Industry
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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, rising demand for higher-quality fuels, and a refining system that still struggles to keep pace with shifting consumption patterns.
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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 digital services, according to official data and analyst estimates.
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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 transformation.
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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 sector. The presence at the ceremony only underscored the significance of this event. The head of state pressed a button symbolizing the launch of the Absheron Battery Energy Storage Center.
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