Azeri light crude edges closer to $89
The price of a barrel of Azeri Light crude oil rose $2.34 to trade at $88.7. The highest level the Azeri light touched last year was USD 135.99 recorded on March 9. ...
Oil prices surge in world markets
Oil prices have increased in the world markets. The Brent crude oil price on the London ICE (InterContinental Exchange Futures) picked up $1.89 to trade at $86.39, while the price of the Light ...
NYMEX reports rise in natural gas price
The natural gas price at the NYMEX (New York Mercantile Exchange) has climbed by 0.08 US dollars or 3.46% towards USD 2.51 per 1 million BTU (British thermal unit) ...
Russia’s Aeroflot launches direct flights from Moscow to Azerbaijan’s Ganja
Russia's largest carrier Aeroflot will launch direct flights from Moscow to Ganja starting from March 5, according to the air carrier’s press service. “Airbus A320” will carry out flights once a week on Sundays at 11:00 Moscow time ...
Economy Minister: Non-oil and gas sector accounts for 50% of state budget revenues
“Despite the positive dynamics of oil and gas prices last year, the non-oil and gas revenues have accounted for 50 percent of the state budget revenues,” said Azerbaijan’s Economy Minister Mikayil Jabbarov at the conference dedicated to the 100th anniversary of National ...
Economy Minister: Up to 38,000 new jobs will be created in Azerbaijan
“Throughout 2016-2022, more than 570 investment promotion documents were issued to over 470 entrepreneurs,” Azerbaijan’s Minister of Economy Mikayil Jabbarov said on Twitter. “An estimated 5.5 billion ₼ will be invested, and up to 38,000 new jobs will be created, as a result ...
2,377 Azerbaijani nationals work for bp
“At the end of 2022, the number of bp’s Azerbaijani national employees was 2,377 including fixed-term employees,” bp Azerbaijan told AZERTAC. “Since mid-2018, 90% of bp Azerbaijan’s professional staff has been nationals. Non-professional staff of bp in Azerbaijan is 100% nationalized ...
Oil prices drop in world markets
The world markets have seen a decline in oil prices. The Brent crude oil price on the London ICE (InterContinental Exchange Futures) fell $0.53 to trade at $83.97, while the price of the Light crude oil at the NYMEX ...
NYMEX reports drop in natural gas price
The natural gas price at the NYMEX (New York Mercantile Exchange) has slumped by 0.01 US dollars or 0.37% to 2.42 dollars per 1 million BTU (British thermal unit) ...
bp: The daily average export throughput of the SCP was 57.4 million cubic meters of gas per day
“In 2022, the SCP spent around $72 million in operating expenditure and more than $5 million in capital expenditure in total,” bp Azerbaijan told AZERTAC. “During the year, the daily average export throughput of the SCP was 57.4 million cubic meters of gas per day,” the company added ...
Azerbaijani oil sells for more than $86
The Azerbaijani oil price has increased in the world markets. The price of a barrel of Azeri Light crude oil rose $0.03 to trade at $86.36 ...
BP Azerbaijan: 68 million standard cubic meters of Shah Deniz gas was sent from "Sangachal" terminal daily
“In 2022, the Sangachal terminal exported more than 232 million barrels of oil and condensate. This included about 225 million barrels through Baku-Tbilisi-Ceyhan (BTC) and around 7 million barrels through the Western Route Export Pipeline (WREP),” BP Azerbaijan told AZERTAC ...
bp: ACG delivers an average of around 7 mcm per day of ACG associated gas
“During the year, ACG delivered an average of around 7 million cubic metres per day of ACG associated gas to the state of Azerbaijan (2.6 billion cubic metres in total), primarily at the Sangachal terminal but also to SOCAR’s Oil Rocks facility,” bp Azerbaijan told AZERTAC ...
All Azerpost branches start accepting aid for quake victims in Türkiye
Azerpost LLC under the Ministry of Digital Development and Transport is supporting a large-scale aid campaign in Azerbaijan to help those affected by the earthquake in Türkiye.From today, Azerpost post offices across the country start accepting and sending aid ...
PASHA Holding and its subsidiaries donate 1 million dollars to support Türkiye
A few days ago, thousands of people were killed, injured and left homeless as a result of a strong earthquake that occurred in several cities of the brotherly country, Türkiye ...
bp: In 2022, Shah Deniz spent around $2,281 billion in operating expenditure and around $463 million in capital expenditure
“In 2022, Shah Deniz spent around $2,281 billion in operating expenditure and around $463 million in capital expenditure, the majority of which was associated with the Shah Deniz 2 project,” bp Azerbaijan told AZERTAC ...
Baku-Tbilisi-Ceyhan pipeline achieves 4 billion barrels of oil export milestone
“In 2022, BTC spent about $100 million in operating expenditure and $27 million in capital expenditure,” bp Azerbaijan told AZERTAC. “On 23 March 2022, the BTC pipeline reached a significant milestone by loading the 5,000th tanker of oil transported from the Sangachal terminal near Baku across Azerbaijan ...
bp: In 2022, we spent about $470 million in operating expenditure and $1,624 million in capital expenditure on ACG activities
“In 2022, we spent about $470 million in operating expenditure and $1,624 million in capital expenditure on ACG activities,” bp Azerbaijan told AZERTAC. “During the year, the Azeri Central East (ACE) platform topsides and drilling facilities fabrication activities ...
Azeri-Chirag-Gunashli produced 152 million tonnes of oil in 2022
“ACG continued to safely and reliably deliver stable production during the last year. Total ACG production for the full year was on average about 415,400 barrels per day (b/d) (about 152 million barrels or 20 million tonnes in total) from the Chirag (25,200 b/d), Central Azeri (104,100 b/d), West Azeri ...