Cooperation between Türkiye and Azerbaijan in the field of energy is rapidly developing. Turkish BOTAS and Azerbaijan’s SOCAR have established a joint venture to supply gas to Europe,” said Turkish Minister of Energy and Natural Resources Fatih Donmez as he addressed CNN Turk TV channel. He noted that the Balkan …
Read More »
“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 …
Read More »
Gazprom is actively working with Turkiye and other market participants on the gas hub in the republic, Russian Deputy Prime Minister Alexander Novak said in an interview aired by the Rossiya-24 TV news channel on Friday, adding that the decisions on the hub would be taken in 2023, TASS reports. …
Read More »
Oil prices have increased on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil rose $0.29 to trade at $68.68, while the price of Light crude oil at the NYMEX (New York Mercantile Exchange) increased $0.37 to stand at $64.17.
Read More »
Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel