Oil & Gas

Weekly review of Azerbaijani oil market

The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, amounted to $51.15 per barrel last week (from December 28 to January 1), which is $0.09 (0.2 percent) less compared to the previous price, Trend reports on Jan. 4.
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Azerbaijani oil prices rise

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, rose by 23 cents on Dec.29 compared to the previous price, making up $51.2 per barrel, Trend reports with reference to the source from the country's oil and gas market.
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New wind farm project in Azerbaijan to help save gas

The project related to the 240 megawatt wind farm to be built in Azerbaijan will give additional impetus to the development of its economy, make a great contribution to ensuring energy sustainability, help save gas and have a positive impact on the environment, President of Azerbaijan’s Azerenergy Open Joint Stock Company Baba Rzayev said.
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