Washington: Commercial oil reserves in the US increased by 8,664 thousand barrels, reaching a total of 423,790 thousand barrels. This development was detailed in a report published by the Energy Information Administration (EIA) under the US Department of Energy. According to Azeri-Press News Agency, analysts had previously forecasted a smaller increase in US commercial oil … Read more
New York: The price of natural gas futures quotes on the New York NYMEX Commodity Exchange has dropped, APA-Economics reports. According to Azeri-Press News Agency, the price of natural gas futures for March delivery decreased by 1.11% to 3.311 US dollars per 1 million BTU (British thermal unit).
Aktau: Treatment of four individuals injured in the crash of an Azerbaijan Airlines passenger plane on the Baku-Grozny flight near Aktau is ongoing in medical institutions under the jurisdiction of TABIB. The injured include three women and one man, as reported by TABIB to APA. According to Azeri-Press News Agency, one woman is receiving medical … Read more
Baku: Last year, 19 wells were drilled in the Azeri-Chirag-Gunashli (ACG) field block located in the Azerbaijani sector of the Caspian Sea, BP’s Vice President for Wells in Azerbaijan, Georgia, and Trkiye, Russell Morris said at the “IADC Drilling Caspian 2025” drilling conference held in Baku, APA-Economics reports. According to Azeri-Press News Agency, 18 wells … Read more
Baku: Tomorrow, the next batch of humanitarian aid from Azerbaijan to Ukraine will be dispatched, APA reports. The humanitarian aid will mainly consist of electrical equipment. According to Azeri-Press News Agency, by the relevant Order of President Ilham Aliyev, funds amounting to the manat equivalent of 1 million US dollars were allocated from the Reserve … Read more
Baku: A notification has been officially sent to the US, stating that the United States Agency for International Development (USAID) lacks a legal basis for its activities in Azerbaijan and must cease operations. This was conveyed by Aykhan Hajizada, the press secretary of the Azerbaijani Foreign Ministry, in response to an inquiry from APA. According … Read more
Baku: BP has announced its plan to drill five production wells this year at the Azeri Central East (ACE) platform, which is part of the Azeri-Chirag-Guneshli (ACG) oil field. Russell Morris, BP’s Vice President for Wells in Azerbaijan, Georgia, and Trkiye, shared this information with journalists, as reported by APA-Economics. According to Azeri-Press News Agency, … Read more
Baku: More than 15 enterprises are currently under construction in industrial parks located in the liberated areas, as part of an ongoing effort to attract investors and establish new industrial ventures, Seymur Adigozelov, Chairman of the Board of the Agency for Development of Economic Zones under the Ministry of Economy of Azerbaijan, announced during a … Read more
Baku: The revenue from the equity portfolio of the State Oil Fund of Azerbaijan (SOFAZ) amounted to $6.3 billion by the end of 2024, which is a 1.5% decrease compared to the third quarter of the previous year, SOFAZ said in response to APA’s inquiry. According to Azeri-Press News Agency, the Fund has invested $7.1 … Read more
