Tag Archives: Azerbaijan

Azerbaijan to Increase Gas Supplies to Turkey by about 17%

With the expansion capacity of the Trans-Anatolian Natural Gas Pipeline (TANAP) Project, Azerbaijan will correspondingly increase its gas exports to Turkey to 10.2 billion cubic meters (bcm) per year, Azerbaijan’s Ambassador to Türkiye, Rashad Mammadov, told Anadolu Agency in an exclusive interview. According to the Natural Gas Market 2022 Sector …

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Azerbaijan Boosts Gas Exports to Europe

Amid a slump in EU gas prices, the continent is rushing to diversify its natural gas imports. Oilprice.com wrote yesterday that Russian gas giant Gazprom has seen its 2022 revenue and market share in Europe collapse as a result of Western sanctions. While Russia is busy trying to re-route exports …

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Azerbaijan Produces 533,000 Barrels of Crude Oil per Day in January 2023

“In January 2023, the daily oil production (including condensate) in Azerbaijan totaled to 652,000 barrels, including 533,000 barrels’ crude oil and 119,000 barrels’ condensate,” the Ministry of Energy told AZERTAC. According to the new commitments of the participating countries of the Declaration of Cooperation, Azerbaijan’s commitment to cuts is 33,000 …

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