Oil & Gas

Azerbaijani oil price increases

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) oil field amounted to $23.97 per barrel on April 8, which is $0.49 more compared to April 7, Trend reports with reference to the country's oil and gas market.
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Energy ministry hails Azerbaijan's efforts to develop renewable energy

Seven working groups set up under the leadership of relevant structures in the spheres of activity of the commission created to fulfill the tasks arising from the Azerbaijani president’s order N1673 dated December 5, 2019 "On measures for the implementation of pilot projects in the field of use of renewable energy sources" continued their activity during the first quarter of 2020, Trend reports referring to the Azerbaijani Ministry of Energy.
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Azerbaijani analysts: Price of Brent oil may rise

Dissemination of news about negotiations between the US, Saudi Arabia and Russia on stabilizing oil prices on energy exchanges leads to an increase in Brent oil prices, which are currently trading at $34 per barrel, Trend reports with reference to the weekly report of the Azerbaijani InvestAZ investment company CJSC.
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Oil prices change in Azerbaijan

The price of the AZERI LT CIF oil produced at the Azeri-Chirag-Gunashli block of oil and gas fields amounted $24.14 per barrel at the Italian port of Augusta on April 6, Trend reports referring to Azerbaijan's oil and gas market on April 6.
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