Energy - 2025
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The assets of the State Oil Fund of Azerbaijan (SOFAZ) as of January 1, 2025, amounted to $60 billion 31.4 million. The Fund’s assets grew by 7.1% over the past year (on January 1, 2024, they totaled...
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In 2024, Azerbaijan's state budget received 17 billion 969.6 million manats from the oil and gas sector, by 1.1% higher than the forecast and by 1% lower than in 2023. According to the Ministry of...
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The European Bank for Reconstruction and Development (EBRD) invested €196 million in 8 projects in Azerbaijan in 2024. According to the EBRD, 82% of these investments were directed towards Azerbaijan'...
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The export of liquefied natural gas (LNG) from Russia grew by 4% in 2024 compared to the previous year, according to data from analytics firm Kpler, reported by RBC.
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The company "KMG Kashagan B.V.," a subsidiary of Kazakhstan’s national oil and gas company KazMunayGas (KMG), has sent the first batch of oil from the Kashagan field to Baku for export via the Baku-Tb...
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BP (the project operator) plans to build a new platform at the "Shah Deniz" field, the head of the communications department of bp-Azerbaijan, Tamam Bayatli told journalists. According to her, the new...
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There is a possibility that BP will enter into a contract for the development of the "Karabakh" field this year, BP's Vice President for Communications and External Relations in the Caspian region, Ba...
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The British company BP (the project operator) plans to start producing the first natural gas from the offshore block of the "Azeri-Chirag-Gunashli" (ACG) fields by the end of this year, Tamam Bayatli,...
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The State Oil Fund of the Republic of Azerbaijan (SOFAZ) does not plan to increase its share in Russian VTB Bank, SOFAZ's Executive Director, Israfil Mammadov announced. "Since 2012, SOFAZ has been in...
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Physical construction of the 240-megawatt solar power station in Jabrayil, "Shafag" (Sunrise), is set to begin this year, BP's Vice President for Communications and External Relations in the Caspian r...
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Under the future expansion project of Tengizchevroil (TCO), crude oil production has begun at the "Tengiz" field. According to the press service of TCO, in the coming months, crude oil production is e...
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Azerbaijan has sufficient gas volumes to supply Ukraine, Moldova, and other countries in Eastern Europe, the President of Ukraine, Volodymyr Zelensky, said at a joint press conference with the Pres...
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In January-November 2024, Azerbaijan imported 513.5 mcm of natural gas worth nearly $82 million. In the same period of 2023, Azerbaijan imported 2 billion 217.7 mcm of natural gas, the monthly bullet...
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In January-November 2024, Azerbaijan imported 1.724 million tons of crude oil worth $948.86 million, the monthly bulletin "Foreign Trade Relations of Azerbaijan," prepared by the State Statistics Comm...
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In January-November 2024, Azerbaijan spent $306.1 million on fuel imports (gasoline, diesel fuel, and aviation kerosene), by 74% more than in the same period of 2023, the monthly bulletin "Foreign Tr...
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The Central Bank of Azerbaijan (CBA) forecasts the average oil price for 2025 at $77.3 per barrel, the chairman of the CBA, Taleh Kazimov, stated at a press conference.















