Energy

In January-November 2024, Azerbaijan imported 513.5 mcm of natural gas worth nearly $82 million. In the same period of 2023, Azerbaijan imported 2 billion 217.7 mcm of natural gas,  the monthly bullet...

In January-November 2024, Azerbaijan imported 1.724 million tons of crude oil worth $948.86 million, the monthly bulletin "Foreign Trade Relations of Azerbaijan," prepared by the State Statistics Comm...

In January-November 2024, Azerbaijan spent $306.1 million on fuel imports (gasoline, diesel fuel, and aviation kerosene), by 74% more than in the same period of 2023,  the monthly bulletin "Foreign Tr...

The Central Bank of Azerbaijan (CBA) forecasts the average oil price for 2025 at $77.3 per barrel, the chairman of the CBA, Taleh Kazimov, stated at a press conference.

Azerbaijan's Minister of Economy Mikayil Jabbarov and SOCAR President Rovshan Najaf held discussions with BP's Executive Vice President for Upstream and Operations, Gordon Birrell, on effective cooper...

The volume of Kazakh oil transit via the Baku-Tbilisi-Ceyhan (BTC) pipeline in 2025 is expected to be 1.5 million tons,  the Ministry of Energy of Kazakhstan  reported to Interfax-Kazakhstan. "In 2024...

Pipeline gas, LNG, and fertilizers from Russia should be included in the EU sanctions, and all previously imposed sanctions should remain in place for a long time, regardless of the establishment of p...

In 2025, Europe will have to increase its purchases of liquefied natural gas (LNG) by nearly 16% due to the lack of Russian gas transit through Ukraine, the report of the International Energy Agency (...

The net profit of the American oilfield services company Halliburton Inc. in 2024 amounted to $2.501 billion, which is a 5.2% decrease compared to the previous year.

Gas reserves in Europe’s underground storage facilities (UGS) have dropped below 59%, and daily withdrawals have exceeded 1 bcm for the first time since 2021, according to data from Gas Infrastructure...

The International Energy Agency (IEA) reported in its gas market report that global gas demand in 2024 will increase by 2.8%, reaching a record 4.212 trillion cubic meters.

In 2023, Azerbaijan produced 4 million 369.8 thousand tons of fuel (automotive gasoline, diesel fuel, and aviation kerosene), whereas last year the total volume amounted to only 3 million 906.9 thousa...

According to preliminary data, in the past year, Azerbaijan's gross domestic product (GDP) amounted to 126.3 billion manats (approximately $74.3 billion at the current exchange rate),  a 4.1% increase...

In 2024, the total volume of oil and condensate production in Azerbaijan amounted to 29 million 63 thousand tons, the monthly report by the State Statistical Committee of the Republic of Azerbaijan.

The Trans Adriatic Pipeline (TAP AG) consortium has developed a roadmap for preparing to transport hydrogen, according to TAP AG. “TAP’s goal is to develop infrastructure for hydrogen transportation....

Azerbaijan’s Minister of Ecology and Natural Resources, COP29 President Mukhtar Babayev, emphasized the importance of increasing global contributions to climate change financing.