Azerbaijan reduced oil imports from Turkmenistan and significantly increased its purchases from Russia

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 bulletin "Foreign Trade Relations of Azerbaijan," prepared by the State Statistics Committee of the Republic of Azerbaijan.

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 Trade Relations of Azerbaijan," prepared by the State Statistics Committee of the Republic of Azerbaijan.

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 cooperation and diversification of joint activities, M.Jabbarov  wroteon his X (formerly Twitter) account.