Azerbaijani oil and gas

Gas is becoming Azerbaijan's new oil

Gas is becoming Azerbaijan's new oil

Azerbaijan increased gas production from January through September 2024, Azerbaijani Energy Minister Parviz Shahbazov said. According to him, this figure amounted to 37.1 billion cubic meters (bcm) versus 36.1 bcm in the first nine …

SOCAR's rating upgraded with Stable Outlook

SOCAR's rating upgraded with Stable Outlook

Fitch Ratings has upgraded Azerbaijan's State Oil Company (SOCAR) Long-Term Issuer Default Rating (IDR) and senior unsecured rating to 'BBB-' from 'BB+'. The Outlook on the Long-Term IDR is Stable, the Fitch Ratings press …

Slovenia to receive gas from Azerbaijan

Slovenia to receive gas from Azerbaijan

Azerbaijan has begun gas supplies to Slovenia in accordance with a memorandum of understanding. The volumes of gas supplied have not been reported.

Azerbaijan and Serbia expanding energy ties

Azerbaijan and Serbia expanding energy ties

Azerbaijan plans to increase oil and gas supplies to Serbia, according to the results of the 8th session of the Intergovernmental Commission on Trade and Economic Cooperation between …

Azerbaijan increases gas supplies to Italy

Azerbaijan increases gas supplies to Italy

Imports of Azerbaijani gas to Italy increased by 2.6%. In March, Azerbaijan exported 485.1 million cubic meters of gas. At the same time, the cost has decreased significantly.

SOCAR envisages implementation of new projects

SOCAR envisages implementation of new projects

The State Oil Company of Azerbaijan Republic (SOCAR) plans to implement new projects, Advisor to the Vice President at SOCAR Sariyya Buniyatova said at the Baku Energy Forum. "We are actively developing and expanding …

Ilham Aliyev: Azerbaijan expanding gas supplies

Ilham Aliyev: Azerbaijan expanding gas supplies

The number of countries importing Azerbaijani gas will increase, President of Azerbaijan Ilham Aliyev said as he addressed the Baku Energy Week. According to the president, Azerbaijan is increasing its gas exports, it will most …

Bulgaria’s gas imports from Azerbaijan increase

Bulgaria’s gas imports from Azerbaijan increase

Bulgaria imported 44.6 million cubic meters of natural gas from Azerbaijan in March 2024, as compared to 44.5 mln cubic meters in March 2023, marking a 0.22% year-on-year increase, according to the European Union's statistical …

Azerbaijan's gas export to Europe exceeds 4 bcm

Azerbaijan's gas export to Europe exceeds 4 bcm

Azerbaijan has increased gas exports by 2.7% in the first four months of 2024, as compared to the same period in 2023, AZerbaijan’s energy minister Parviz Shahbazov wrote on X. According to him, in January-April 2024, 4.2 bcm of …

Armenia asks Azerbaijan for gas

Armenia asks Azerbaijan for gas

Armenia is ready to discuss the issue of purchasing Azerbaijani gas, Armenian Parliament Speaker Alen Simonyan said. “If Armenia leans towards buying gas from Azerbaijan, I believe this is a positive …