Energy - 2024
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Kazakhstan is exploring the possibility of increasing its annual oil shipments through the Baku-Tbilisi-Ceyhan (BTC) pipeline from the current 1.5 million tons to 20 million tons,
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Southern Gas Corridor does not transport Russian gas to the EU, the European Commission's (EC) climate and energy representative, Tim McPhee, said in response to unfounded claims directed at Baku reg...
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The share of the non-oil and gas sector in Azerbaijan’s Gross Domestic Product (GDP) is expected to rise from 68% to 71.3% by 2025, the Chairman of the Parliamentary Committee on Economic Policy, Ind...
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Azerbaijan’s oil production in 2024 is projected to be 29.2 million tons, said Economy Minister Mikayil Jabbarov during the discussion of the 2025 state budget in the Milli Majlis (Parliament).
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The first container train has been launched from Baku through the ferry to Kazakhstan and onward to Xi'an, China. The train, consisting of 62 containers with petroleum coke, will reach its destination...
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BP Azerbaijan announced that Chingiz Hajiyev has been appointed Vice President for Business Development in the Caspian Region, effective January 2025. In his new role, Hajiyev will become a member of...
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Azerbaijan has initiated budget reforms as part of its efforts to combat climate change and protect the environment, Finance Minister Samir Sharifov announced during a plenary session of the Milli Maj...
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SOCAR Green, a subsidiary of the State Oil Company of Azerbaijan (SOCAR), has entered into a partnership with Schlumberger (SLB), the world’s largest oilfield services company, to jointly explore Azer...
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Kazakhstan is interested in the construction of a new gas pipeline to transport Russian gas to China through its territory, should Moscow and Beijing reach an agreement, Kazakhstan's Minister of Energ...
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Brent crude oil is expected to average $76 per barrel in 2025, according to analysts at “Goldman Sachs.” They believe the market will still face a modest global oil surplus in the coming year. The tar...









