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Category: Azerbaijan

Minister: Azerbaijan eyes increasing gas supplies to Turkey, Europe

Azerbaijan plans to increase gas exports to Europe and Turkey up to 16 billion cubic meters in 2022, Azerbaijani Energy Minister Parviz Shahbazov told reporters…

Ilham Aliyev: “Now we must focus on the future because we have discovered new gas fields”

“We mainly focused on the completion of the Trans-Adriatic Pipeline, the last segment of the Southern Gas Corridor,” Azerbaijani President Ilham Aliyev said in an…

Azerbaijan exported $ 320 million worth of oil to Ukraine in January-September

In January-September 2021,  Azerbaijan was the main supplier of oil to Ukraine. According to the State Customs Service of Ukraine, over nine months, raw materials…

Kamola Makhmudova assumes role as EBRD Head of Azerbaijan

Banker will head EBRD’s investments and operations in the country Kamola Makhmudova has assumed her role as new head of the European Bank for Reconstruction…

Production of the first oil from the Karabakh field has been postponed for several years

Production of the first oil from the Karabakh offshore field is planned to be obtained in 2025. This is stated in the annual report of…

Lukoil to Buy Petronas’ Shah Deniz Field Stake for $2.25B

Russian oil and gas company Lukoil has agreed to acquire a 15.5% stake in the Shah Deniz offshore gas field in the Azerbaijan sector of the Caspian…

Lukoil increases share in Azerbaijan’s offshore Shah Daniz project

Lukoil announces conclusion of an agreement on acquiring 15.5% interest in the Shah Daniz gas project in the Azerbaijani sector of the Caspian Sea from…

SOCAR Turkey Energy joins Oil Industry Association

SOCAR Turkey Energy, a subsidiary of the State Oil Company of Azerbaijan (SOCAR) in Turkey, has become a member of the Oil Industry Association (PETDER),…

In 2022, 52.4% of Azerbaijan’s budget revenues will come from the oil sector

The Cabinet of Ministers of Azerbaijan presented the draft state budget and the consolidated budget for consideration by the President of Azerbaijan.  This was reported…

Azerbaijan, Czech Republic ink agreement on energy cooperation

The Energy Ministry of Azerbaijan and the Industry and Trade Ministry of the Czech Republic have signed an agreement on energy cooperation, Report informs, citing the ministry….

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