Tag Archives: oil

Azerbaijan was Georgia’s main bitumen supplier in 2020, accounting for 63.8 percent of this country’s total imports of bitumen, Azertag has reported. In 2020, Azerbaijan exported 82,100 tons of oil bitumen to Georgia. Overall, Georgia imported 128,700 tons of oil bitumen in 2020, which is by 24.3 percent or 41,300 …

Iran has no plans to leave the Organization of the Petroleum Exporting Countries despite being treated like an enemy by some fellow members, Oil Minister Bijan Zanganeh said in an interview published on Saturday, APA reports citing Reuters. “Iran has no plans to leave OPEC…and regrets that some members of OPEC have …

Canada’s Zenith Energy, which is the operator for development of Muradkhanli-Jafarli-Zardab block of onshore oil fields in Azerbaijan, has completed one offering in the United Kingdom and plans to complete another financing in Canada, Trend reports with reference to the company. The financings have been negotiated with a consortium of private and …

On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil increased $0.68 to trade at $61.77, while the price of Light crude at the NYMEX (New York Mercantile Exchange) rose $0.65 to stand at $53.78 on world markets.

Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $1.93 to stand at $58.27.

The price of Azerbaijani oil has increased after Christmas holiday on the world markets. The price of a barrel of Azeri Light crude rose $0.38 to stand at $55.04.

Average price of AZERI LT CIF, extracted at Azerbaijan’s Azeri-Chirag-Gunashli block of fields, was $62.34 per barrel on Nov. 26-30 or $2.74 less than the previous week.The highest price of AZERI LT was $63.13 per barrel, while the lowest price was $61.13 per barrel during the period.Azerbaijan sells AZERI LT …