In February 2025, Azerbaijan's daily oil production amounted to 476,000 barrels, according to a report by the Organization of the Petroleum Exporting Countries (OPEC).
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Kazakhstan intends to increase oil exports through the Baku-Tbilisi-Ceyhan pipeline. This is what Foreign Minister of Kazakhstan Murat Nurtleu said after a meeting with his Azerbaijani colleague Jeyhun Bayramov in Astana, Kazinform News Agency reports.
The 10th session of the Ministerial/Steering Committee for the implementation of the "Strategic Partnership Agreement on the Development and Transmission of Green Energy between the Governments of the Republic of Azerbaijan, Georgia, Romania, and Hungary" took place in Budapest.
SOCAR’s progress in Israel’s gas exploration carries significant geopolitical weight. As a major energy supplier for both Turkey and Israel, SOCAR holds a strong position in the regional energy market.
Azerbaijan and the European Union are ready to expand cooperation in the supply of natural gas and renewable energy, according to a statement from Azerbaijan’s Ministry of Energy.
Azerbaijan aims to double gas exports to the EU to 20 billion m3/y by 2027 under a 2022 agreement.
Azerbaijan aims to double gas exports to the EU to 20bcm annually by 2027 under a 2022 agreement.
According to a press release published on the Bucharest Stock Exchange, the founding partners of the project company are Transelectrica, JSC Georgian State Electrosystem, AzerEnerji, and MVM Energy.
The European Union is closely following the development of the high-voltage direct current bidirectional interconnector under the Black Sea, known as the Black Sea Energy project, which aims to supply green energy from Azerbaijan to Europe via Georgia and Romania.
Ukrainian President Volodymyr Zelenskyy announced that Ukraine is ready to transit gas from Azerbaijan to Europe through its gas transportation system.
According to the announcement, the project’s duration is 27.5 years, after which consortium will transfer the management of the facility to the Azerbaijan State Water Resources Agency.
Russia and Iran have agreed on the route for a gas pipeline to the republic via Azerbaijan, with negotiations currently in the final stage of price approval.
Technical issues at the Shah Deniz Alpha platform in the Caspian Sea, operated by BP, have led to a temporary reduction in Azerbaijan’s gas exports to Europe.
Gas exports from Shah Deniz began in 2006, expanding to European markets by 2020.
Gas flows from Azerbaijan to Serbia have been halted and it is unclear when they will resume, Serbian President Aleksandar Vucic was quoted as saying by news agency Tanjug on Saturday.
Government sources have denied reports of a two-month suspension of gas supplies from Azerbaijan to Serbia.
BP Azerbaijan has identified a technical malfunction in the subsea condensate export line between the Shah Deniz Alpha (SDA) platform and the Sangachal terminal as the reason for the suspension of gas supplies to Bulgaria and Serbia.
Norway’s state-owned energy giant Equinor has crossed the finish line for the divestment of its upstream assets in Azerbaijan and Nigeria, bringing a consideration of up to $2 billion to fuel the firm’s oil and gas portfolio optimization mission.
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.
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.