Azerbaijan | News

ISLAMABAD - Pakistan on Monday offered Azerbaijan investment opportunities in its untapped carbon trading sector during a meeting between Climate Change Minister Musadik Malik and Ambassador Khazar Farhadov to boost bilateral cooperation in environmental and economic areas.

Azerbaijan and China have reached agreement on the construction of new solar and wind power plants in Azerbaijan and a battery energy storage system, the Azertac state agency reports. “The Azerbaijani Energy Ministry and Chinese companies signed six documents between in Beijing on Tuesday during Azerbaijani President Ilham Aliyev’s state visit to China,” it said. […]

  Minimum 6 years related experience.  At least 3-4 years in equivalent or level down position.   Degree qualified: University Diploma /relevant experience   Azerbaijan and Turkmenistan Procurement & Sourcing Lead: 1) Account for the performance of the P&S organization (purchase price inflation, ontime delivery, supplier management, sourcing plan delivery, maintaining service level for internal […]

The emerging deal appears to be an Armenian surrender, with doubts about its implementation, but both nations stand to gain leadership in the new world order. Meanwhile, Trump's envoy, Witkoff, visited Baku, hinting at potential U.S.-Azerbaijan-Israel cooperation as Azerbaijan also eyes a role in Syria's reconstruction

President Ilham Aliyev of Azerbaijan has signed an order to allocate $1 million to provide humanitarian aid to Ukraine.

In January-November 2024, Azerbaijan imported 1.724 million tons of crude oil worth $948.86 million, the monthly bulletin “Foreign Trade Relations of Azerbaijan,” prepared by the State Statistics Committee of the Republic of Azerbaijan. Based on the official statistics,  Caspian Barrel calculated that the average cost of 1 ton of imported oil was $550.38, or about […]

In January-November 2024, Azerbaijan imported 513.5 mcm of natural gas worth nearly $82 million. In the same period of 2023, Azerbaijan imported 2 billion 217.7 mcm of natural gas,  the monthly bulletin “Foreign Trade Relations of Azerbaijan,” prepared by the State Statistics Committee of the Republic of Azerbaijan. Based on official statistics, Turan Agency  calculated […]

Liderul de la Kiev, Volodimir Zelenski, a declarat că Ucraina este pregătită să transporte gaz natural din Azerbaijan către Europa, iar un contract ar putea fi semnat rapid, dacă se ajunge la un acord, notează ,,Bloomberg”.

President Volodymyr Zelensky has stated that Ukraine is ready to transport gas from Azerbaijan.

Azerbaijan has surpassed all countries of the Commonwealth of Independent States (CIS) and the Caspian region in the 2024 Energy Transition Index (ETI), compiled by the World Economic Forum (WEF). Azerbaijan ranked 38th among 120 countries with a total score of 60.3, leaving behind all CIS countries and its neighboring states. Among its neighbors, Azerbaijan […]

Jewish civilization in Azerbaijan dates back over 1,500 years. Oral tradition states that Jews first arrived in the South Caucasus country during the eighth century BCE.

Equinor has closed transactions exiting the upstream businesses in Azerbaijan and Nigeria, with a total estimated consideration of up to $2 billion. Report informs citing the company that after more than 30 years as a business partner in Azerbaijan and Nigeria, transactions leading to Equinor exiting the countries have now been closed on November 29 and […]

GL Group is set to drill the first onshore horizontal well in Azerbaijan’s history at a depth of 4,400 meters, with a planned lateral length of approximately 400 meters, targeting deep oil reservoirs at similar depths. This horizontal well is part of a larger initiative that includes drilling three new sophisticated deep wells in the […]

The State Oil Company of the Republic of Azerbaijan (SOCAR) started gas deliveries to Slovakia’s SPP, the country’s largest state-owned energy supplier, starting on December 1, reports via SOCAR. “Gas supplies are being conducted under a short-term pilot agreement between SOCAR and SPP, with both companies aiming to strengthen and expand their long-term energy partnership,” […]

Azerbaijan presented its National Strategic Review for Hydrogen at the COP29 conference.

On Tuesday 12 November 2024, the International Court of Justice will deliver its Judgment on the preliminary objections raised by Azerbaijan in the case concerning Application of the International Convention on the Elimination of All Forms of Racial Discrimination (Armenia v. Azerbaijan). A public sitting will take place at 3 p.m. at the Peace Palace in The Hague, during which Judge Nawaf Salam, the President of the Court, will read out the Court’s Judgment. It is recalled that, on 16 September 2021, Armenia instituted proceedings against Azerbaijan concerning alleged violations of the International Convention on the Elimination of All Forms of Racial Discrimination (CERD) (see press release No. 2021/20). On 21 April 2023, Azerbaijan raised preliminary objections to the jurisdiction of the Court and, in accordance with Article 79bis, paragraph 3, of the Rules of Court, the proceedings on the merits were suspended pending a decision of the Court on those objections (see press release No. 2023/22). By an Order ...

As Azerbaijan now prepares to host COP29, several challenges lie ahead. We had a look at country's current energy mix, the renewable energy potential and the main obstacles to remove for a successful green transition.

The European Bank for Reconstruction and Development (EBRD) is extending a loan of up to US$ 7.5 million (€6.9 million) in local currency to Bank Respublika, one of Azerbaijan’s leading commercial banks. The partner bank will on-lend the proceeds to small and medium-sized enterprises (SMEs). The loan aims to boost the competitiveness and green transition of […]

GL Group, the first privately owned group of energy companies in Azerbaijan, is making its first international strategic move, with its entry into the upstream natural gas business in Türkiye. This makes GL Group an international energy player, aligning with its strategy to become a regional mid-sized energy company. GL Group has acquired a 25% […]

European Union (EU) countries increased their gas imports from Azerbaijan by 5.5% in the period from January to July 2024, totaling 297,765 terajoules (TJ) compared to the same period last year. According to Eurostat, the value of gas supplied from Azerbaijan to EU countries during this period was €2.484 billion, a decrease of 35.5%. In […]