Energy - 2023
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On November 15, following the meeting of the Energy Ministers of Azerbaijan and Serbia in Baku, SOCAR and “Srbijagas” signed a commercial agreement on the supply of Azerbaijani gas to Serbia in 2024...
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In October 2023, oil production in Azerbaijan amounted to 489 thousand b/d against the indicator of September 2023 at the level of 491 thousand b/d. According to the Ministry of Energy of Azerbaija...
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The export of gas volumes declared at customs from Azerbaijan in January-October 2023 amounted to 22 billion 916 million 30.25 thousand cubic meters, by 24.7% higher than in 10 months of 2022. Gas...
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In January-October 2023, the export of declared oil from Azerbaijan amounted to 22 million 268 thousand 796.3 tons, by 1.8% lower than in the 10 months of 2022. The value of oil exported during th...
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In January-September 2023, Azerbaijan imported 64 thousand 302.14 tons of AI-92 motor gasoline, by 67.7% lower than the same period last year. The cost of gasoline imported during this period amounted...
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The amendments to the Tax Code, which are currently being considered by the legislature provide for the exemption of oil and gas swap operations from VAT for a period of three years from January 1,...
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In January-October 2023, electricity production in Azerbaijan increased by 1.2% compared to the same period last year - up to 24 billion 32.8 thousand kWh. During the reporting period, 22 billion...
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The Akkuyu nuclear power plant project, being built by “Rosatom” in Türkiye, is being implemented on schedule, the transition to commissioning at the first unit is planned by the end of the year, stat...
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In January-October 2023, the export shipment of oil by “KazTransOil” JSC from the port of Aktau (Kazakhstan) increased by 54% compared to the same period last year and reached 2.8 million tons. In par...
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Oil prices have significantly accelerated the decline in world markets. The cost of January Brent crude futures on the London ICE Futures exchange amounted to $77.38 per barrel, by $3.8 (4.68%) lower...









