Azerbaijan’s role as an energy producing and exporting country has long been associated with hydrocarbons. Since 1994 and the signing of the “Contract of Century,” the country has embarked with its international partners on the extraction and transportation of the oil resources of the Caspian Sea to international markets.
Amid Russia's war on Ukraine, the US and UK announced a ban on Russian oil and gas as the EU discusses plans to end reliance on Russian gas. Many wonder if Baku can boost gas supplies to help in a smoother transition.
Oil & gas continue to dominate Azerbaijan’s economy and provide most of its export and government revenue.
Russia’s unprovoked invasion of Ukraine has prompted the IEA to take measures to cut dependence on its gas.
Turkiye has evacuated a total of 8,050 people, mostly Turkish citizens, from Ukraine amid war in the country, the Turkish foreign minister said on Wednesday.
Azerbaijani President Ilham Aliyev had a phone conversation with French President Emmanuel Macron.
Energy Minister Virgil Popescu wrote on Tuesday on Facebook that he is in Baku to negotiate "concrete energy cooperation deals" with Azeri officials.
This Research Study examines the resolution of the 30-year dispute between Azerbaijan and Turkmenistan over the rights to develop an offshore field spanning the two littoral states’ subsea zones in the Caspian Sea.
Azerbaijan has donated medicines and medical equipment to Ukraine as humanitarian aid, Ukrainian Ambassador to Azerbaijan Vladyslav Kanevsky has said.
Russian President Vladimir Putin said Tuesday that he does not plan to restore Russia's empire, a day after he ordered Russian troops to be sent to eastern Ukraine and questioned Ukraine's sovereignty.
The EBRD and the EU recently helped professional advertising specialists Vitam LLC to implement a new ERP system in Azerbaijan.
Russia's second-largest oil producer Lukoil has closed a deal to buy a 9.99% stake in Azerbaijan's Shah Deniz natural gas project from Malaysian oil and gas company Petronas for $1.45 billion, it said on Friday.
On February 14, President of the Republic of Azerbaijan Ilham Aliyev attended the opening ceremonies of the “Aghdam-1” and “Aghdam-2” substations, as well as the Digital Control Center of the Karabakh Regional Electric Network.
Mayor of Hallandale Beach City, Florida Joy Cooper has signed a Proclamation on the 30th anniversary of the Khojaly Genocide.
British oil major BP on Wednesday said it would shut down one oil platform and one gas platform in Azerbaijan in 2022 for planned maintenance, without giving a planned timeline.
The Saudi-Azerbaijani Parliamentary Friendship Committee of the Shura Council, headed by Dr. Faiz bin Abdullah Al-Shehri, Member of the Shura Council and Head of the committee, held here today a meeting with Ambassador of the Republic of Azerbaijan to the Kingdom Shahin bin Shaker Abdullayev.
Azerbaijani President Ilham Aliyev, Jens Stoltenberg discuss bilateral, regional matters in phone call.
"The volume of trade between the two countries is at $400 million, but it is predicted that this figure will reach $1 billion in the next two years by facilitating the trade process between the two countries," Mousavi on Monday.
The law ratifying the ground-breaking Shusha Declaration signed between Turkey and Azerbaijan last year went into force after being published in the Official Gazette on Monday.
On 10 February, the EU Delegation to Azerbaijan and the World Health Organization (WHO) held a joint ceremony to award certificates and medical supplies.
As tensions over Ukraine threaten Europe with an energy crisis, eyes turn to Azerbaijan. The EU, who wants to buy more gas from Baku, and its ally, the United States, are trying to make significant changes to their policy related to Azerbaijan.
Moldovan deputy prime minister Andrei Spinu brought up a possible co-operation deal with Azerbaijan on gas supply during a meeting last week of the southern gas corridor advisory council.
Azerbaijan has returned to Armenia eight Armenian servicemen, the republic’s State Commission on Prisoners of War, Hostages and Missing Persons reported on Monday.
The sides reached an agreement on sending a mission to both countries.
