Energy - 2024
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On December 11, 2024, the President of Azerbaijan, Ilham Aliyev, approved a law on the adoption, approval, and authorization for the implementation of the "Second Appendix to the Agreement of Septembe...
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According to operational data, Azerbaijan produced 26.5 million tons of oil (including condensate) from January to November 2024, the monthly report from the Ministry of Energy of the Republic of Azer...
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From January to November 2024, Azerbaijan produced 45.8 bcm of gas (including volumes injected into oil wells). This represents an increase of 1.8 bcm compared to the same period last year.
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Azerbaijan is currently selecting a company to build the country's first industrial battery energy storage system, Deputy Minister of Energy, Elnur Soltanov, told journalists. The state-owned company...
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Spanish companies are expressing interest in investing in Azerbaijan's renewable and green energy sectors. This issue was discussed during a meeting between the agency's director, Javid Abdullayev, an...
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Freight transport along the Middle Corridor will be powered by green energy, according to Rovshan Rustamov, Chairman of Azerbaijan Railways (Azerbaijani Railways JSC). He highlighted that a joint proj...
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In the first ten months of 2024, Georgia produced 12.3 billion kWh of electricity, marking a 0.7% increase compared to the same period in 2023. According to the Electricity System Commercial Operator...
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Russian oil exports in November 2024 averaged 7.33 million barrels per day (bpd), consisting of 4.88 million bpd of crude oil and 2.45 million bpd of oil products, a decrease of 120,000 bpd compared t...
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On December 11, Austrian energy company OMV announced that it had terminated its gas supply contract with Gazprom Export, which had been signed in 2006 and was set to last until 2040. The company cit...
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Qatar’s sovereign Wealth Fund, Qatar Investment Authority (QIA), could double its size to $1 trillion over the next five years, driven by revenues from liquefied natural gas (LNG) sales. This forecast...
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In November 2024, the OPEC+ countries produced 35.23 million barrels of oil per day (bpd), which was 222,000 bpd below the target set for the month, according to the latest OPEC report. The target, wh...










