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Belt and Road
Azerbaijan Sends First Gas Export via TAP Pipeline
Azerbaijan has started commercial natural gas supplies to Europe via the Trans-Adriatic Pipeline.
240 MW Wind Farm to Pave the Way for Sustainable Development in Azerbaijan’s Energy Sector
Following the signing of the implementation agreement for the $300 million Independent Power Project in January 2020, ACWA Power today executed the official agr…
Iran, Azerbaijan to Build Hydropower Plants at Common Border
Iran and Azerbaijan have agreed to reactivate the building of two hydroelectric power plants on the Aras river border, the Iranian Minister of Energy Reza Ardak…
Oil & Gas Trade
Azerbaijan Boosts Natural Gas Production, Export in Jan-Oct 2020
Azerbaijan increased gas production and export while reducing oil production and export in January-October 2020.
Azerbaijan Sees Increase in Oil Price
Azerbaijani oil price has increased on the world markets
Oil & Gas Trade
Azerbaijan's Exports of Petroleum Products Increase by 16% in the First Seven Months of 2020
From January to July 2020, Azerbaijan exported 706,000 tons of petroleum products, valued at US$190 million.
Wind Power Project
Azerbaijan Builds Six Wind Energy Metering Stations
Six wind metering stations have been installed in the country’s Khizi town and Absheron region where 240 MW wind farm will be built.
BP Says it has no Plans to Scale down Oil and Gas in Azerbaijan
British oil major BP has no plans to scale down its oil and gas business in Azerbaijan amid global plans to rebalance its portfolio towards renewables.
BP has Ambitious Long-Term Plans for Work in Azerbaijan's Oil&gas Sector
BP will continue its business in Azerbaijan, Bakhtiyar Aslanbayli, BP’s communications and advocacy vice president for the Middle East and Caspian Region state…
Azerbaijan Stuck to Opec+ Quota in July
Azerbaijan produced 553,800 b/d of crude last month, unchanged from June and fully in line with its Opec+ commitment, according to preliminary data from state-o…
'Azerbaijan' Thermal Power Station - Only Power Station in Country Capable of Operating on Fuel Oil
‘Azerbaijan' thermal power station is the only power station in Azerbaijan that can operate on fuel oil.
OPEC Changed its Forecast for Oil Production in Azerbaijan
OPEC reported in June that it predicted azerbaijan would reduce its output by an average of 70,000 barrels a day to 720,000 b/d in 2020, compared with 700,000 b…
Oil & Gas Trade
Turkey to Receive 6 bcm of Natural Gas from Azerbaijan by June's End
The Trans Anatolian Pipeline will reach a milestone this month as six billion cubic meters (bcm) of natural gas is set to be delivered to Turkey by the end of J…
U.S. Energy Giant ExxonMobil Puts Stake In Azerbaijani Oil Field Up For Sale
ExxonMobil has again put its stake in Azerbaijan’s largest oil field up for sale despite a historic decline in oil prices linked to a decline in consumption du…
SOCAR Starts Drilling New Well at Umid Gas Field
The State Oil Company of Azerbaijan has started drilling a new well at the Umid-1 platform of the Umid field, the company told local media on May 5.