Energy - 2024
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Azerbaijani authorities have set the base oil price at $70 per barrel for the 2025 budget, while a preliminary price of $65 is projected for the following years (2026-2028), forecasts by the Ministry...
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The average annual export price for natural gas is expected to be $242 per thousand cubic meters in 2025 under the basic scenario, a document from the Ministry of Economy concerning the preliminary in...
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According to government forecasts, Azerbaijan's GDP is expected to reach 129.2 billion manats ($76 billion) in 2025, with the non-oil and gas GDP comprising 92.2 billion manats ($54.2 billion). By 202...
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Azerbaijan plans to install 7 GW of renewable energy capacity by 2030, Orkhan Zeynalov, Deputy Minister of Energy, said at the Caspian Energy Forum in Baku. Of the new green capacity, 2 GW will meet t...
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As part of COP29 activities, the joint venture SOCAR-UNIPER plans to launch a steam generator at the "Ethylene-Polyethylene" plant. Rashad Huseynli, head of Uniper's representation in Azerbaijan, stat...
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The gasification level in Azerbaijan is approaching 97%, a high figure compared to other countries, stated Azar Mammadov, the CEO of SOCAR's "Azerigaz" production association, during the "Caspian Gas...
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Azerbaijan will implement tax incentives for projects aimed at environmental restoration and renewable energy production, Ahmed Ahmedov, head of the monitoring department for legislation and business...
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The International Renewable Energy Agency (IRENA), the COP29 president, and the Ministry of Energy of Azerbaijan have announced the first Investment Forum on Energy Transition for Central Asia, to be...
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Armenian Prime Minister Nikol Pashinyan has not ruled out the possibility of importing gas from Azerbaijan in the future. Speaking at the Second World Armenian Summit, he discussed energy security.
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Armenia aims to construct a new nuclear power plant before the current one’s operational license expires in 2036.









