Energy - 2024
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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...
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The COP29 conference revealed significant divisions between wealthy governments, with limited domestic budgets, and developing countries. The European Union, the United States, and other developed nat...
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On November 23, President Ilham Aliyev signed a decree to improve governance in electricity and water supply management and address related issues. According to the decree, the Cabinet of Ministers of...
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Azerbaijan currently exports oil to approximately 30 countries, and by December, the number of countries importing Azerbaijani gas is expected to reach 12, Azerbaijan's Energy Minister announced on No...
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Azerbaijan's oil production is expected to reach 640,000 barrels per day in 2025, according to forecasts from the International Energy Agency (IEA). The IEA has kept its oil production forecast for Az...
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As part of the Istanbul Energy Forum, meetings were held in both bilateral and trilateral formats, with the participation of Azerbaijan's Energy Minister Parviz Shahbazov and Türkiye's Energy and Natu...
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On November 22, as part of the Istanbul Energy Forum, Azerbaijan's Energy Minister Parviz Shahbazov met with Hungary's Minister of Foreign Affairs and Trade, éter Szijjártó.
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From January to October 2024, Azerbaijan exported 495,484.05 tons of petroleum products, amounting to $309.02 million, the monthly report of Azerbaijan's State Customs Committee. According to the rep...
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Last week, KazMunayGas and “Tatneft” (Russia) began drilling the first exploratory well at a depth of 5,500 meters at the Karaton Podsolevoi site, according to a press release from KazMunayGas (KMG)....
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Oil production in Iran has increased by more than 60,000 barrels per day since August 2024, according to Hamid Bovarad, CEO of the National Iranian Oil Company (NIOC). He added that by the end of the...
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"We need an agreement on a new ambitious climate finance goal here in Baku. Through various components, this goal should mobilize the funding necessary for developing countries," United Nations Secret...
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A balanced energy transition is key to global sustainability, said Haitham al-Ghais, Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), in his speech at a high-level me...
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Natural gas currently satisfies 23% of global primary energy needs, said Mohammad Hamel, Secretary-General of the Gas Exporting Countries Forum (GECF), at the COP29 summit. He emphasized the indispens...
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The European Union (EU) has warned participants at the 29th UN Climate Change Conference (COP 29) in Baku that any backsliding on the commitments made last year at COP 28 in Dubai regarding the transi...















