Georgia seeks $3 billion to expand power generation
Amid rising local and international demand, Georgia seeks to start new energy projects and revive old ones. But will they survive the usual controversies? The…
Electricity production in Azerbaijan increases by 3.8%
From January through October 2022, electricity production in Azerbaijan increased by 3.8% compared to the same period last year, Azerbaijani Energy Minister Parviz Shahbazov tweeted, Report informs. According to…
Azerbaijan, Greece mull energy cooperation
Azerbaijan’s Minister of Economy Mikayil Jabbarov has met with Greek Minister of Environment and Energy Kostas Skretas, according to Report. “We discussed the promotion of the trade relations and…
Azerbaijani president: Today, Azerbaijan’s energy resources are in greater demand in Europe
“Today, Azerbaijan’s energy resources are in greater demand in Europe. The importance of the projects we have implemented is even more evident today,” Azerbaijani President…
Serbia plans to purchase gas from Azerbaijan in 2023
Serbia plans to purchase gas from Azerbaijan in 2023, Serbia’s President Aleksandar Vucic said Report informs, citing Reuters, that, according to Vucic, the country’s finances were resilient…
SOCAR President meets with Deputy Energy Minister of Uzbekistan
Today, the President of the State Oil Company of Azerbaijan (SOCAR), Rovshan Najaf, met with the delegation led by the First Deputy Minister of Energy…
Azerbaijan, Uzbekistan Road Map on energy field
Azerbaijan and Uzbekistan signed a road map on the energy field, Energy Minister Parviz Shahbazov wrote on Twitter, Report informs. “Today, we signed the Road Map on…
Automobile fuel consumption grows in Azerbaijan
In January-July 2022, fuel consumers in Azerbaijan purchased motor gasoline and diesel fuel for a total of 1 billion 526.7 million manats ($898.1 million at…
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…