In the company’s report for the first half of 2025, it states that during this period bp and its partners spent approximately $259 million on operating expenses and about $558 million on capital expenditures related to the ACG project activities.

In the first half of the year, as part of the 4D high-resolution marine seismic survey program at ACG, data collected in 2024 was processed, and data collection for the second year began in June.

The shares in ACG are as follows: bp (30.37%), SOCAR (31.65%), MOL (9.57%), INPEX (9.31%), ExxonMobil (6.79%), TPAO (5.73%), ITOCHU (3.65%), ONGC Videsh (2.92%).

The operator on behalf of the contracting parties to the ACG Production Sharing Agreement is BP Exploration (Caspian Sea) Limited.

In the first half of 2025, the ACG project continued to ensure stable and safe production. The total average production of ACG in the first half of 2025 was approximately 327,000 barrels per day (b/d) (about 59 million barrels, or 8 million tons in total) from the platforms Chirag (21,000 barrels per day), Central Azeri (86,000 barrels per day), West Azeri (75,000 barrels per day), East Azeri (42,000 barrels per day), Deepwater Gunashli (54,000 barrels per day), West Chirag (24,000 barrels per day), and ACE (25,000 barrels per day).

To date, a total of 1.1 billion barrels (154 million tons) of oil have been produced from the Central Azeri platform.

In the second quarter, ACG successfully resumed water injection at the Chirag platform after nearly a four-year pause. To achieve this, a series of important upgrades were carried out on the platform, including the redesign and modernization of water injection pumps, the reconstruction of the control system, and the drilling of a new injection well. The well was drilled using power from the topside structure and drilling generators, marking the first such case on the Chirag platform and eliminating the need for a separate diesel generator.

Additionally, in the second quarter, ACG safely and on schedule commissioned the first gas injection well on the ACE platform.

As of the end of June 2025, oil production was carried out from 143 wells, of which 46 were used for water injection and 10 for gas injection.

On Friday, August 8, the price of Brent crude fell below $66 per barrel for the first time since June 6, according to trading data. Futures prices fell to $65.8 per barrel.

It is worth noting that throughout the current week, “black gold” has ended with the largest decline since late June. The reason for this dynamic is investors’ concerns about the possible consequences of U.S. tariffs for the global economy, as well as the commissioning of OPEC+ spare capacities. This is because OPEC+ countries will end their voluntary production cuts of 2.2 million barrels per day a year earlier than planned (originally, the countries had agreed to gradually phase them out by the end of September 2026, instead of late 2024), according to Bloomberg.

Specifically, eight countries of the Organization of the Petroleum Exporting Countries Plus (OPEC+) — Russia, Saudi Arabia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman — agreed at the August 3 meeting to increase oil production in September by 548,000 barrels per day, according to the organization’s statement.

Russia, excluding the compensation plan, will be able to increase production in September to 9.449 million barrels per day; Saudi Arabia — 9.978 million barrels; Iraq — 4.220 million barrels; UAE — 3.375 million barrels; Kuwait — 2.548 million barrels; Kazakhstan — 1.550 million barrels; Algeria — 959 thousand barrels; Oman — 801 thousand barrels.

The price of Azerbaijani Azeri LT crude oil CIF on the global market decreased by $1.76, or 2.54%, to $67.66 per barrel on August 8.

The price per barrel of Azerbaijani oil on Azeri LT CIF terms and Free on Board (FOB) at the Turkish port of Ceyhan decreased by $1.76, or 2.59%, to $66.12. The average oil price in Azerbaijan’s state budget for 2025 is set at $70 per barrel. The lowest price for Azeri Light was recorded on April 21, 2020, at $15.81, while the historical peak of $149.66 was recorded in July 2008.

The European climate service Copernicus reported that July 2025 was the third-warmest July globally, with an average ERA5 surface air temperature of 16.68°C, 0.45°C above the 1991-2020 average for July. July 2025 was 0.27°C cooler than the record of July 2023, and 0.23°C cooler than July 2024, which was the second warmest.

The global average temperature in July 2025 was 1.25°C above the estimated 1850-1900 average used to define the pre-industrial level.

Европейская климатическая служба Copernicus сообщила, что июль 2025 г.  стал третьим самым теплым июлем в мире: средняя температура приземного воздуха составила 16,68 градусов по Цельсию, что на 0,45 градуса выше среднего показателя за июль 1991–2020 гг. Июль 2025 г. оказался на 0,27 градуса холоднее рекордного июля 2023 г. и на 0,23 градуса холоднее июля 2024 г., который был вторым самым теплым.

Глобальная средняя температура в июле 2025 г. была на 1,25 градуса по Цельсию выше предполагаемого среднего значения за период 1850–1900 гг., принятого за доиндустриальный.

In July, China’s export volume increased by 7.2% year-on-year — the highest growth since April — reaching $321.8 billion, according to China’s General Administration of Customs.

Imports grew by 4.1% year-on-year — the highest increase in a year — reaching $223.5 billion. The purchase volume hit a five-month high. In June, exports rose by 5.8% and imports by 1.1%.

In July, exports to Japan grew by 2.4%, to European Union countries by 9.2%, to South Korea by 4.6%, to ASEAN countries by 16.6%, and to Australia by 14.8%. Meanwhile, shipments to the United States fell by 21.7%.

From January to July, China’s exports increased by 6.1%, reaching $2.13 trillion. Exports to ASEAN countries rose by 0.2%, and to South Korea by 0.3%. Exports to the United States declined by 10.3%, to Russia by 7.7%, to India by 7.1%, and to the United Kingdom by 5.2%.

Shipments of agricultural products increased by 1.8%, fertilizers by 49.3%, and ships by 15.5% over the seven-month period.

China’s imports from January to July declined by 2.7%, totaling $1.45 trillion. Imports decreased from the United States (-9.3%), European Union countries (-4.2%), and Russia (-6.7%), while imports from ASEAN countries grew by 1.3%.

China’s positive trade balance in July rose to $98.23 billion, up from $85.27 billion in the same month of 2024.

The trade surplus for the seven-month period totaled $683.5 billion.

В июле объем китайского экспорта увеличился на максимальные с апреля 7,2% в годовом выражении и составил $321,8 млрд, сообщило Главное таможенное управления КНР.

Импорт вырос на максимальные за год 4,1% - до $223,5 млрд. Объем закупок обновил максимум за пять месяцев. В июне экспорт увеличился на 5,8%, импорт - на 1,1%.

Экспорт в Японию в июле вырос на 2,4%, в страны Евросоюза - на 9,2%, Южную Корею - на 4,6%, в государства АСЕАН - на 16,6%, в Австралию - на 14,8%. При этом поставки в США упали на 21,7%.

В январе-июле экспорт из Китая увеличился на 6,1%, до $2,13 трлн. В том числе поставки в страны АСЕАН повысились на 0,2%, в Южную Корею - на 0,3%. Экспорт в США сократился на 10,3%, в РФ - на 7,7%, в Индию - на 7,1%, в Великобританию - на 5,2%.

Поставки сельскохозяйственной продукции за семь месяцев выросли на 1,8%, удобрений - на 49,3%, судов - на 15,5%.

Импорт КНР в январе-июле сократился на 2,7% и составил $1,45 трлн. Снизились поставки из США (-9,3%), стран ЕС (-4,2%) и России (-6,7%), тогда как импорт из АСЕАН увеличился на 1,3%.

Положительное сальдо внешнеторгового баланса КНР в июле поднялось до $98,23 млрд с $85,27 млрд в том же месяце 2024 года.

Внешнеторговый профицит за семь месяцев составил $683,5 млрд.

Construction of Kazakhstan’s first nuclear power plant has officially begun in the area of the village of Ulken in the Almaty Region.

According to AZERTAC, citing Kazinform, the event was attended by Chairman of the Atomic Energy Agency of the Republic of Kazakhstan Almasadam Satkaliyev, Director General of the Russian state corporation Rosatom Alexey Likhachev, and other officials.

In his speech, Almasadam Satkaliyev noted that the current ceremony symbolizes the start of engineering and survey work — the main stage of preparations for the construction of a nuclear power plant in Kazakhstan. The results of this stage will determine not only the choice of the specific site and the plant’s configuration, but also its safety, reliability, and economic efficiency.

According to him, the nuclear power plant construction project is being implemented with public support.

The Kazakh official added, “The total investment in the project will amount to about 14–15 billion dollars. Another 1 billion dollars will be allocated for the construction of social facilities and modern infrastructure.”

A peace summit with the participation of President of Azerbaijan Ilham Aliyev and Prime Minister of Armenia Nikol Pashinyan will be held at the White House on Friday, U.S. President Donald Trump announced.

“President Aliyev and Prime Minister Pashinyan will join me at the White House for an official peace signing ceremony,” Trump posted on his Truth Social platform.

The U.S. leader stated that, in addition to the peace agreement between Armenia and Azerbaijan, bilateral economic agreements between the United States and each country are also planned to be signed.

“This will be a historic day for Armenia, Azerbaijan, the United States, and the entire world,” the U.S. President promised.

Мирный саммит с участием президента Азербайджана Ильхама Алиева и премьер-министра Армении Никола Пашиняна состоится в Белом доме в пятницу, заявил президент США Дональд Трамп.

"Президент Алиев и премьер-министр Пашинян присоединятся ко мне в Белом доме на официальной церемонии подписания мирного соглашения", - написал Трамп в соцсети The Truth Social.

Американский лидер объявил, что, кроме мирного соглашения между Арменией и Азербайджаном, также планируется подписание двусторонних экономических соглашений между США и каждой страной.

"Это будет исторический день для Армении, Азербайджана, Соединенных Штатов и всего мира", - пообещал президент США.

В районе поселка Улькен Алматинской области официально началось строительство первой в истории Казахстана атомной электростанции.

Как сообщает АЗЕРТАДЖ со ссылкой на Казинформ, в мероприятии приняли участие руководитель Агентства по атомной энергии Республики Казахстан Алмасадам Саткалиев, генеральный директор российской госкорпорации «Росатом» Алексей Лихачев и другие официальные лица.

Алмасадам Саткалиев в своем выступлении отметил, что нынешняя церемония символизирует начало инженерно-изыскательских работ – основного этапа подготовки к строительству атомной электростанции в Казахстане. От результатов этого этапа зависят не только выбор конкретной площадки и конфигурация станции, но и ее безопасность, надежность и экономическая эффективность.

По его словам, проект строительства АЭС реализуется при поддержке общественности.

Казахстанский чиновник добавил: «Общий объем инвестиций в проект составит около 14–15 миллиардов долларов. Еще 1 миллиард долларов будет направлен на строительство социальных объектов и современной инфраструктуры».