Azerbaijan and Kazakhstan are preparing to sign an agreement on strategic partnership in the energy sector

In January-July 2024, 10 billion 272 million 795.7 thousand manats of taxes were received through the State Tax Service under the Ministry of Economy to the state budget.

The first seismic exploration at the Azeri-Chirag-Deepwater Gunashli (ACG) field, which began in January 2024, completed ahead of schedule and with a budget less than planned, a letter from BP Regional President for Azerbaijan, Georgia and Türkiye  Gary Jones addressed to Azerbaijani Prime Minister Ali Asadov on the occasion of the completion of the first stage of the seismic research program at the field using new four-dimensional (4D) high-precision marine sensors.

The government of Azerbaijan has stopped regulating the cost of road bitumen in the domestic market since August 1. Deregulation may cause higher prices against the background of active demand for bitumen from local road construction companies, market participants believe.

In January-June 2024, the reserves of commercial natural gas in Azerbaijan amounted to 21 billion 870.9 mcm, taking into account the remaining reserves at the beginning of the year, the report of the State Statistics Committee of the Republic of Azerbaijan. According to the data, in the first half of the year, 27.5% of commercial volumes of natural gas were consumed, and 59.8% were exported, 10.2% of the volumes were reserves at the beginning of July, another 2.5% accounted for technical and commercial losses (546.77 mcm.)