Industry

GL Group, Azerbaijan’s first private oil and gas group, announced on July 23 that it had completed the acquisition of production assets at four oil and gas fields located near Midland, Texas. As a res...

Azerbaijan’s non-oil and gas economy generated all of the country’s gross domestic product growth in the first half of 2026, offsetting a continued decline in the oil and gas sector. However, a sharp...

The first half of 2026 marked a period of cautious optimism for Azerbaijan's industrial sector. Following mixed performance last year, many manufacturing industries returned to positive growth, while...

Economic Efficiency, International Competitiveness, and Development Prospects In the oil and gas industry, the value chain is conventionally divided into three stages: exploration and production, refi...

The Azerbaijan Standardization Institute (AZSTAND) adopted a number of new state standards for the furniture industry in 2026. At first glance, this may appear to be a purely technical and regulatory...

The sharp rise in profits at Azerbaijan’s state-owned mining company AzerGold in 2025 is more than a corporate success story. It is another signal of how Azerbaijan is gradually building a new archite...

Investments by Azerbaijani companies in environmental protection projects rose by an estimated 12–14 percent in 2025 from the previous year, reaching between 620 million and 650 million manats, accord...

Wars rarely stay confined to the battlefield — especially when they unfold in the Persian Gulf, the artery through which much of the global economy’s energy lifeblood flows. The military confrontation...

The sharp decline in silver prices on the U.S. COMEX exchange in May 2026 has once again brought investors’ attention back to one of the most undervalued metals in the global market. After climbing to...

From Oil to Minds: Can Azerbaijan Export Knowledge? For three decades, Azerbaijan’s economic story has been closely tied to hydrocarbon production. Oil and gas transformed the country into one of Euro...

When the European Union introduced its Carbon Border Adjustment Mechanism (CBAM), many developing countries viewed it as a new form of trade protectionism. Brussels argued otherwise: if the world is s...

The printing and publishing industry in Azerbaijan is a segment that remains largely overlooked in the national economy, yet it holds strategic importance in shaping public opinion. The sector simulta...

Azerbaijan’s construction sector, one of the principal beneficiaries of large-scale government spending over the past five years, is likely to maintain solid growth through the second half of 2026. Ye...

Azerbaijan’s metallurgical industry entered a contradictory phase at the beginning of 2026, marked by simultaneous growth and decline. According to the State Statistics Committee, the total value of m...

Azerbaijan’s petrochemical industry has become one of the country’s key industrial sectors with strategic importance for the national energy economy, enabling the transformation of hydrocarbon resourc...

Azerbaijan’s petroleum products market is undergoing a quiet but significant transition. Behind the stability of state-regulated fuel prices lies a more complex reality: declining oil production, risi...