Energy
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The Central Bank of Azerbaijan (CBA) forecasts the average oil price for 2025 at $77.3 per barrel, the chairman of the CBA, Taleh Kazimov, stated at a press conference.
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Azerbaijan's Minister of Economy Mikayil Jabbarov and SOCAR President Rovshan Najaf held discussions with BP's Executive Vice President for Upstream and Operations, Gordon Birrell, on effective cooperation and diversification of joint activities, M.Jabbarov wroteon his X (formerly Twitter) account.
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The volume of Kazakh oil transit via the Baku-Tbilisi-Ceyhan (BTC) pipeline in 2025 is expected to be 1.5 million tons, the Ministry of Energy of Kazakhstan reported to Interfax-Kazakhstan. "In 2024, Kazakh oil transit via the BTC pipeline was 1.4 million tons, with a plan of 1.5 million tons. The plan for 2025 remains at the same level as in 2024 - 1.5 million tons of oil," the ministry said.It is worth noting that in 2023, over 1 million tons of Kazakh oil were shipped from the port of Aktau to the BTC system.
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Pipeline gas, LNG, and fertilizers from Russia should be included in the EU sanctions, and all previously imposed sanctions should remain in place for a long time, regardless of the establishment of peace in Ukraine, believes Belgian Prime Minister Alexander De Croo.
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