EC: Southern Gas Corridor Does Not Transport Russian Gas to the EU

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,

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.

Azerbaijan’s oil production in 2024 is projected to be 29.2 million tons, said Economy Minister Mikayil Jabbarov during the discussion of the 2025 state budget in the Milli Majlis (Parliament).

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).