Azerbaijan supports the efforts for ensuring rapprochement of OPEC+ countries,Trend learned from the country’s energy ministry.

The supply of Azerbaijani oil via the Ukrainian Port of Odessa using the Druzhba pipeline’s southern section will not hinder the transit of Russian oil to the West via the same section of the pipeline, Trend reports referring to the Belarusian media.

In January 2020, Azerbaijan transported 23 million 213,895 barrels of oil via the Baku-Tbilisi-Ceyhan (BTC) oil pipeline to Ceyhan oil terminal in Turkey from where it was sent to world markets.

Talks on Azerbaijani oil supplies to Belarus have real grounds, Director General of the Information and Analytics Center of the Lomonosov Moscow State University Sergey Rekeda told Trend.

Azerbaijan state oil company SOCAR has various petroleum projects abroad, in countries such as Georgia, Turkey, Romania, Switzerland, Germany and Ukraine.

The STAR refinery of the State Oil Company of Azerbaijan (SOCAR) in Izmir will process 8 million tons of crude oil by the end of this year, Report informs with reference to SOCAR Turkey Energy.

Within 2018, 38 million 213,900 tons of crude oil (including gas condensate) and 19 billion 161.6 million cubic meters of natural gas were produced in Baku.

Average price of AZERI LT CIF, extracted at Azerbaijan's Azeri-Chirag-Gunashli block of fields, was $54.3 per barrel on Dec. 24-28, or $3.74 less than the previous week.

The price of the AZERI LT CIF oil, produced at the Azeri-Chirag-Gunashli block of oil and gas fields, amounted to $73.83 per barrel at the Italian port of Augusta on Aug. 14, or $0.08 more than on Aug. 13, a source in Azerbaijan's oil and gas market told Trend Aug. 15.

STAR oil refinery in Turkey has received the first batch of crude oil for processing from Azerbaijan, SOCAR Turkey Enerji said in a message Aug. 3.