Energy - 2025
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We are already negotiating with a number of other European countries located near those who are already receiving our gas. I think this will be possible in the coming years, the President of Azerbaij...
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The main indicator for us is the development of the non-oil sector, because recently we have faced a decline in oil production, the President of Azerbaijan, Ilham Aliyev, stated in an interview with l...
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The State Oil Company of Azerbaijan (SOCAR), which had been operating at a loss for a long time and was constantly reliant on the state budget, is now operating profitably, the President of Azerbaijan...
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The President of Azerbaijan, Ilham Aliyev, announced that in 2025, the country hopes to receive the first gas under the "deep" gas project (gas extraction from deeper layers) from the Azeri-Chirag-Gun...
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The Trans Adriatic Pipeline (TAP) consortium has signed a contract with the British company Penspen to provide services for analyzing gaps in infrastructure, aiming to assess the pipeline’s readiness...
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The State Oil Fund of Azerbaijan (SOFAZ) received $442.085 million in 2024 from the development of the “Shah Deniz” field in Azerbaijan's sector of the Caspian Sea.
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The State Oil Fund of Azerbaijan (SOFAZ) received $6.1585 billion in 2024 from the development of the Azeri-Chirag-Gunashli (ACG) field block in Azerbaijan's sector of the Caspian Sea, the press serv...
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At the Khizi-Abseron wind farm, being built by ACWA Power, three wind turbines have been successfully installed. The total number of turbines at the plant will be 37, with 12 located in Absheron and...
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EEL Electronics will begin the production of electric vehicle chargers in Azerbaijan for the first time, the company’s Technical Director, Ruslan Shikhaliev, during a press briefing. According to Shik...
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Kazakhstan has revised its oil production forecast for 2025, the Ministry of Energy of Kazakhstan reported. According to the plan, oil production for this year is 96.2 million tons, said the Ministry....
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Maintenance work at Kazakhstan's largest oil and gas field, “Tengiz”, which started in late October last year, is expected to be completed by mid-January, the Ministry of Energy of Kazakhstan told Int...
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US President-elect Donald Trump has pledged to reverse the decision made by current President Joe Biden to ban oil and gas drilling in US offshore areas.
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Norway increased its natural gas pipeline exports to Europe by 8% in 2024, reaching a record 117.6 bcm, according to a statement from Norwegian gas transmission operator Gassco. "These volumes account...
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Europe bought a record amount of liquefied natural gas (LNG) from Russia in 2024, totaling 17.8 million tons, according to The Guardian, citing data from Rystad Energy.
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Austrian company OMV has signed a gas supply agreement with German company Uniper for its Black Sea project starting in 2027, as Europe seeks new ways to enhance energy security following the severing...
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OPEC+ has performed well in previous years, keeping prices above $80 per barrel through its strategy, but achieving this for a fourth consecutive year is proving to be a tough challenge, according to...















