Share of Oil and Gas GDP in Azerbaijan's Economy to Fall Below 30% for the First Time

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,

Southern Gas Corridor does not transport Russian gas to the EU, the European Commission's (EC) climate and energy representative, Tim McPhee,  said in response to unfounded claims directed at Baku regarding Russian gas supplies.

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).