Azerbaijan’s Non-Oil Economy Offset the Decline in the Oil and Gas Sector, but Growth Slowed

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 result of the transaction, the company acquired more...

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 several sectors posted impressive recovery rates....

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, refining, and marketing. Within SOCAR's refining and...

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 development. In reality, however, it is a...