Bp Has Decided to Sell a Non-Controlling Share in the Tap Project

In two days, it will be 30 years since the signing of the "Contract of the Century" - the production sharing agreement (PSA) for the deepwater Caspian fields of "Azeri-Chirag-Guneshli". The contract was initially signed for 30 years. However, on September 14, 2017, it was extended until 2050. Production of the first oil began in early November 1997.

In 2024, Azerbaijan will export a total of 25 bcm of gas, with 9.8 bcm going to Türkiye, and 12.5 bcm to Europe,  the Azerbaijani Energy Minister Parviz Shahbazov   stated on September 16 during a meeting with colleagues from the Turkic States Organization.

The official Bishkek has proposed that Azerbaijan enter into a long-term contract for the supply and processing of crude oil, reported the Kyrgyz Ministry of Energy yesterday.

A joint communiqué was signed on September 16 by the energy ministers of the Turkic Council (TC) in Bishkek, the Azerbaijani Ministry of Energy reported. Azerbaijan's Energy Minister Parviz Shahbazov, along with his counterparts from Türkiye, Kazakhstan, Kyrgyzstan, and Uzbekistan, expressed support in the communiqué for the creation of a TC Energy Coordination Committee, a Regional Technology and "Green" Initiatives Center, and "green" energy corridor projects.