The president of Azerbaijan, who is hosting climate summit COP29, has hailed oil and gas as "a gift from God" as he lambasted Western media and climate activists. President Ilham Aliyev kicked off the conference with a wide-ranging, critical speech in ...
BAKU, Sept. 20 (Xinhua) -- BP and the State Oil Company of Azerbaijan Republic (SOCAR) signed a memorandum of understanding (MOU) on Friday to formalize BP's intention of joining agreements for the exploration and development of two oil blocks in the Azerbaijani sector of the Caspian Sea,...
Azerbaijani President Ilham Aliyev has met with BP Chairman Helge Lund to discuss future oil and gas projects in the Caucasian nation. Although Western powers condemned Baku’s recent assault on Nagorno-Karabakh, they are increasingly dependent on Azerbaijan for energy. Aliyev and Lund met in Baku...
GEORGIAN President Eduard Shevardnadze met with the head of Azerbaijani International Operational Co David Woodward recently to discuss the implementation of two projects: the construction of the Baku-Tbilisi-Erzerum gas pipeline, and the Baku-Tbilisi-Ceyhan oil pipeline. After the meeting, Woodward ...
Azerbaijan - Trade, Oil, Gas: Azerbaijan exports chemicals, machinery, food (particularly grapes and other fruits and vegetables), beverages, petroleum and natural gas, iron and steel, nonferrous metals, and other products; its imports include iron and s
The Development of the Oil and Gas Industry in Azerbaijanby Dr. Khoshbakht YusifzadeLeft: Transporting oil products from the Nobel Brothers' Factory.Since ancient times, Azerbaijan has been one of those regions of the world where there is a long history of involvement with oil. A chronology ...
Azerbaijan's Oil Workers' Rights Protection Committee said fire had broken out at the Umid gas field at an old exploration site. SOCAR denied this. Offshore fields are the main source of Azeri gas output, the bulk of which the former Soviet republic exports to Europe. (Reporting...
The intention to build the 240 MW solar plant is part of a plan by oil- and gas-rich Azerbaijan to reduce carbon emissions by 35% by 2030, as well as BP's strategy to cut its net emissions to zero by 2050. Azerbaijan said the project was part of plans to develop a green energy ...
Aliyev also called for countries with large oil and gas reserves to be in the “front row” of discussions around how to address the issue of climate change. It was a “huge responsibility” to host COP29 in Baku, he said, and he wanted to build and strengthen bridges between nations. ...
OilGasRevenue ManagementState Oil Fund of the Republic of AzerbaijanVolatilityNon-Oil DeficitFiscal RulesThis policy paper is an assessment of the current situation in management of oil revenues in Azerbaijan in order to find solutions for improving it. This policy...