Energy
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As part of the Istanbul Energy Forum, meetings were held in both bilateral and trilateral formats, with the participation of Azerbaijan's Energy Minister Parviz Shahbazov and Türkiye's Energy and Natural Resources Minister Alparslan Bayraktar.
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On November 22, as part of the Istanbul Energy Forum, Azerbaijan's Energy Minister Parviz Shahbazov met with Hungary's Minister of Foreign Affairs and Trade, éter Szijjártó.
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From January to October 2024, Azerbaijan exported 495,484.05 tons of petroleum products, amounting to $309.02 million, the monthly report of Azerbaijan's State Customs Committee. According to the report, the value of petroleum product exports decreased by 40.3% compared to the same period in 2023, and the volume dropped by 40.7%. In 2023, Azerbaijan exported 925,225.07 tons of petroleum products worth $572.21 million.
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Last week, KazMunayGas and “Tatneft” (Russia) began drilling the first exploratory well at a depth of 5,500 meters at the Karaton Podsolevoi site, according to a press release from KazMunayGas (KMG). The goal of the exploration well is to discover deep oil and gas productive layers.
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