Industry
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The merger of Azeripek and Azerkhalcha is intended to bring raw-material production, processing, craft heritage and exports under a single state roof. Yet the industry’s main problem is not its organisational structure but its weak economics....
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How maturing fields are reshaping the country’s budget, exports and economic model A new Caspian platform is slowing the depletion of the country’s largest oil asset, but it is not changing the direction of travel. Baku now faces the harder task of...
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SOCAR’s 2025 figures portray a company of enormous scale, but they do not settle the question of earnings quality. Azerbaijan’s state oil company generated AZN 86.3bn — about $50.8bn — in revenue, yet ended the year with net profit of roughly AZN...
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A decline in global consumption will not necessarily make oil cheaper immediately. As long as the Strait of Hormuz remains closed, supply is falling faster than demand. For Azerbaijan, this means a temporary increase in export revenues, but it does...
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