Quality over quantity: Azeri Light seeks its place in a changing oil market

Azeri–Chirag–Gunashli, the offshore field complex that has served as Azerbaijan’s principal source of oil revenue for nearly three decades, is entering a new economic phase. Rather than pursuing rapid production growth, the BP-led consortium is...

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....

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...

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...