energy
SOCAR gas production falls 12.8% in the third quarter
SOCAR produced about 1.697 billion cubic metres in July-September. Its company-level output is distinct from Azerbaijan's national total.
ADNOC partners with OpenAI and G42 to bring AI into energy operations
The partnership targets operational and commercial workflows, with human oversight retained for consequential decisions across the business.
Central Asian grid integration: greater scale does not guarantee better returns
EDB scenarios show gross benefits rising alongside costs. Comparing three integration levels and their sensitivity to delivery.
Azerbaijan’s green power corridor: the conditions for export revenue
A subsea cable creates a route, but buyers, tariffs and reliable delivery determine revenue. The commercial test for the Caspian corridor.
Merz Calls for Strengthening Social Stability and Renewing Germany's Economic Foundations
German Chancellor Friedrich Merz at the CSU congress in Munich said it is necessary to renew the country's economic, socio-political and societal foundations despite pressure on the economy.
Azerbaijan upgrades over 70% of transmission system in 7 years
Over the past seven years, Azerbaijan has built or reconstructed 51 substations, upgraded more than 70% of its transmission system and laid about 2,600 km of new power lines, Azerenerji head Baba Rzayev said.
Azerbaijan’s gas export value falls by almost $250 million
Customs recorded 17.994 bcm of exports worth $6.449 billion. A year-on-year comparison and destinations from a separate Energy Ministry release.
US Inflation Accelerates to 3.7% in September
Annual US inflation rose to 3.7% in September from 3.4% a month earlier, exceeding analyst expectations. The main driver was higher energy prices.
Kazakhstan and Azerbaijan to Increase Oil Shipments via Baku-Tbilisi-Ceyhan Pipeline
Kazakh President Kassym-Jomart Tokayev announced plans to boost Kazakh oil supplies through the Baku-Tbilisi-Ceyhan pipeline at the CICA summit in Baku.
SOCAR Ready to Explore Investment Opportunities with Cambodia
Azerbaijan's Economy Minister Mikayil Jabbarov said at the Azerbaijan-Cambodia Business Forum that SOCAR is ready to consider investment opportunities with Cambodia, highlighting energy, including green energy, and welcoming partnership.
IMF and World Bank to Discuss War and Debt Crisis Risks in Bangkok
The IMF and World Bank annual meetings will be held outside Washington for the first time in three years — in Bangkok from October 12 to 18. Key topics include the Middle East conflict, energy security, inflation and record sovereign debt.
Gas Prices in France Up 42.4% Since Start of Year
French presidential candidate Nicolas Dupont-Aignan linked the rise in gas prices to Europe's refusal to settle the Ukrainian crisis and lift anti-Russian sanctions.
Russia Lifts Diesel Export Restrictions Ahead of Schedule
Deputy Prime Minister Alexander Novak announced that Russia is immediately lifting restrictions on diesel exports earlier than planned. He also suggested that supplies abroad could increase in November and December.
Putin and Trump Discuss Energy and Conflict Resolution
The presidents of Russia and the United States discussed prospects for resolving the Russian-Ukrainian conflict, the situation around Iran, and bilateral relations, with particular attention to global energy.
US Treasury Temporarily Allows Russian Diesel Supplies to Global Market
OFAC issued a temporary general license exempting Russian diesel fuel supplies from US sanctions until April 7, 2027.
EU Thanks Azerbaijan for Humanitarian Aid to Ukraine
The European Union expressed gratitude to Azerbaijan for its humanitarian assistance to Ukraine, highlighting its importance amid attacks on energy infrastructure and preparations for winter.
Azerbaijan and Germany Discuss Energy Partnership and Industrial Cooperation
Azerbaijan's Deputy Minister of Economy Samad Bashirli met with a representative of Germany's Federal Ministry for Economic Affairs and Energy, Gerlind Heckmann. The sides discussed energy partnership and support for cooperation in industry and technology.
Azerbaijan and Armenia Discuss Power Line Construction Under TRIPP Project
A technical meeting between Azerbaijani and Armenian representatives on power line construction under the TRIPP project took place in Goris. The sides discussed coordination and next steps.
UK Imposes Sanctions on 38 Russian Entities and Shadow Fleet Vessels
The UK government has expanded sanctions against Russia, adding 38 individuals and entities, as well as shadow fleet vessels, to its restrictions list.
Azerbaijan Seeks Stability in Commodity Markets and Conflict Resolution
Azerbaijan's Deputy Foreign Minister Elnur Mammadov expressed the country's interest in stability in commodity markets and the swift resolution of the Russia-Ukraine conflict and the situation in the Middle East.
EIA: Global Liquid Fuel Production to Fall to 101.09 Million Barrels per Day in 2026
The EIA expects global oil and other liquid fuel production to decline by 5.2 million barrels per day in 2026 to 101.09 million barrels. In 2027, output is projected to rise to 109.55 million barrels per day.
EIA: Global Oil Production to Fall 4.7% in 2026, Rise 8.1% in 2027
The U.S. Energy Information Administration forecasts global crude oil production will drop to 75.40 million barrels per day in 2026 and rise to 81.50 million barrels per day in 2027.
Azerbaijan Sends Ukraine Electrical Equipment Worth 2.5 Million Manats
Azerbaijan has sent another batch of humanitarian aid to Ukraine, including electrical equipment worth 2.5 million manats. The shipment was formed at Ukraine's request.
Bayramov: Middle Corridor Strengthens East-West Ties
Azerbaijan's Foreign Minister said the Middle Corridor is playing a growing role in international trade at a meeting of Central Asian and Azerbaijani foreign ministers in Turkmenistan.