The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, decreased by 70 cents on August 6 compared to the previous price, making up $46.46 per barrel, Trend reports with reference to the source from the country's oil and gas market.

Trend's interview with Tommy Kassem, VP Oilfield Services, Russia Caspian Baker Hughes

The revenues of the State Oil Fund of Azerbaijan (SOFAZ) from the major oil and gas fields amounted to $2.8 billion in the first six months of 2020, the Fund has reported.

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by $1.71 on August 5 compared to the previous price, making up $47.16 per barrel, Trend reports with reference to the source from the country's oil and gas market.

Azerbaijan has invested significant funds in the Turkish Petkim petrochemical complex, owned by the State Oil Company of Azerbaijan (SOCAR), and this is yielding successful results, Trend reports citing the National Confederation of Entrepreneurs (Employers’) Organizations of Azerbaijan.

The Trans-Anatolian Pipeline, that transports Azerbaijani gas to Europe via Turkey, reached its maximum daily supply in July, Trend reported with the reference to Turkish Energy and Natural Resources Minister Fatih Donmez on August 6.

Azerbaijan's SOCAR Aviation, one of the three largest companies supplying fuel to the Turkish air transport sector, has commissioned its own petrol station at Milas-Bodrum airport, the company reported on August 6.

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by 6 cents on August 4 compared to the previous price, making up $45.45 per barrel, Trend reports with reference to the source from the country's oil and gas market.

The State Oil Company of Azerbaijan (SOCAR) transported about 85,000 tons of oil through Baku-Novorossiysk pipeline in July, local media reported with the reference to the company’s Deputy Head of Public Relations Ibrahim Ahmedov on August 4.

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by $1.03 on August 3 compared to the previous price, making up $45.39 per barrel, Trend reports with reference to the source from the country's oil and gas market.

Azerbaijan has sent another batch of Azerbaijani oil to Belarus, Press Secretary of Belneftekhim concern Alexander Tishchenko said on August 3.

Azerbaijan ranked first among the largest gas importers to Turkey in May, local media reported with reference to Turkish Energy Market Regulatory Authority on July 29.

The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, amounted to $44.28 per barrel last week (from July 27 through July 31), which is 46 cents or 1 percent less compared to the previous price, Trend reports.

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, amounted to $44.36 per barrel on July 31, which is 47 cents more compared to the previous price, Trend reports on August 1 with reference to the source from the country's oil and gas market.

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, amounted to $45.11 per barrel on July 29, which is 61 cents more compared to the previous price, Trend reports with reference to the source from the country's oil and gas market.

The preparation of a new strategic plan for the development of Azerbaijan’s State Oil Company (SOCAR), which will cover the period until 2035, is scheduled to be complete until September this year, the company’s Vice-President Khalig Mammadov said.

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, amounted to $44.5 per barrel on July 28, which is 95 cents more compared to the previous price, Trend reports with reference to the source from the country's oil and gas market.

The last weld in the Trans Adriatic Pipeline (TAP) was completed, Trend reports citing the TAP AG consortium.

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, amounted to $43.55 per barrel on July 27, which is 62 cents less compared to the previous price, Trend reports with reference to the source from the country's oil and gas market.

The average price for Azeri Light oil, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, amounted to $44.74 per barrel last week (from July 20 through July 24), which is 7 cents or 0.2 percent more compared to the previous price, Trend reports.

Over $106 billion were invested in Azerbaijan’s oil sector in the period between 1995 and 2019, Energy Minister Parviz Shahbazov has said.

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, went down 97 cents on July 24 compared to the previous price, making up $44.17 per barrel, Trend reports with reference to the source from the country's oil and gas market.

The OPEC + agreement allows regulating daily oil production during two years and in this regard, the OPEC + oil supply regulation policy has been justified, Azerbaijani Energy Minister Parviz Shahbazov said.

The priority of Azerbaijan's modern energy policy is the expanded use of renewable energy sources, Azerbaijani Energy Minister Parviz Shahbazov said in Baku within the 14th Baku Summer Energy School at ADA University dedicated to "Energy Policy of Azerbaijan and the Growing Role of Renewable Energy Sources", Trend reports.

The Trans-Adriatic Pipeline (TAP), which is the final segment of the Southern Gas Corridor, envisaging the transportation of Azerbaijani gas to Europe, is under completion, Azerbaijani Energy Minister Parviz Shahbazov said.