Energy - 2024
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From January to October this year, the State Oil Fund of Azerbaijan (SOFAZ) earned $5.334 billion from the development of the Azeri-Chirag-Gunashli (ACG) oil fields, located in Azerbaijan’s sector of...
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From January to October this year, the State Oil Fund of Azerbaijan (SOFAZ) earned $416.174 million from the development of the “Shah Deniz” gas field in Azerbaijan’s sector of the Caspian Sea. Accord...
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The Cabinet of Ministers has amended the decree from April 22, 1998, “On Customs Duty Rates for Export-Import Operations.” Prime Minister Ali Asadov signed the new decree on November 7, 2024.
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The energy ministers of Azerbaijan and Kazakhstan discussed issues related to the "green energy" corridor between Central Asia and Azerbaijan during a meeting in Italy, according to Azerbaijan's Minis...
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Uzbekistan, Azerbaijan, and Kazakhstan will create a joint venture to implement the "green corridor" project, Uzbekistan’s Deputy Energy Minister Umid Mamadaminov announced.
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Azerbaijan, a reliable partner in energy security, is currently implementing mega-projects that will increase the share of renewable energy in electricity generation to 35.5% and reduce greenhouse gas...
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Since the beginning of 2024, electricity supplies from Armenia to Iran have already surpassed the annual average of several previous years, according to Armenia's Minister of Territorial Administratio...
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KazMunayGas (KMG) and “Axens” are considering the possibility of jointly producing eco-friendly aviation fuel in Kazakhstan, according to the press service of the national company.
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European countries are interested in continuing Russian gas transit through Ukraine, but Ukraine remains an unreliable transit country, said Russian Deputy Prime Minister Alexander Novak during a meet...
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Potential new European Commissioner for Energy, Dan Jørgensen, aims to accelerate the EU's exit from Russian gas. He plans to present a roadmap for this transition by 2027 within the first three month...
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The Ministerial Monitoring Committee (JMMC) will discuss the current state of the global oil market in December and make decisions regarding further actions for OPEC+, according to Russian Deputy Prim...
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Oil prices for benchmark grades have decreased for the second consecutive day, driven by a stronger US dollar and expectations of lower global demand for fuel, reports MarketWatch.
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Saudi Arabia will lower oil prices for Asia and the United States in December, while raising prices for buyers from Western Europe and the Mediterranean, according to the state-owned company Saudi Ara...
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Oil and natural gas will remain a stable part of the global energy balance for the coming decades, with demand expected to remain robust, said OPEC Secretary-General Haitham al-Ghais at the African En...













