The price of Brent crude oil futures contracts with March delivery rose by 0.54% on London’s ICE on Tuesday, reaching $87 per barrel as of 05:22 Moscow time, Trend reports citing TASS.

If the construction of the gas interconnector between Greece and Bulgaria (IGB) is delayed even further, Bulgargaz will have to hold new negotiations for an alternative route for gas from Azerbaijan, Trend reports citing a statement from Bulgargaz.

Azerbaijani oil prices increased last week, Trend reports on Jan. 17.

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, decreased by 33 cents on Jan. 13 compared to the previous price, settling at $88.12 per barrel, Trend reports referring to the source from the country's oil and gas market.

The Trans-Adriatic Pipeline (TAP), which is an extension of the Southern Gas Corridor that takes Azerbaijani natural gas to European markets, has transported 8.1 billion cubic meters of gas to Europe in 2021, the pipeline's operator TAP AG reported on the official Twitter page.

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by $1.57 on Jan. 12 compared to the previous price, settling at $88.45 per barrel, Trend reports referring to the source from the country's oil and gas market.

Azerbaijan's daily oil production, including condensate, amounted to 717,600 barrels in December, the Energy Ministry has reported.

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by $2.21 on Jan. 11 compared to the previous price, settling at $86.88 per barrel, Trend reports referring to the source from the country's oil and gas market.

The U.S. Energy Information Administration (EIA) has forecasted Azerbaijan's average daily oil production to be 710,000 barrels in 2023.

The Central Bank of Azerbaijan (CBA) held a foreign currency auction with the participation of the State Oil Fund of Azerbaijan (SOFAZ), Trend reports on Jan. 11 referring to the CBA.

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, decreased by 54 cents on Jan. 10 compared to the previous price, settling at $84.67 per barrel, Trend reports referring to the source from the country's oil and gas market.

The Azerbaijani oil exports via the Baku-Tbilisi-Ceyhan (BTC) pipeline are expected to decline in February 2022, compared to January, Trend has reported, quoting Reuters.

Turkish President Recep Tayyip Erdogan approved memorandum of understanding between Turkey’s Ministry of Energy and Natural Resources and Azerbaijan’s Energy Ministry on the natural gas supplies, Trend reports on Jan. 11 via Resmi Gazete.

Azerbaijani oil prices increased last week, Trend reports on Jan. 10.

Iran and Azerbaijan have great cooperation on joint use of border rivers, Adviser on International Affairs to the Iranian Energy Minister Mohammad Ali Farahnakian told Trend.

The price of Azerbaijani Light Azeri oil based on CIF in the Italian port of Augusta on January 7 dropped by $0.36 compared to the previous figure and amounted to $85.21 per barrel, Trend reports citing the a source in the country's oil and gas market.

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by $1.35 on Jan. 6 compared to the previous price, settling at $85.57 per barrel, Trend reports referring to the source from the country's oil and gas market.

The Azerbaijani State Oil Fund (SOFAZ) revenues from the country’s major oil and gas fields amounted to $6.8 billion in 2021, SOFAZ has reported.

The Central Bank of Azerbaijan (CBA) held a foreign currency auction with the participation of the State Oil Fund (SOFAZ) on Jan. 6, 2022, Trend reports via the CBA.

Fuad Ibrahimov has assumed the duties of the head of Natural Gas Business Unit of SOCAR Turkey as of January 1, 2022, Trend reports with reference to Turkish media.

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by $1.73 on Jan. 5 compared to the previous price, settling at $84.22 per barrel, Trend reports on Jan. 6 referring to the source from the country's oil and gas market.

The representative office of Russian Lukoil PJSC - Lukoil Absheron Exploration Limited has been registered in Azerbaijan, Trend reports referring to the State Tax Service.

Azerbaijan is receiving gas under the agreement signed with Turkmenistan, Ibrahim Ahmadov, deputy head of the public relations and events department at the country’s state oil company SOCAR told Trend.

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by $1.94 on Jan. 4 compared to the previous price, settling at $82.49 per barrel, Trend reports referring to the source from the country's oil and gas market.

The State Oil Company of Azerbaijan (SOCAR) increased oil transportation via the Baku-Novorossiysk pipeline by 64.3 percent in 2021, local media sources have reported.