OPEC+ countries have agreed to maintain crude oil production at 39.7 million barrels per day until the end of 2026. This was announced by Azerbaijan's Minister of Energy, Parviz Shahbazov, on his social media page on X.
Energy4- Page
The State Oil Company of Azerbaijan (SOCAR) has announced the start of natural gas supplies to Slovakia.
The European Commission asserts that the Southern Gas Corridor, which supplies EU countries, is connected exclusively to Azerbaijani gas fields and is not linked to Russian gas.
Kazakhstan is making significant strides in the development of its oil sector, aiming to enhance its international market presence and modernize its infrastructure. In the coming years, the country plans to substantially increase oil exports, upgrade refining capacities, and implement strategic projects to meet domestic demand and strengthen its export potential.
In 2025, Azerbaijan's state budget revenues from the oil and gas sector are expected to decrease by approximately 750 million manat compared to 2024.
Azerbaijan, Kazakhstan, and Uzbekistan signed a memorandum on the development and transfer of renewable energy across the Caspian Sea.
Kyiv is expanding its connections with Ashgabat and Baku on gas transportation. Ukraine is interested in purchasing gas and transporting it to Europe, utilizing its extensive infrastructure.
Hungarian Foreign Minister Péter Szijjártó on Tuesday highlighted the quadrilateral cooperation between Azerbaijan, Georgia, Romania and Hungary in the context of the project for the Black Sea submarine cable.
SOCAR is actively expanding its energy infrastructure in Switzerland, with a strong focus on sustainability through initiatives such as the installation of 100 high-speed electric vehicle charging stations by 2026 and the development of a green hydrogen production plant in collaboration with Swiss energy companies.
Azerbaijan’s natural gas production is on track to outpace oil output in the near future, driven by major development projects.
Azerbaijan exported 9.4 billion cubic meters of gas to Europe from January to September of this year.
Despite the sanctions imposed by the West, Russia continues to generate massive revenues from its oil sales.
The issue of purchasing Azerbaijani gas can be discussed if Baku is interested.
The State Oil Company of Azerbaijan (SOCAR) will participate in the international conference, African Energy Week (AEW): Invest in African Energy 2024, which will take place from November 4 to 8 in Cape Town.
Evropeyska Pravda reports that representatives of European Union countries have asked Ukraine to facilitate this gas transportation transport gas from Azerbaijan.
Azerbaijan is making significant strides in sustainable development by fostering public-private partnerships (PPPs) aimed at improving energy efficiency in buildings and enhancing sustainable transportation systems.
On September 18, 2024, The Ritz-Carlton in Baku will host the 12th International Caspian Energy Forum, organized as part of Caspian Investment Week.
The 12th International Caspian Energy Forum, co-organized by the Caspian Energy Club and Enermus CJSC, has officially begun in Baku.
The Black Sea Energy submarine cable will connect Azerbaijan’s vast amounts of renewable energy to Europe’s energy grid via Georgia and Romania.
Azerbaijan is mediating discussions between Ukraine and Russia centered on continuing Russian gas transit through Ukrainian territory, announced Azerbaijani President Ilham Aliyev.
These agreements reaffirm the collaboration between Eni and SOCAR ahead of the United Nations Climate Change Conference (COP29), which will be hosted in Azerbaijan in November 2024.
A contract has been signed for the creation of a Green Energy Corridor from Azerbaijan to Europe, announced Minister of Energy Parviz Shahbazov on social media platform X.
Europe interested in continuing the transit of Russian gas through Ukraine, will strive to maintain it, or face rising gas prices.
Russian leader Putin and Azerbaijan’s President Ilham Aliyev reportedly met in Baku to prioritise business connections between the two nations.
