Industry experts


EIA forecasts stable oil production in Azerbaijan for 2021-2022

In January, 2021 Azerbaijan increased daily oil production by 8,000 barrels and kept production at the level of 595,000 barrels.


ConocoPhillips to buy Concho Resources for $9.7 billion in 2020’s top shale deal

ConocoPhillips (N:COP) on Monday agreed to buy U.S. shale oil producer Concho Resources Inc (N:CXO) for $9.7 billion, as the energy sector consolidates further on the back of lower fuel prices and demand.

Total investments in Azerbaijan’s oil sector exceed $106 billion

According to Azernews, ver $106 billion were invested in Azerbaijan’s oil sector in the period between 1995 and 2019, Energy Minister Parviz Shahbazov has said.


Iran’s Vice President says US failed to stop Iranian oil exports

The United States has failed to stop the Iranian oil exports despite the intention to bring it to zero, said First Vice President of Iran Eshaq Jahangiri.