Industry

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...

Azerbaijan’s information and communication technology (ICT) sector expanded faster than the overall economy in the first quarter of 2026, driven by a sharp increase in investment and steady growth in...

Azerbaijan’s industrial sector showed only marginal growth in the first quarter of 2026, underscoring deeper structural constraints that continue to limit the country’s long-term economic transformati...

Over the past decade, Azerbaijan has become one of the countries in the region that stands out in the high-technology sector, particularly in the space industry. The space policy, initiated by a decre...

The recent opening of the Absheron Battery Energy Storage Center of the Open Joint Stock Company AzerEnerji can be considered one of the most important developments in the country’s electric power sec...

The issue of registering more than half a million undocumented homes in Azerbaijan remains a subject of ongoing discussion. At the same time, thousands of public catering facilities (restaurants, café...

Azerbaijan, which began actively extracting gas from the Caspian at the beginning of the 21st century, reached a peak production level in 2024, but may face a decline in production by the end of the d...

Global gold futures exceeded $2,800 per troy ounce on January 29, setting a historic record in international trading, according to financial portal Investing.com. Notably, this price per ounce is twic...

On January 10, during a meeting with journalists specializing in the transport sector, Rahman Gummetov, Deputy Minister of Digital Development and Transport, discussed the ministry's success in transi...

SOCAR Türkiye Enerji AS (STEAS), a subsidiary of Azerbaijan's state oil company SOCAR, has announced plans to construct new facilities in Turkey for the production of ethylene, polypropylene, and poly...

The presence of "hotspots" on the global map, geopolitical instability, and the uncertain future of the U.S. dollar—the key currency in trade operations—are factors driving increased investments in go...

Azerbaijan plans to reduce its greenhouse gas (GHG) emissions to 54.99 million tons of carbon equivalent by 2030, down from 61 million tons in 2024, the government has reported.

At the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, which began in Baku on November 11, a decision was made to allocate $300 billion annually...

On the night of November 23-24, the five-hour closing ceremony of the 29th session of the UN Framework Convention on Climate Change (UNFCCC) Conference of the Parties (COP29) concluded with the adopti...

On Thursday, November 21, a day before the official conclusion of COP29 (although it may be extended until November 24), participants of the UN climate summit, chaired by Azerbaijan, held discussions...