Industry
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On November 7, 2024, a decree by the President of the Republic of Azerbaijan led to the creation of a new transport and communications holding company, AZCON. The President explained this decision as...
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Azerbaijan relies heavily on traditional oil and gas production, exporting these resources primarily westward to markets in Georgia, Turkey, the Balkan states, and European Union member countries via...
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Azerbaijan plans to present its third document on its Nationally Determined Contribution (NDC 3.0) to reduce greenhouse gas emissions at the 29th Session of the Conference of the Parties to the United...
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With only days remaining until the 29th session of the United Nations Framework Convention on Climate Change (COP29), starting on November 11 in Baku, around 40,000 delegates from over a hundred count...
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The risks of pollution of transboundary rivers in Karabakh by Armenian mining companies continue to worry the public of our country. How justified is this concern? Here are a number of reasons/factors...
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On September 20, the 30th anniversary of the "Contract of the Century" was commemorated in Baku. This was Azerbaijan's first international oil agreement with foreign investors, which ushered in a new...
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Baku Oil Refinery named after Heydar Aliyev (BNEZ) of the Azerbaijan State Oil Company (SOCAR) plans to start production of gasoline conforming to Euro-5 environmental standards this month.
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The 29th International Energy Forum was held in Baku, and almost all speeches indirectly or directly included the topic of COP29 - the 29th session of the Conference of the Parties to the United Natio...
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The projects Info-communication Technology (ICT), High Technology (HT), and finally Digital Development (DD) seem to help the survival of many sectors of the world's economy, although the introduction...
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In April, the International Energy Agency (IEA) stated that gas prices in Europe and Asia in the first quarter of 2024 fell below pre-crisis levels amid an oversupply with declining demand. The IEA be...
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The recent downturn in oil production in Azerbaijan has exerted a significant impact on the country's foreign trade turnover, sparking concerns and prompting a closer examination of underlying factors...
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SOCAR Turkiye, which celebrated its 15th anniversary in Turkiye in 2023, continues to make strategic investments in the energy sector in accordance with the common strategic goals of Azerbaijan and Tu...
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As a result of the early presidential elections on February 7 in Azerbaijan, Ilham Aliyev, who has been in office for more than 20 years, became the head of state for a seven-year term, and officially...
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The fuel and energy complex (FEC) remains a key one in the economy of Azerbaijan, but 2023 was held under the slogan of transition to a "green economy", the development of renewable energy sources and...
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The year 2023 is coming to an end; it will be remembered for the banking crisis in the United States at the beginning of the year, the global economic downturn in the first half of the year, and geopo...
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On December 10, the opening ceremony of the 109-kilometer Interconnector Bulgaria Serbia-IBS was held in the Serbian city of Niš, during which the presidents of Bulgaria, Serbia and Azerbaijan talked...