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KazTransOil increased the volume of oil transported to Kazakhstan’s refineries by 4 percent in the first nine months of 2025 compared to the same period last year, maintaining stable shipments on key pipeline sections. trend.az »
KazTransOil’s oil cargo turnover increased in the first nine months of 2025 compared to the same period last year, despite a slight decrease in the total volume of oil and oil products transported and transshipped. trend.az »
Iran has begun development operations at the Yaran oil field, shared with Iraq, starting with the drilling of the first well that has already reached about 1,400 meters in depth. trend.az »
Azerbaijan’s exports of crude oil and petroleum products to Ireland surged to around 332,000 tons, valued at roughly $175 million, marking a sharp increase from last year. trend.az »
From January through September 2025, Azerbaijan exported 223,300 tons of crude oil and petroleum products worth $126. 5 million to the Netherlands. This represents an 18. 4% increase in value and a 32. trend.az »
From January through September 2025, Azerbaijan exported 998,600 tons of crude oil and petroleum products worth $537. 8 million to Croatia. This marks a 14% drop in value and a 0. 6% decrease in volume compared to the same period last year. trend.az »
Kazakhstan's exports of crude oil and raw petroleum products derived from bituminous minerals to Netherlands saw a notable boost in both volume and value, despite an overall decline in the country’s foreign trade and oil export revenues. trend.az »
Azerbaijan’s oil exports to Thailand have fallen sharply in the first nine months of the year, totaling about 130,000 tons worth $76 million. trend.az »
Azerbaijan’s oil exports to Tunisia have dropped sharply in the first nine months of the year, falling by about half in both value and volume compared to last year. trend.az »
Azerbaijan’s oil exports to Austria have increased in volume during the first nine months of the year, reaching around 90,000 tons, though the total value fell to roughly $43 million. trend.az »
Azerbaijan exported 714,300 tons of crude oil and petroleum products worth $385.1 million to Portugal from January to September, marking a slight increase in volume but a decline in value compared to last year. trend.az »
Azerbaijan exported 1.3 million tons of oil and petroleum products to the Czech Republic in the first nine months of 2025. The export was valued at $701.4 million. Compared to last year, volume rose by 60,000 tons, while value dropped by $88.7 million. trend.az »
Total DoC crude oil output averaged 43.05 mb/d in September 2025, up 630,000 b/d month-on-month, according to the latest OPEC data. trend.az »
Iran’s crude oil supply climbed to 3.3 million barrels per day (mb/d) in September, up by 150,000 barrels per day, marking one of its strongest production levels in recent years, according to the International Energy Agency (IEA). trend.az »
Global oil demand is projected to increase by around 1.3 million barrels per day (mb/d) in 2025, according to OPEC’s latest assessment. trend.az »
In March–September 2025, Iran’s AOGPC boosted oil output by 31,000 barrels per day. The company completed over 58 operations on oil and gas wells. It also produced 3.62 million barrels using MOT and MOS equipment in the South Oil Zones. trend.az »
Iran has increased its crude oil production by over 120,000 barrels per day in the past year, despite sanctions and economic pressures. trend.az »
Global liquid fuels consumption is expected to rise in both 2025 and 2026, driven largely by non-OECD countries, according to the latest outlook from the U.S. Energy Information Administration (EIA). trend.az »
Khuzestan province in southwestern Iran attracted around $7 million in foreign investment in the oil, industry, and services sectors during the first half of the Iranian year, contributing to a total of roughly $640 million in foreign investment across the region. trend.az »
Kazakhstan’s investment landscape is shifting, with only 35 percent currently going to oil and gas. The country is focusing on AI, renewables, and petrochemical development, while OPEC warns of massive global oil sector investment needs by 2050. trend.az »
Fitch forecasts stable oil and gas revenues for Azerbaijan until 2027, with declining oil production and growing gas production, and notes that the start of development of the Karabakh field and the expansion of the country's transit role could attract foreign investment. trend.az »
Iran’s oil and gas sector posted modest growth in GDP during the first quarter of the current Iranian year, reaching nearly $11 billion, up slightly from last year. Despite this increase, overall GDP measured by crude oil value slipped by 0. trend.az »
Azerbaijan’s oil exports to Thailand dropped sharply in the first eight months of the year, falling to about 138,000 tons valued at $76 million, down from nearly 377,000 tons worth $234 million last year. trend.az »
Azerbaijan’s oil exports to Tunisia fell to roughly 102,000 tons, generating about $190 million in revenue in the first eight months of the year, down significantly from last year. trend.az »
Àìåðèêàíñêèé ïèëîò êîìàíäû Dams Lucas Oil Äæåê Êðîóôîðä ñòàë ïîáåäèòåëåì Ãðàí-ïðè Àçåðáàéäæàíà "Ôîðìóëû 2". Êàê ñîîáùàåò Vesti. az, âòîðûì ê ôèíèøó ïðèøåë Äæîøóà Äþðêñåí èç AIX Racing, à òðåòüèì - Äèíî Áåãàíîâè÷ èç Hitex TGR. vesti.az »
The complex reported strong results in the processing of hydrocarbons and the production of various petroleum products. trend.az »
Azerbaijan significantly increased its exports of oil and petroleum products to Italy from January through August this year, becoming the largest supplier to that country. trend.az »
Azerbaijan's exports of crude oil and petroleum products to India fell sharply in both value and volume terms from January through August 2025 compared to the same period last year. trend.az »
Germany significantly increased its purchases of Azerbaijani oil to 842,000 tons, worth $445 million, in the first eight months of the year, up more than 36% in volume from last year. trend.az »
From January through August of the current fiscal year, Azerbaijan has demonstrated an uptick in the exportation of hydrocarbon resources and refined petroleum derivatives to the United Kingdom, characterized by increased volumetric output yet a diminished aggregate monetary valuation relative to the corresponding timeframe of the preceding year. trend.az »
KazTransOil has completed the replacement and connection of a 13. 5 km section of the Uzen–Atyrau–Samara oil pipeline in Kazakhstan’s Mangystau region. The work is part of a broader 2021–2025 investment program to modernize 76. trend.az »
Global investment in oil and gas has averaged around $550 billion annually since 2019, but nearly 90% of that spending is directed at replacing output lost from declining fields rather than boosting supply, according to the International Energy Agency (IEA). trend.az »
From January to August 2025, Azerbaijan exported 81,700 tons of crude oil and related products to France, worth $41. 3 million. Compared to the same period last year, export value rose by $15. 8 million, while volume decreased by 8,011 tons. trend.az »
Commercial oil inventories in OECD Europe slipped by 2.1 million barrels (mb) in July, leaving total stocks at 920 mb, according to the International Energy Agency’s latest outlook. trend.az »
Global oil inventories increased for the sixth consecutive month in July, climbing by 26.5 million barrels (mb) and bringing total builds since the start of 2025 to 187 mb, the International Energy Agency (IEA) reported. trend.az »
Azerbaijan brought in a whopping 734,800 tons of crude oil and products from bituminous rocks, raking in a cool $353.8 million from January through July 2025. trend.az »
Global oil demand is projected to increase by 1.38 million barrels per day (mb/d) in 2026, reaching 106.52 mb/d, according to OPEC’s latest outlook. trend.az »
Russia’s oil exports fell by 70,000 barrels per day (b/d) to 7.3 million b/d in August, according to the International Energy Agency (IEA). trend.az »
Oil demand in OECD countries rose by 570,000 barrels per day (b/d) year-on-year in June, marking the fastest pace of growth in eight months, according to the International Energy Agency’s latest outlook. trend.az »
Global oil demand is projected to increase by 1.29 million barrels per day (mb/d) in 2025, reaching 105.14 mb/d, according to OPEC’s latest outlook. trend.az »
Russia’s oil production is projected to reach 10.65 million barrels per day (mb/d) in 2026, according to the latest forecast from the U.S. Energy Information Administration (EIA). trend.az »
Global oil consumption is expected to keep rising through 2026, with nearly all demand growth coming from emerging economies, according to the U.S. Energy Information Administration (EIA). trend.az »
The U.S. Energy Information Administration (EIA) forecasts that oil production in the Middle East will reach 3.31 million barrels per day (mb/d) by 2026. trend.az »
Global oil inventories are set to increase sharply through 2025 and 2026, putting sustained downward pressure on crude prices, the U.S. Energy Information Administration (EIA) said in its latest outlook. trend.az »
Azerbaijan’s state budget revenues for the first half of 2025 surpassed forecasts by 3.7%, driven by increased transfers from the State Oil Fund despite a decline in direct oil and gas tax revenues, highlighting a growing fiscal reliance on oil fund transfers. trend.az »
Iran has launched the collection of flare gas from eight oil fields, according to Oil Minister Mohsen Paknejad. The newly commissioned NGL-3100 plant is designed to process up to 240 million cubic feet of gas daily. trend.az »
During a visit to Kazakhstan's Mangystau region, KazMunayGas Chairman Askhat Khassenov reviewed the TUMAR intelligent safety system at the Zhetybay oil field. Designed to enhance worker safety during hazardous operations, TUMAR uses machine learning and computer vision to monitor PPE use, hydraulic wrench operations, and danger zones. trend.az »
In the first seven months of 2025, 16. 2 million tons of oil were transported through the BTC pipeline, down 5. 9 percent from last year. Azerbaijani oil made up 83. 6 percent (13. 5 million tons), with 16. trend.az »
In the first seven months of 2025, 21. 5 million tons of oil were transported through Azerbaijan’s main pipelines, down 5. 3 percent from last year. The Baku-Tbilisi-Ceyhan (BTC) pipeline accounted for 75 percent of this volume, transporting 16. trend.az »
Global crude oil prices are set to decline sharply in the coming months as supply growth outstrips demand, according to the latest outlook from the U.S. Energy Information Administration (EIA). trend.az »
