Energy - 2025
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The Supervisory Board of the State Oil Company of Azerbaijan (SOCAR) has approved the company's budget for 2025, the press service of SOCAR reported yesterday. At the meeting, which was chaired by t...
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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 Se...
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In 2024, Armenia produced 9,381.4 million kWh of electricity, by 6.5% more than in the same period of 2023, the National Statistical Committee of Armenia reported. The largest share of electricity ge...
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Turkmen natural gas supplies to Türkiye will begin on March 1, 2025, Türkiye's Minister of Energy and Natural Resources, Alparslan Bayraktar, announced on the social media platform X.
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Turkmenistan's natural gas production in 2024 amounted to 77.6 bcm, while crude oil extraction reached 8.3 million tons, the head of Turkmenistan's State Statistics Committee, Dowletgeldi Amanmuhamme...
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The Baltic States completed the synchronization of their electrical systems with the continental European grid on February 9, the Estonian Public Broadcasting Company ERR reported.
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The British oil and gas company BP has joined the list of European companies that reported a loss in Q4 of 2024. The company reported a loss of $1.959 billion for the period from October to December 2...
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The spot gas price in Europe (the "day-ahead" contract at the Dutch TTF hub) closed at $622 per thousand cubic meters yesterday. The price increased by 5% during the trading day.
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On the evening of last Friday, around 9 p.m., the Production Union "Azneft" (the extracting structure of SOCAR) confirmed a leak on an underwater oil pipeline in the Caspian Sea. This pipeline transpo...
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The international rating agency Fitch Ratings predicts that the gross revenue of the State Oil Company of Azerbaijan (SOCAR) in 2025 will reach $45.935 billion. According to Fitch, SOCAR’s operating p...
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Over the past 10 years, the State Electricity Distribution Company “Azərişiq” (the state monopoly for electricity distribution in Azerbaijan) has laid 20,000 km of power lines of various voltage level...
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Azerbaijan, Georgia, Türkiye, and Bulgaria have agreed on the text of a draft quadripartite Memorandum of Understanding on cooperation in the field of green energy transmission, the Ministry of Energy...
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China’s foreign exchange reserves, the largest in the world, increased by 0.2% in January, reaching $3.209 trillion, according to the State Administration of Foreign Exchange (SAFE). This came as a su...
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The European Union increased its oil purchases from the United States to a 10-year high - totaling $12.17 billion for all of 2024. According to data from the U.S. statistical agency, 173.8 million bar...
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The number of rigs worldwide in January reached 1,696, compared to 1,660 active units in December. However, the January 2025 figure was by 87 rigs lower than in January 2024, according to the American...
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The gas storage levels in Europe, a key indicator for the global market, have fallen below 50%, according to Gas Infrastructure Europe. The current level of reserves (49.95% as of the morning of Febru...















