The Current Budget of Azerbaijan’s State Oil Company Was Approved Only in February

Europe needs gas supplies and cannot afford to exclude the possibility of transit of blue fuel from Azerbaijan through Ukrainian territory, the head of the Austrian oil and gas company OMV, Alfred Stern, said in an interview with the Neue Zürcher Zeitung newspaper. "We need to increase the supply of all energy carriers, including gas. And we cannot afford to exclude anything. I would never place myself in the hands of just one supplier in the future. The rest is a political issue," said the head of OMV in response to a question about his support for gas transit from Azerbaijan through Ukraine.

In 2024, the production of condensate in Azerbaijan amounted to 5 million 292.34 thousand tons, by 1.7% higher than  in 2023, the  report of the State Statistics Committee of the Republic of Azerbaijan.

The production of associated gas in Azerbaijan in 2024 amounted to 15 billion 112.09 mcm, the  report of the State Statistics Committee's of the Republic of Azerbaijan. According to statistical data, the production of associated gas increased by 0.2% compared to 2023. Of this volume, 3 billion 804.91 mcm was marketable gas (an increase of 6.7%).

In 2024, Georgia purchased electricity from Azerbaijan worth $10.97 million, which accounted for about 47% of the country’s total electricity imports,  the monthly report of the National Statistics Service of Georgia. According to the statistical data, Tbilisi imported more than 1.2 billion kWh of electricity worth over $23.4 million last year.