Baku: BP has announced a dramatic decrease in the planning time required for new oil and gas wells, reducing it from 300 days to just

Baku: The foreign exchange reserves of the Central Bank of Azerbaijan have reached $12.7124 billion as of May 26 this year. This information was reported

Baku: SLB and SOCAR are collaborating on a redevelopment project of the Bahar field, one of Azerbaijan’s oldest oil and gas sites, as revealed by

Baku: Azerbaijan and the Caspian region could become a world-class energy hub over the coming decades, said Giovanni Cristofoli, bp’s regional president for Azerbaijan, Georgia,

Baku: Our key priority is to ensure that our customers across the region are supplied with energy in a sustainable and reliable manner, while also

Baku: The price of Azerbaijan’s Azeri Light (CIF) crude oil has seen a significant increase on the global market. The cost of one barrel rose

Baku: XRG is actively engaging in discussions to further expand its activities in Azerbaijan, as revealed by Bassem Tadros, Chief Vice President for International Assets

Baku: bp is investing $2.9 billion in the Shah Deniz gas field, which could meet the United Kingdom’s gas demand for approximately 10 years, stated