Azerbaijan supported the OPEC+ agreement on the continuation of existing quotas on daily crude oil production in April, reached at the 14th Ministerial Meeting, Energy Ministry has reported on March 4.
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The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by $2.95 on Mar.4 compared to the previous price, making up $67.7 per barrel, Trend reports referring to the source from the country's oil and gas market.
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Revenues of Azerbaijan's State Oil Fund (SOFAZ) from the country’s major oil and gas fields amounted to $578 million in the first two months of 2021, the Fund has reported.
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The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by $0.5 on Mar.3 compared to the previous price, making up $64.75 per barrel, Trend reports referring to the source from the country's oil and gas market.
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The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, decreased by $1.41 on Mar.2 compared to the previous price, making up $64.25 per barrel, Trend reports referring to the source from the country's oil and gas market.
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The bilateral relations between Azerbaijan and Hungary that are both strategic and friendly, provide strong, solid foundations for developing our economic cooperation, Hungarian Ambassador to Azerbaijan, Viktor Szederkényi told Trend.
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Azerbaijan’s Azerenerji OJSC continues measures to eliminate the dangerous situation that has arisen in the reservoir of Shamkir hydroelectric power station, the second largest hydroelectric power plant in the country, Trend reports citing Azerenerji OJSC.
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The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, dropped by $0.3 on Mar.1 compared to the previous price, and stood at $65.66 per barrel, Trend reports with reference to the source from the country's oil and gas market.
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The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, dropped by $1.02 on Feb.26 compared to the previous price, and stood at $65.96 per barrel, Trend reports with reference to the source from the country's oil and gas market.
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Kazakhstan’s KMG Drilling & Services and Azerbaijan’s Caspian Drilling Company signed an agreement on drilling wells with the Kazakh ‘Satti’ jack-up rig in the Azerbaijani sector of the Caspian Sea, Trend reports citing the Kazakh Sovereign Wealth Fund, NWF Samruk-Kazyna JSC.
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Azerbaijan increased natural gas exports to Turkey by 18.9 percent in December 2020 brining the volume of gas exports to 1.1 billion cubic meters, local media has reported.
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The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, grew by $1.65 on Feb.24 compared to the previous price, making up $66.77 per barrel, Trend reports with reference to the source from the country's oil and gas market.
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Azerbaijan resumed gas exports from the Shah Deniz field after a short-term halt, local media reported with the reference to to the SOCAR’s Deputy Head of Public Relations Ibrahim Ahmadov on February 24.
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Oil prices fell on Wednesday after industry data showed a surprise build in U.S. crude stocks last week as a deep freeze in the southern states curbed demand from refineries that were forced to shut, Trend reports with reference to Reuters
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The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, grew by 55 cents on Feb.23 compared to the previous price, making up $65.12 per barrel, Trend reports referring to the source from the country's oil and gas market.
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The Parliament of Azerbaijan has discussed a memorandum of understanding ‘on joint exploration, development and study of hydrocarbon resources of the Dostlug field in the Caspian Sea between the Azerbaijani and Turkmen governments’, Trend reports.
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The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, grew by 84 cents on Feb.22 compared to the previous price, making up $64.57 per barrel, Trend reports referring to the source from the country's oil and gas market.
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The total volume of production of petroleum products in Azerbaijan decreased by 20.4 percent in January 2021 compared to January 2020, amounting to 268.5 million manat ($157.9 million), Trend reports with reference to the State Statistical Committee.
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The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, amounted to $64.15 per barrel last week (from Feb. 15 through Feb. 19), which is growth by $2.13 (3.4 percent) compared to the previous price, Trend reports on Feb. 22.
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Azerbaijani delegation headed by Prime Minister Ali Asadov visited the office of the Trans-Anatolian Pipeline (TANAP) in Ankara on February 19, Trend reports.
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The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, grew by 55 cents on Feb.18 compared to the previous price, making up $64.78 per barrel, Trend reports with reference to the source from the country's oil and gas market.
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The issue of the ratification of the Memorandum of Understanding signed on January 21, 2021 in Ashgabat between the Government of the Republic of Azerbaijan and the Government of Turkmenistan on joint exploration and development of hydrocarbon resources of the Dostlug field in the Caspian Sea will be discussed at the plenary session of the Azerbaijani parliament, Trend reports on Feb. 18 referring to the Azerbaijani parliament.
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The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, rose by 55 cents on Feb.17 compared to the previous price, reaching $64.23 per barrel, Trend reports with reference to the source from the country's oil and gas market.
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Azerbaijan and Turkmenistan will prepare a new intergovernmental agreement, Trend reports on Feb.18 referring to Azerbaijani Parliament’s press service.
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The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, dropped by 66 cents on Feb.16 compared to the previous price, amounting to $63.68 per barrel, Trend reports with reference to the source from the country's oil and gas market.
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