Azerbaijan's Oil Fund assets grew by nearly $4 billion last year

At the beginning of this week, the European Commission announced the continuation of negotiations with Kyiv regarding the supply of gas to Europe via Ukraine, adding that it intends to involve Hungary and Slovakia in these talks.

The date for the 11th Ministerial Meeting of the Southern Gas Corridor (SGC) Advisory Council and the 3rd Ministerial Meeting of the Green Energy Advisory Council has been postponed.

BP-Azerbaijan (the project operator) forecasts the production of the first volumes of low-pressure gas from the "Shah Deniz" field in June 2029, the company's report.

In 2024, Azerbaijan's state budget received 17 billion 969.6 million manats from the oil and gas sector, by 1.1% higher than the forecast and  by 1% lower than  in  2023. According to the Ministry of Finance of Azerbaijan, during the reporting period, the oil and gas sector accounted for 48.4% of total budget revenues.