Azerbaijan Government Expects a 1 Million Ton Decline in Oil Production

Kazakhstan is exploring the possibility of increasing its annual oil shipments through the Baku-Tbilisi-Ceyhan (BTC) pipeline from the current 1.5 million tons to 20 million tons,

Southern Gas Corridor does not transport Russian gas to the EU, the European Commission's (EC) climate and energy representative, Tim McPhee,  said in response to unfounded claims directed at Baku regarding Russian gas supplies.

The share of the non-oil and gas sector in Azerbaijan’s Gross Domestic Product (GDP) is expected to rise from 68% to 71.3% by 2025,  the Chairman of the Parliamentary Committee on Economic Policy, Industry, and Entrepreneurship, Azer Amiraslanov,  stated during a plenary session of the Milli Majlis.

The first container train has been launched from Baku through the ferry to Kazakhstan and onward to Xi'an, China. The train, consisting of 62 containers with petroleum coke, will reach its destination in just 12 days (by December 5).