Azerbaijan's Gas Production Increased by 5.2%, Oil Volumes Decreased by 4%

President Ilham Aliyev has approved the extension of the VAT exemption on the import and sale of electric vehicle charging stations for another two years. The state has approved a law making the relevant changes to the Tax Code. According to the amendments, the VAT exemption period for the import and sale of charging stations has been extended from three years (set to expire on January 1, 2025) to five years, until January 1, 2027. Previously, the Milli Majlis of Azerbaijan approved the corresponding amendments to the Tax Code.

In the first three quarters of the current year, Azerbaijan refined 5 million tons of crude oil, the Ministry of Energy of Azerbaijan reported. According to the Ministry, 4.9 million tons were refined at the Baku Oil Refinery named after H. Aliyev in January-September of last year, indicating a 2% increase in crude oil processing during the reporting period.

Starting December 2 of this year, Elkhan Mammadov will take on the position of Senior Vice President of BP Group for production, BP-Azerbaijan announced.

More than 80 million kWh of "green energy" has already been produced in the Lachin region, Tofig Islamov, acting director of the Restoration, Construction, and Management Service in Lachin, stated at a panel discussion as part of the Caspian Construction Week. According to him, hydroelectric power stations have been created and continue to be built in the Lachin region in line with the "green energy" strategy.