BAKU, Azerbaijan, February 13. In 2024, the oil and gas sector's contribution to Azerbaijan's Gross Domestic Product (GDP) declined from 40.2 percent to 30.6 percent compared to 2018, Trend reports.

“The upstream sector in Azerbaijan has already encountered challenges, as oil production is showing signs of decline, while gas output is reaching a plateau. Unlike newer fields ...

By Cavid Aga in Ankara Azerbaijan's energy sector maintained steady production in 2024, with significant investments directed ...

A new US Department of Energy survey provides updated data on oil & natural gas production in the Caspian Basin. It shows ...

The State Oil Company of Azerbaijan Republic (SOCAR), Mangalore Refinery and Petrochemicals Limited (MRPL), and Oil and Natural Gas Corporation Limited (ONGC) signed a non-binding Memorandum of ...

BAKU. Feb 13 (Interfax) - Oil and gas condensate exports through the Sangachal terminal in Azerbaijan fell 2.2% to 225 million barrels in 2024, the press service of BP in Azerbaijan, the terminal's ...

The OPEC+ group, which includes key producers such as Saudi Arabia, Russia, and Azerbaijan, continues to manage supply levels carefully to stabilize global oil prices amid fluctuating demand and ...

The company also said the South Caucasus Pipeline carried 62.8 mcm of gas per day, up from 60.1 mcm a year previously. Operating cost were $81 million and capex $20 million. Oil production at the ...

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BP is set to expand its operations in the Shah Deniz gas field offshore Azerbaijan with the addition of six new wells, ...

By Berge Jololian Ilham Aliyev is a name that should strike fear into the hearts of journalists, opposition figures, and ...

In its most recent “Short-Term Energy Outlook,” the EIA also projected that Brent crude oil spot prices ... Waze and Google Maps are free and show gas prices in real-time via a map directly ...