Business & Economics
BP Joins PSA With SOCAR at Six Blocks in Uzbekistan
BAKU. May 13. UK oil and gas major BP Plc announced on Wednesday that it has joined a production sharing agreement (PSA) for six blocks in the North Ustyurt region of Uzbekistan that was previously signed by the State Oil
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Ilham Aliyev Attended the Inauguration of the 330 kV “Shafag” Substation, Owned By “AzerEnerji” OJSC, In the Village of Soltanli, Jabrayil District
On May 9, President of the Republic of Azerbaijan Ilham Aliyev attended the inauguration of the 330 kV “Shafag” substation, owned by “AzerEnerji” OJSC, in the village of Soltanli, Jabrayil district. Balababa Rzayev, Chairman of “AzerEnerji”, briefed the President on
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Italy’s PM Meloni Visits Baku to Reinforce Key Energy Links
By Esmira Aliyeva & Saida Rustamova During her visit to Baku, the Italian premier said she wanted Azerbaijan to strengthen its role as an energy hub between Europe and Asia, with Italy serving as “the privileged gateway to the European
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Baku to Become a Global Hub for Energy Dialogue during Baku Energy Week
Baku Energy Week, the region’s leading and prestigious energy event, will take place from 1 to 3 June 2026. For more than 30 years, this event has brought together key players in the international energy industry, establishing itself as a
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Pipeline Alternatives, Including Routes Via Türkiye, Gain Relevance Amid Strait of Hormuz Concerns
Ongoing supply risks, limited alternative pipelines could keep prices high, increase reliance by on strategic reserves, leave energy markets vulnerable, experts say. By Duygu Alhan and Gulsen Cagatay The effective closure of the Strait of Hormuz following US and Israeli
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Georgian Refinery in Kulevi Intends to Give Up Using Russian Oil – General Director
The oil refinery in the port of Kulevi intends to completely abandon importing Russian oil and switch to feedstock from Turkmenistan and Kazakhstan, the general director of the Georgian company Black Sea Petroleum (BSP, owner of the refinery) David Potskhveria
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Ilham Aliyev Attended Opening of “Absheron” Battery Energy Storage Center
On March 25, President of the Republic of Azerbaijan Ilham Aliyev attended the inauguration of the “Absheron” Battery Energy Storage Center of the “AzerEnergy” Open Joint-Stock Company. Baba Rzayev, Chairman of the Board of “AzerEnergy” OJSC, briefed the head of
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How Will the War in Iran Affect the Azerbaijani Economy?
By Dr. Vugar Bayramov, Member of the Parliament of Azerbaijan The war in Iran may not go unnoticed for the regional states not only militarily, but also economically. So, what effects could the war have on the Azerbaijani economy? The
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Kazakhstan Doubts Shell, Other Foreign Energy Cos Will Exit Country
Foreign oil companies operating in Kazakhstan are unlikely to exit the country as their investments continue to generate strong returns, Kazakh Energy Minister Yerlan Akkenzhenov said Friday. “I don’t think so, because investments are being made every year and are
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Ankara Expects Progress in March on Azerbaijan-Georgia-Turkey-Bulgaria Energy Corridor
Ankara expects to take the Azerbaijan-Georgia-Turkey-Bulgaria renewable energy corridor project to the next stage in early March, Turkish Energy Minister Alparslan Bayraktar said. “We have a green corridor project involving four countries that, among other things, calls for exporting electricity
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