Azerbaijan | News

According to operational data for January - July 2024, Azerbaijan exported 7.5 billion cubic metres (bcm) of gas to Europe.

Energy cooperation between Serbia and Azerbaijan is essential for ensuring long-term natural gas supply security, stated Stefan Srbljanović, Serbia's State Secretary of the Ministry of Mining and Energy.

In January-June 2024, the reserves of commercial natural gas in Azerbaijan amounted to 21 billion 870.9 mcm, taking into account the remaining reserves at the beginning of the year, the report of the State Statistics Committee of the Republic of Azerbaijan. According to the data, in the first half of the year, 27.5% of commercial […]

In January-June of this year, 2 million 726.68 thousand tons of gas condensate were produced in Azerbaijan, by 7.4% more than in the first half of last year. According to the State Statistics Committee of the Republic of Azerbaijan, 2 million 722.79 thousand tons accounted for the share of commercial condensate volumes, which means an […]

Slovenia and Azerbaijan can sign a contract for gas supplies in coming weeks, Minister of Environment, Climate, and Energy of Slovenia Bojan Kumer said in an exclusive interview with Trend, as he visited Baku. He noted that the purpose and the focus of the visit is twofold. “Firstly, it is about continuing a very promising dialogue […]

The first voyage of the tanker “Zangilan”, built at Baku Shipyard by order of Azerbaijan Caspian Shipping Company CJSC (ASCO), took place to the Turkmen port of Aladzha, Trend reports via ASCO. According to information, the new tanker delivered a batch of Turkmen crude oil to the Sangachal seaport of Azerbaijan for further transit (via the Baku-Tbilisi-Ceyhan […]

 The State Oil Company of Azerbaijan (SOCAR) and Slovenia’s largest natural gas supply company, Geoplin, have signed a memorandum of understanding to expand cooperation in the field of gas supplies, Trend reports via SOCAR. The document was signed following negotiations between SOCAR President Rovshan Najaf and Slovenian Minister of Environment, Climate, and Energy Bojan Kumer. The meeting […]

Bulgaria and Azerbaijan will enhance their energy cooperation to ensure security and diversification of natural gas supplies. Bulgaria confirmed its interest in receiving additional quantities of gas from Azerbaijan based on long-term contracts at the sixth meeting of the Intergovernmental Commission for Economic Cooperation in Baku. Bulgaria reiterated its support of the future expansion of […]

Moody’s International rating agency has confirmed the rating of senior unsecured ratings in foreign currency of Southern Gas Corridor CJSC (SGC) at Ba1 and changed the outlook from stable to positive. According to Moody’s, Azerbaijan benefits from higher EU demand for its gas, reflecting the bloc’s efforts to diversify sources and supply routes in order […]

A consortium led by the Canadian company Brookfield Asset Management Ltd., which also includes the State Oil Fund of Azerbaijan (SOFAZ), is investing in the international educational company GEMS Education with headquarters in Dubai. Prior to that, it became known that Brookfield Asset Management plans to invest about $ 2 billion in an educational company. […]

The French Senate Research Commission has submitted to the government a report on the activities of the French giant “Total Energies,” in which, in particular, it recommended that the company stop investing in the oil and gas sector of Azerbaijan. According to French media, the activities of “Total Energies” were considered in the context of […]

The European Union and Ukraine have asked Azerbaijan to facilitate discussions with Russia regarding a gas transit deal that is set to expire at the end of this year, an Azeri presidential advisor told Reuters on Thursday. “Yes we were approached by the EU and Ukraine to play a role in the gas transit. We […]

European officials have pitched Azerbaijan on a scheme to run its gas through a pipeline that currently brings Russian fuel to the EU via Ukraine, a senior Azerbaijani official told POLITICO. The proposal is a way to keep natural gas flowing to Europe — while cutting out Russia — when a transit deal between Kyiv and […]

Azerbaijan’s Minister of Energy, together with the President of Azerenergy signed several renewable energy agreements with the CEO of Masdar.

The State Oil Company of Azerbaijan Republic (SOCAR) and the UAE’s Masdar company signed agreements on renewable energy, on June 4, Azerbaijani Economy Minister Mikayil Jabbarov wrote on X, Report informs. “The agreements signed today between SOCAR and the United Arab Emirates’ Masdar on the utilization of solar and wind energy mark a significant milestone in Azerbaijan’s […]

Azerbaijan Airlines AZAL, Azerbaijan’s state-owned airline, has launched the Bucharest-Baku flight that will connect the two countries via a direct flight for the first time.

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 manager  : 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 […]

Ministers of Energy of Kazakhstan, Azerbaijan and Uzbekistan signed a Memorandum on Cooperation on the integration of their energy systems.

Azerbaijan and Hungary held the fourth meeting of the Working Group on Energy at the Ministry of Energy of Azerbaijan to review the development of their cooperation in various fields of energy.

Min 10+ years in Finnance.  Completed Competency trainings   Diploma or degree qualified in finance.   Production System Business  Controller for  Azerbaijan,  Turkmenistan and Kazakhstan: -Record Revenue Accruals -Conduct Contract Assessment -Validate Revenue Recognition Criteria -Perform Revenue Accounting -Prepare Tender/Proposal Technical Documentation -Prioritize Opportunities for Engagement -Analyze Customer Contract Commercial Performance -Analyze Customer Contract Financial […]