Russia to invest $8bln in Iran's gas projects
Russia intends to invest $8 billion in Iran's gas projects, Iran's ambassador to Moscow Kazem Jalali said.
Economy
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Trump asks Senate to hold off on considering Russia sanctions bill
The U.S. President, member of the Republican Party Donald Trump has asked his fellow party members in the U.S. Senate not to bring to a vote, for the time being, a bill that would tighten sanctions against Russia, including by imposing restrictions on third countries.
BP interested in gas production at Karabakh field
The UK company intends to produce oil starting from 2029
Azerbaijan, Georgia discuss inter-parliamentary cooperation
The deputies held a meeting with the head of the Georgian parliament and discussed the development of cooperation
Brussels and Paris stand up for Russian gas
The European Union’s two biggest buyers of Russian liquefied natural gas, Brussels and Paris, are refusing to endorse Brussels' plan to ban Moscow’s gas.
ExxonMobil to help SOCAR in exploring onshore oil production
The State Oil Company of the Azerbaijan Republic (SOCAR) and U.S. ExxonMobil Corporation signed a deal agreeing to explore onshore oil and gas production in Azerbaijan.
First oil from Karabakh field expected in 2029
First oil production from Azerbaijan’s Karabakh field is expected in 2029, bp’s Executive Vice President for Production and Operations Gordon Birrell announced.
Tehran and Tashkent to cooperate in cargo transportation
Iran and Uzbekistan will cooperate in the field of transport - the memorandum signed by the parties includes not only joint efforts to develop transport and transit cooperation, but also mutual investments.
Azerbaijan plays key role in strengthening Europe’s energy security - Tbilisi
Azerbaijan continues to play a central role in strengthening Europe's energy security, and the strategic partnership between Azerbaijan and Georgia goes far beyond the energy sector, Georgia's Deputy Minister of Economy and Sustainable …
Azerbaijan and Türkiye may cooperate on Turkmen gas supplies
Turkish President Recep Tayyip Erdogan said the successes and potential of energy cooperation with Azerbaijan and said the countries could work together on exports of Turkmen gas through their territory during a visit to Baku.
Azerbaijan to power up 10 new "green" plants in two years
New solar and wind power plants will be put into operation in Azerbaijan in the next two years, Azerbaijani Energy Minister Parviz Shahbazov said at the Baku Energy Forum.
XXX Baku Energy Week kicks off in Azerbaijan
Azerbaijan’s capital will host the 30th edition of Baku Energy Week on June 2-4.
OPEC+ countries continue to increase oil production
The OPEC+ group of countries will increase oil production by an additional 411,000 barrels per day for the second month in a row. Initially, the talk was to produce 138,000 barrels.
Fitch retains Georgia’s BB rating with Negative Outlook
Fitch noted that in comparison with its peers, Georgia has a high level of economic development
Iran to build two more nuclear power plants
Iran plans to build two nuclear power plants in the south and north of the country, head of Iran's Atomic Energy Organization Mohammad Eslami said.
Gazprom and China discussing new gas supplies
Gazprom is holding talks with China on new project of pipe gas supplies, the company said in its issuer’s report for the past year.
Scott Bessent: US-China talks a bit stalled
Beijing and Washington are holding economic talks, but progress has slowed. Both sides are waiting for the talks between the leaders of the two countries.
Iran's trade turnover with Economic Cooperation Organization's countries exceeds $27 billion
Iran's trade with the member countries of the Economic Cooperation Organization (ECO) exceeded $27 billion. Türkiye is Iran's main partner in the ECO.
Hydroelectric power plants in Karabakh and Eastern Zangezur to save 200 million cubic meters of gas
New hydroelectric power plants in Karabakh and Eastern Zangezur will help to save resources and positively impact the environmental situation in the region.
Iran might accept U.S. inspectors to its nuclear sites
Iran might allow the U.N. atomic watchdog to send U.S. inspectors to Iranian sites if Tehran's talks with Washington succeed, head of the the Atomic Energy Organization of Iran Mohammad Eslami said.
