Tag Archives: Azerbaijan

Azerbaijan can boost natural gas exports to Europe but needs to secure new sales contracts first, said President Ilham Aliyev. If talks started now, Azerbaijan would be ready to increase exports as soon as next winter, Aliyev said in an interview with Spain’s EFE news service, the text of which …

Kazakhstan plans to attract investments from Azerbaijan to fund renewable energy projects, the country’s trade and integration ministry said. “Our countries have launched various projects in the field of oil and gas, subsoil use, and several other sectors,” Trend quoted the ministry as saying on Saturday. “However, there is no …

At the 19th meeting of the ministers of the member countries of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries, Azerbaijan supported the decision to extend the “Declaration of Cooperation” until the end of 2022, which implies an increase in daily crude oil production by 400 thousand …

BP has commenced production from the East South flank, the new phase of its Shah Deniz II gas field in Caspian Sea offshore Azerbaijan. Planned to reach full production rates in the third quarter of this year, the deepwater flank has a production capacity of 400 million standard cubic feet …

Azerbaijani Minister of Energy Parviz Shahbazov received US Extraordinary and Plenipotentiary Ambassador to Azerbaijan Lee Litzenberger, the Azerbaijani Ministry of Energy told Trend. The sides discussed cooperation between Azerbaijan and the US in the energy sector. The importance of the exchange of practices between the two countries in the field …

Iranian Oil Minister Bijan Namdar Zanganeh met Azerbaijan’s Energy Minister Parviz Shahbazov in Tehran on Tuesday night to discuss the recent developments in the region and the global oil market, Shana reported. Speaking in the meeting, Zanganeh underlined Azerbaijan’s positive role as one of the members of the alliance between …

Azerbaijan and Turkey are expected to ink a memorandum of understanding on Igdir-Nakhchivan gas pipeline, Trend reports citing Turkish media. Azerbaijan’s energy ministry confirmed the information, saying that the details of the document will be revealed after its signing. Reportedly, the document is expected to be signed on Dec.15 between …

Iran’s new ambassador to Azerbaijan Republic on Friday stressed the need for promoting political and economic relations between the two countries. Upon arrival in Baku to start his mission as Iran’s new ambassador, Abbas Mousavi told IRNA, “I am very happy to start my work today in the neighboring, friend, …

Iran Chief of Staff of Presidential Office Mahmoud Vaezi and Azeri Deputy Prime Minister Shahin Mustafayev, underlined on Monday that there is no obstacle on way of trade and economic cooperation between the two neighboring countries. During a phone conversation, the two officials underlined the need to share experiences to …

According to Azernews, ver $106 billion were invested in Azerbaijan’s oil sector in the period between 1995 and 2019, Energy Minister Parviz Shahbazov has said. During the period, out of $140 billion of foreign investments in Azerbaijan, $85 billion were attracted to the oil sector, Shahbazov said addressing the seminar …