Energy - 2024
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The hydropower plants of Karabakh and Eastern Zangezur, which possess high hydroenergy potential, are the main source of "clean energy" in the region, Energy Minister Parviz Shahbazov stated this in a...
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In the first half of this year, the average price of a barrel of Azerbaijani oil “Azeri Light” was $86.5, the “Medium-Term Budget of the Republic of Azerbaijan for 2025-2028,” released by the Ministry...
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By 2027, Azerbaijan plans to implement projects for the construction of eight solar and wind power plants, with a total cost of $2.8 billion, funded by foreign and local investments, Energy Minister P...
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Azerbaijan, Kazakhstan, and Uzbekistan will sign an intergovernmental agreement on strategic partnership in the development and transfer of green energy at COP29, Energy Minister Parviz Shahbazov wrot...
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With the commissioning of new power plants, Azerbaijan's energy system capacity has reached 8,415.6 MW, marking a 4% increase compared to 2023, Energy Minister Parviz Shahbazov mentioned in an articl...
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A technical assignment is being prepared for the reconstruction of the "Araz" HPP in the Nakhchivan Autonomous Republic (NAR), according to director Shamil Amirov. He stated that energy production at...
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By 2030, the share of "green energy" could be increased to 34.7%, Energy Minister Parviz Shahbazov stated in an article published in the parliamentary newspaper "Azerbaijan." He noted that Azerbaijan...
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As part of ongoing efforts to implement environmentally friendly technologies, solar panels have been installed on the roof of one of the production workshops at the "Bibiheybat" Ship Repair Plant of...
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Non-oil and gas revenues now make up two-thirds of the federal budget in Russia, Finance Minister Anton Siluanov stated in an interview with RBC. He noted that oil and gas revenues will account for 2...
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OPEC has expressed skepticism regarding the International Energy Agency's (IEA) forecast of an "era of electricity," stating that it does not align with the IEA's own analysis or today's energy realit...
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Exchange prices for gas in Europe decreased by nearly 1% to $442 per thousand cubic meters at the end of trading on October 18, according to data from the London ICE exchange.










