To improve the supply of natural gas to the European Union, gas pipeline operators from four EU countries in Central and Southeastern Europe have agreed to strengthen cooperation with the energy company SOCAR of Azerbaijan. Ministers from the five countries signed a memorandum of understanding for cooperation between Romania’s Transgaz, […]
At the end of 2020 the Trans-Adriatic Pipeline (TAP) was put into operation. Since 31st December 2020, natural gas from Azerbaijan has been delivered to Europe via the TAP pipeline, which went into operation on 15th November 2020. In the current year, a total of 11 billion cubic metres of […]
The Baku Energy Forum ran from June 2nd to June 04th, 2022 at the capital’s Congress Center. The Forum, held within the framework of the Baku Energy Week, focused on global energy prospects, opportunities for development and extraction of energy reserves in the Caspian region, financing the transition to green […]
The meeting with the Committee on Eastern European Economic Relations focused on gas supply capacities and future hydrogen use. Under the motto “Azerbaijan beyond Oil and Gas”, representatives of German companies met for a working breakfast with Parviz Shahbazov, Minister of Energy of the Republic of Azerbaijan, on the sidelines […]
Within first seven months of the current year 2021, Azerbaijan produced 20 million 96 thousand tons of crude oil (including gas condensate) and more than 24 billion cubic metres of natural gas. From this volume, 17 billion 756.9 million cubic metres of marketable gas were extracted. During this period, Azerbaijan […]
Azerbaijan has tripled its economy in the last 15 years and in the next 10 years the country aims to double its economy, based on the non-oil sector, and is preparing for a new wave of investment that depends on its ability to take advantage of the fourth industrial revolution. […]