Azerbaijan

Oil & Gas Supply

SOCAR, Rosneft Tie-up on Fuel Supplies to Ukraine, Other Countries

Azerbaijan's state energy company SOCAR and Russia's oil and gas giant Rosneft have signed a deal to supply oil products and liquefied petroleum gas to Ukraine …

Offshore Wind Power

World Bank, Azerbaijan form Offshore Wind Team

MoU will assess the country's potential and develop a sector roadmap

Azerbaijan

Masdar Signs Deal to Develop $200m Solar Project in Azerbaijan

The plant is expected to start commercial operation in early 2023

Azerbaijan

Azerbaijan, Turkmenistan Finally Reach Deal On Lucrative Caspian Sea Energy Field

Azerbaijan and Turkmenistan have reached a preliminary agreement on the joint exploration of a once-disputed section of an undersea hydrocarbons field in the Ca…

Oil Pipeline

Azerbaijan Sends First Gas Export via TAP Pipeline

Azerbaijan has started commercial natural gas supplies to Europe via the Trans-Adriatic Pipeline.

Wind Farm

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…

Hydropower Plant

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.

Oil Price

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.

Azerbaijan

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.

Azerbaijan

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…

Thermal Plant

'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.