Oil and Gas Sector
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The analysis shows that the economic growth in Azerbaijan in 2026-2028 will be fully ensured at the expense of the non-oil and gas sector.This is stated in the conclusion of the Accounting Chamber on...
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In January-September 2024, revenues to the state budget of Azerbaijan for the oil and gas sector amounted to 13,206.5 million manats, which is down by 1.3% from the forecast and up by 47.6% from the s...
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Azerbaijan’s oil and gas sector represented approximately one-third of the nation’s gross domestic product (GDP) during the first nine months of 2024, achieving modest growth of nearly 1% despite a de...
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Azerbaijan’s oil and gas sector continues to ensure stable employment: according to the State Statistics Committee, 31.7 thousand people were employed in the industry during the first nine months of 2...
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According to government forecasts, Azerbaijan's GDP is expected to reach 129.2 billion manats ($76 billion) in 2025, with the non-oil and gas GDP comprising 92.2 billion manats ($54.2 billion). By 202...
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From January to August of this year, investments in Azerbaijan's oil and gas sector amounted to 3.73 billion manats, according to the monthly report from the State Statistics Committee of Azerbaijan.
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Kazakh President Kassym-Jomart Tokayev considers the diversification of export routes to be one of the main tasks for the country’s oil and gas sector, according to the press service of the head of st...
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Azerbaijan's oil and gas sector experienced notable declines in production and exports in the first four months of 2024, according to the latest reports from the State Statistics Committee and the Min...
