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Tag: Azerbaijan

Azerbaijan’s commission on renewables holds its first session

The first meeting of the commission on the use of renewable energy sources was held in an updated composition, established by the decree of the…

Azerbaijan reduced oil production by 4.1% in the first half of the year, gas production increased by 15%

In January-June 2022, oil production with gas condensate in Azerbaijan amounted to 16 million 474.2 thousand tons, which is by 4.1% lower than the same period last…

EU and Azerbaijan draft deal on extra gas supplies

EU energy commissioner Kadri Simson is travelling to Baku later this month The EU is preparing to sign a no-strings-attached gas-import deal with Azerbaijan to…

Baku and Ashgabat to continue consultations on energy cooperation

The importance of diversifying energy supply schemes to international markets was emphasized at a meeting in the Ministry of Foreign Affairs of Turkmenistan on July…

Azerbaijan, Iran to speed up work related to HPPs

Azerbaijan and Iran discussed the issues arising from the implementation of the “Khudafarin” and “Giz Galasi” hydro junctions and hydroelectric power plants projects and the…

EBRD: Azerbaijan can become leader in renewable energy in region

The European Bank for Reconstruction and Development (EBRD) is in the final stages of signing a wind and solar energy project with Azerbaijan this summer,…

Azerbaijan, EBRD mull future co-op in energy sector

A meeting with a delegation from the European Bank for Reconstruction and Development (EBRD) was held at the Azerbaijan Energy Regulatory Agency (AERA) under the…

Azerbaijan and Czechia to establish joint working group

Azerbaijan and the Czech Republic will establish a joint working group to expand energy cooperation, Energy Minister Parviz Shahbazov said at a meeting with the…

BP, Azerbaijan in talks on new renewable energy projects

BP is in negotiations with the Government of Azerbaijan on new projects in renewable energy sector to be implemented in the territories liberated from Armenian…

Korean companies keen on participating in projects in Azerbaijan

Korean companies are keen on participating in the projects in Azerbaijan, Ambassador Lee Eun Yong said at a meeting with the Azerbaijani Minister of Energy…

Azerbaijan starts to pay Russia for gas in rubles

“Moscow has taken preventive measures to reduce risks, appeared from West’s actions. Moscow has made a more active transition to operations in national currencies with…

Weekly review of Azerbaijan’s oil market

Azerbaijani oil prices have risen this week, Trend reports The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $108.61 per…

Azerbaijani, Turkish presidents discuss possibility of increasing gas supplies to Europe

On March 10, a meeting was held in Ankara between Presidents of Azerbaijan Ilham Aliyev and Turkey Recep Tayyip Erdogan, Report informs. The meeting touched…

Azerbaijan, Romania discuss energy co-operation

Azerbaijan’s Energy Minister Parviz Shahbazov received Romanian delegation including his counterpart Virgil-Daniel Popescu, Special Envoy for Strategic and International Affairs Ana Birchall, as well as…

Azerbaijan supports OPEC+’s decision to increase daily output by 400,000 barrels

At the 26th OPEC and non-OPEC Ministerial Meeting (ONOMM), Azerbaijan also agreed to increase daily oil production by 400,000 barrels in April to support the…

Russia and Azerbaijan agreed on a peaceful atom

Russia and Azerbaijan will consider opportunities for developing cooperation in the field of peaceful atom, the declaration on allied cooperation between the Russian Federation and…

Azerbaijan increased gas exports to Turkey via TANAP by 20% in 2021

Gas exports from Azerbaijan in 2021 amounted to 18.9 bcm, an increase of 39.8% compared to 2020 Approximately 8.5 bcm of gas were supplied to Turkey (a decrease…

Gas export from Sangachal terminal increases by 24%

In 2021, the average daily volume of gas exports from the Shah Deniz field to the Sangachal terminal amounted to 61 million cubic meters (approximately…

Azerbaijan to increase gas exports to Italy by 9% in 2022

The export of Azerbaijani gas to Italy in 2022 will amount to 7.4 bcm, Azerbaijani Energy Minister Parviz Shahbazov said.  “We had a talk with…

Masdar interested in increasing its presence in Azerbaijan

Masdar is committed to Azerbaijan and wants to grow its presence here, Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar told Report. “The country has…

Azerbaijan, World Bank discuss draft roadmap on offshore wind energy

Minister of Energy of Azerbaijan Parviz Shahbazov received a World Bank mission led by Senior Energy Specialist and Head of the Task Force Yasemin Orucu, Report informs. The preliminary draft…

S&P expects slowdown in Azerbaijan’s GDP growth with gradual decline in oil prices

The international rating agency S&P Global Ratings predicts the average annual GDP growth in Azerbaijan for 2022-2025 at about 1.7%. The forecasts published on the…

S&P predicts gas production growth in Azerbaijan through 2025

Azerbaijan increased gas production by almost 73 percent in 2017-2021, Trend reports via S&P Global Ratings Agency. According to the agency, Azerbaijan may increase gas production by…

Oil and gas exports of Azerbaijan for 11 months of 2021 amounted to $17.3 billion

In January-November 2021, Azerbaijan exported 25 million 716.1 thousand tons of oil, which is 1.3% lower than in 11 months of 2020. According to the…

Azerbaijani FM meets with OPEC Secretary General

During a working visit to Austria, Azerbaijani Foreign Minister Jeyhun Bayramov met with OPEC Secretary-General Mohammad Barkindo, Report informs referring to the press service of the Azerbaijani Foreign Ministry. During…

ACWA Power to generate wind energy in Caspian Sea

The Ministry of Energy of Azerbaijan and ACWA Power of the Kingdom of Saudi Arabia signed A Memorandum of Understanding on cooperation in the field…

Azerbaijan ranks first among top fuel and lubricant exporters to Georgia

Georgia’s imports of fuel and lubricants from Azerbaijan from January through November 2021 increased by 6.5 percent, compared to $319.8 million over the same period…

President: Azerbaijan – Europe’s reliable partner in gas market

Azerbaijan is a reliable partner and friend of Europe in the gas market, President of Azerbaijan Ilham Aliyev said in his interview with El Pais, Report informs. “We all…

Iran ready to connect electricity grid to Azerbaijan, Russia

Emphasizing readiness of Iran to develop and continue exchange of electricity between Iran and Azerbaijan, Iranian Energy Minister said that Iran is ready to connect…

Azerbaijan supports OPEC+ decision to increase oil output

Azerbaijan has agreed with the decision of OPEC+ to increase oil production in January by the planned 400,000 barrels per day, Report informs with reference to the…

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