Azerbaijan | News

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 […]

By the year 2026, Azerbaijan plans to increase the annual volume of gas exports to Europe by 17% from 2023 to 14 bcm, SOCAR Deputy Vice President Vitaly Beglyarbekov stated  in an interview with the European edition of “Montel News” in Budapest. According to him, within two years Azerbaijan plans to export about 14 bcm […]

Against the backdrop of Avigdor Lieberman's warm ties with Baku, his sons Amos and Kobi became paid intermediaries between the government of Azerbaijan and Israeli tech companies

In January-March 2024, tax revenues to the state budget of Azerbaijan through the State Tax Service (STS) amounted to 4 billion 281 million 505.1 thousand manats. According to the State Tax Service under the Ministry of Economy of Azerbaijan, tax revenues decreased by 12.4% compared to the first quarter of 2023. “During the reporting period, […]

The Trans-Adriatic Pipeline (TAP), which is part of the Southern Gas Corridor, is a strategic infrastructure that delivers gas from Azerbaijan to Europe.  And this gas pipeline played a very important role when Europe faced significant energy supply problems. Greek Ambassador to Azerbaijan Christos Kapodistrias stated at an event dedicated to the National Day of […]

In January of this year, Azerbaijan continued to import Turkmen gas, the data published in the trade bulletin of the State Statistical Committee of the Republic of Azerbaijan. According to the document, in January 2024, Azerbaijan imported 161 million 309.35 thousand cubic meters of gas from Turkmenistan in the amount of $24 million 196.4 thousand […]

In January 2024, the countries of the European Union (EU) imported about 19.7 thousand tons of petroleum products from Azerbaijan, by 83 times more than in the same period of 2023. According to the statistical Office of the European Union (Eurostat), in monetary terms, supplies increased 42 times, to about 11.3 million euros. The lion’s […]

The 10th Ministerial Meeting of the Southern Gas Corridor Advisory Council reaffirmed the important role of the SGC as a reliable transmission system which secures stable and competitive energy supplies from Azerbaijan.

Azerbaijani President Ilham Aliyev said that Azerbaijan plans to use renewable energy sources to the maximum extent in ten years and reduce the consumption of natural gas inside the country. “I think this is part of our common green agenda and our sense of responsibility, because a country rich in fossil fuels should be at […]

By the end of 2023, Azerbaijan imported 2 332 254 040  cubic meters of gas (in 2022 – 1 016 423 600 cubic meters), special bulletin of the State Statistics Committee of the Republic of Azerbaijan. According to the report, Azerbaijan paid $361 997 490 for the import of this volume of natural gas (in […]

Azerbaijan has opened a training facility and hanger for a new Akinci drone, confirming the country bought the Turkish-made combat system.

The State Oil Company of Azerbaijan (SOCAR) has announced the volumes of gas consumption in the country based on the results of last year. According to SOCAR, in 2023, gas consumption in Azerbaijan amounted to 13 billion 439 million 700.969 thousand cubic meters. It should be noted that in 2022, Azerbaijan consumed 13 billion 533 […]

Norwegian Equinor plans to close the deal to sell SOCAR (State Oil Company of Azerbaijan) its assets in Azerbaijan in 2024. “The transaction is expected to close during 2024,” Equinor said in its fourth-quarter 2023 report. In the fourth quarter, Equinor recognised net impairments of USD 328 million, mainly related to the announced sale of […]

In January 2024, revenues to the State Oil Fund of Azerbaijan (SOFAZ) from the sale of profitable oil from the Azeri-Chirag-Guneshli block (ACG)  amounted to $387 million 645 thousand. According to SOFAZ, this is $237 million 429 thousand, or  by 38% lower than in January ($625 million 74 thousand) last year. The Oil Fund of […]

Condensate accounted for 17.3% of the total oil production in the country, the remaining 82.7% or 24 million 892.89 thousand tons was crude oil (a decline of 10%), the State Committee on Statistics of the Republic of Azerbaijan. By the end of 2023, oil production with gas condensate in Azerbaijan amounted to 30 million 189.59 […]