BAKU, Azerbaijan, Oct. 19 (UPI) -- Azerbaijan in the first nine months of the year produced significantly more oil than expected, the minister of industries and energy said.

BAKU, Azerbaijan, Oct. 16 (UPI) -- Production at the offshore Shah Deniz gas field is in decline due to the halt in production from a third well overseen by a division of BP, Baku says.

BAKU, Azerbaijan, Oct. 6 (UPI) -- State Oil Co. of the Azerbaijani Republic President Rovnag Abdullayev said that future oil contracts may provide Azerbaijan $60 billion in foreign investment.

BAKU, Azerbaijan, Sept. 18 (UPI) -- Development of the second phase of the Shah Deniz gas and condensate field is delayed to 2016 because of a lack of export contracts, officials said.

BAKU, Azerbaijan, Sept. 18 (UPI) -- Iran is optimistic about the potential to expand its bilateral relationship with Azerbaijan in the energy sector, the Iranian ambassador to Baku said.

BAKU, Azerbaijan, Sept. 17 (UPI) -- The BP-led consortium managing the development of the Shah Deniz gas and condensate field in Azerbaijan halted production for repairs on one of its wells.

BAKU, Azerbaijan, Sept. 11 (UPI) -- The pace of oil refining in Azerbaijan declined compared with 2008, while production of liquefied gas extraction increased, the state energy company reported.

BAKU, Azerbaijan, Sept. 1 (UPI) -- Azerbaijan launched three deep-water wells at offshore fields near the municipality of Sahil near the coast of the Caspian Sea, the national oil company said.

BAKU, Azerbaijan, Aug. 31 (UPI) -- A delegation from Russian gas giant Gazprom met with their colleagues in Azerbaijan to discuss gas purchases and reconstruction of an export gas pipeline.