The Trans Adriatic Pipeline (TAP) project, which envisages transportation of Azerbaijani gas to Europe, is 91 percent complete as of late December 2019, Trend reports citing TAP AG consortium.

Azerbaijan has the technical potential to supply oil to Belarus, deputy head of the Public Relations and Event Management Department of the Azerbaijani State Oil Company (SOCAR) Ibrahim Ahmadov told local media on January 14.

Oil prices eased on Tuesday as investors appeared to shrug off earlier supply concerns following a force majeure declared by Libya on two major oilfields amid a military blockade, Trend with reference to Reuters reports.

Azerbaijan’s Southern Gas Corridor closed joint-stock company (CJSC) is expected to invest around $181 million in the Southern Gas Corridor projects in 2020, Ibrahim Ahmadov, deputy head of the public relations and events department at Azerbaijan’s state oil company SOCAR, told Trend.

Azerbaijan’s Energy Ministry received 4,092 appeals related to the issues of consumer rights’ protection, electricity and gas supply as well as metering devices in 2019, Trend reports with reference to the ministry.

Azerbaijan's State Oil Company (SOCAR) drilled the first exploration well on the Shafag-Asiman offshore block (SAX01) in the Azerbaijan sector of the Caspian Sea, SOCAR said in a message posted on its website.

In 2019, non-oil revenues to the state budget amounted to 10.59 billion manats ($6.23 billion), an increase of 16.3 percent compared to 2018.

Oil prices were steady on Friday as reports of sluggish economic growth in China, the world’s biggest crude importer, raised concerns about future fuel demand and countered optimism from the signing of the Sino-U.S. trade deal earlier in the week, Trend with reference to Reuters reports.

The Azerbaijan Caspian Shipping Company (ASCO) CJSC will launch a new tanker in 2021, named after First Vice President of SOCAR, academician Khoshbakht Yusifzade, Trend reports via ASCO.

The Trans-Anatolian Natural Gas Pipeline (TANAP), which is the embodiment of Turkey-Azerbaijan cooperation, has turned Turkey into an energy hub, Turkish President Recep Tayyip Erdogan said, commenting on the results of last year, Trend reports referring to Turkish media.

In Georgia's Kobuleti, an attack was made on the service center of the SOCAR Georgia Gas LLC, a subsidiary of the State Oil Company of Azerbaijan in Georgia, Head of SOCAR Energy Georgia Mahir Mammadov told Trend.

Oil prices rose on Thursday after the signing of an initial Sino-U.S. trade deal that sets the stage for a surge in Chinese purchases of American energy products, while U.S. crude inventories fell more than expected, Trend with reference to Reuters reports.

New appointments to several senior positions were made in Azneft Production Union of the State Oil Company of the Azerbaijan Republic SOCAR, Trend reports referring to Azneft.

According to secondary sources, total OPEC-14 preliminary crude oil production averaged 29.44 million barrels per day (mb/d) in December, lower by 161,000 barrels per day (tb/d) month-on-month, Trend reports citing OPEC’s Monthly Oil Market Report.

The 6th meeting of the Advisory Council of the Southern Gas Corridor will be held on February 28, 2020 in Baku, the Azerbaijani Energy Ministry told Trend.

Technically we are able to supply both Azerbaijani oil and oil from other countries to parties wishing to buy it, Ibrahim Ahmadov, deputy head of the public relations and events department at Azerbaijan’s state oil company SOCAR, told Trend.

Azerbaijan’s electricity exports increased by 26.7 percent year-on-year in 2019, the State Customs Committee told local media on January 14.

Albanian Prime Minister Edi Rama has said that the Trans Adriatic Pipeline (TAP), which is among the most strategic projects in Europe, is 90 percent complete.

The price of European Brent crude oil on energy exchanges is corrected to $65 per barrel, the weekly summary of the Azerbaijan’s investment company InvestAZ, Trend reports on Jan. 13.

Oil prices edged higher on Tuesday as investors focused on the signing of a preliminary trade deal between the United States and China, the world’s top oil consumers, and on expectations of a drawdown in U.S. crude oil inventories, Trend with reference to Reuters reports.

Implementation of measures necessary to carry out reforms in Azerbaijan’s energy sector continues in accordance with the order of the head of state.

The volume of Azerbaijan’s daily oil production decreased by 3.6 percent to drop to 764,000 barrels year-on-year in 2019, the Ministry of Energy told local media on January 13.

Since May 2019, the price of Brent oil for the first time exceeded $70 per barrel.

Energy cooperation between Azerbaijan and the European Union (EU) goes beyond the Southern Gas Corridor, Head of the EU Delegation to Azerbaijan Kestutis Jankauskas told Trend.

Oil prices held steady on Monday as fears of conflict between the United States and Iran eased, with investors shifting their focus to this week’s scheduled signing of an initial U.S.-China trade deal, which could boost economic growth and demand, Trend with reference to Reuters reports.