in the opening of the almond processing factory ...

Economy 2022-08-03 17:08:00

bp as operator of the Azeri-Chirag-Deepwater Gunashli (ACG) field has announced that the total oil production since start has reached around 4.1 billion barrels. According to the company, the total production for the first quarter ...

Oil & gas 2022-08-03 13:10:00

Azerbaijani oil price has decreased on the world markets. The price of a barrel of Azeri Light crude oil fell $1.4 to trade at $104.57 ...

Oil & gas 2022-08-03 11:39:00

Masdar, one of the world’s leading renewable energy companies, announced that it has achieved financial close for its 230-megawatt (MW) Garadagh Solar Photovoltaic (PV) Plant in Azerbaijan – the nation’s first foreign investment-based independent solar power project, and Masdar’s first project in the country, according ...

Economy 2022-08-03 11:26:00

Oil prices have decreased on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil fell $0.36 to trade at $100.18, while the price of the Light ...

Oil & gas 2022-08-03 11:07:00