energy
Trump Rejects Iran's Strait of Hormuz Proposal
US President Donald Trump said he rejected an Iranian plan to resume shipping through the Strait of Hormuz.
SOCAR and Comstock Resources Agree on Strategic Partnership
SOCAR President Rovshan Najaf announced a meeting with Comstock Resources leadership and the signing of a letter of intent on strategic partnership.
Azerbaijan's Remittance Balance Up 74.1%
In January–August 2026, Azerbaijan's remittance balance reached $751 million, up 74.1% year-on-year. The Central Bank of Azerbaijan (CBA) may raise its current account surplus forecast.
Qatar Calls US Forecast on Strait of Hormuz Losing Importance 'Wrong'
Qatar's Energy Minister Saad al-Kaabi disagreed with US Treasury Secretary Scott Bessent's claim that the Strait of Hormuz will lose its significance in two years. Qatar does not plan to build bypass pipelines.
Azerbaijan and Turkmenistan Discuss Energy Cooperation
Azerbaijan's Ambassador to Turkmenistan, Gismat Gozalov, met with Nazar Atajanov, Director of the Turkmen Energy Forum. The parties discussed joint exhibitions and exchange of experience in the energy sector.
Moody's: Middle Corridor Accelerates Growth in Kazakhstan, Azerbaijan and Georgia
Moody's notes that investment in transport, logistics and energy in Central Asia and the Caucasus supports economic diversification and medium-term growth.
Iran Sets Seven Conditions for Opening the Strait of Hormuz
Iran has conveyed seven conditions to the United States through intermediaries that must be met for the Strait of Hormuz to reopen. Until they are fulfilled, the strait will remain closed.
SOCAR and TPAO Expand Energy Partnership into New Projects
Azerbaijan's SOCAR and Turkey's TPAO are working on new projects in Azerbaijan, Turkey and third countries, Turkish Energy Minister Alparslan Bayraktar said.
Azerbaijan and Turkey Expand Energy Cooperation
At the 5th Azerbaijan-Turkey Energy Forum in Baku, the sides identified new areas of cooperation, including green energy and digitalization.
Azerbaijan to Link Nakhchivan to Its Power Grid via Zangezur Corridor
Azerbaijan's Energy Minister Parviz Shahbazov said the Zangezur energy corridor will expand prospects for cooperation in the electricity sector. In the initial phase, 1 GW of electricity is planned to be exported from Nakhchivan to Turkey.
Albania and Argent LNG to assess construction of LNG terminal connected to TAP
The Albanian government and US-based Argent LNG have signed a memorandum to jointly evaluate a project for an onshore LNG terminal on the country's coast with a connection to the Trans Adriatic Pipeline.
Ukraine receives 36.55 tons of cable from Azerbaijan for energy sector
Ukraine has received three shipments of high-voltage cable from Azerbaijan over the past two weeks to repair power grids in Kyiv region.
Trump Says Oil Supplies Through Strait of Hormuz Restored
U.S. President Donald Trump announced that oil shipments through the Strait of Hormuz have recovered to 18 million barrels per day, noting that the previous level has been reached.
US to Get Stake in Venezuelan Oil Deal
Trump's deal with Venezuela gives the US a 35% stake in a private company and preferential rights to buy oil at cost.
Uzbekistan and Azerbaijan to Discuss Energy Cooperation
In early September, an Uzbek delegation led by the Energy Minister will visit Azerbaijan for talks on implementing joint energy tasks.
Russia's Gas Production Up 1% in July
Russia's natural gas production in July 2026 reached 47.8 billion cubic meters, up 1% year-on-year, according to Rosstat.
Azerenergy Completes First Stage of Zangezur Power Line
Azerenergy is completing the first stage of the Zangezur power line, which will connect Nakhchivan to Azerbaijan's main power grid and become part of the Azerbaijan-Nakhchivan-Turkey-Europe international corridor.
Trump: Hormuz Strait to Lose Significance Due to Pipelines
US President Donald Trump said the Strait of Hormuz will become less important thanks to pipeline construction and alternative oil supply routes.
Iraq's Oil Pipeline Through Syria: $15 Billion and Four Years to Build
Iraq plans to build a new oil pipeline through Syria to reduce dependence on the Strait of Hormuz. The project is estimated at $15 billion and will take about four years.
Azerbaijan's Gas Exports Down 7.3% in Seven Months
In January-July 2024, Azerbaijan exported 14.4 billion cubic meters of gas worth $4.9 billion, down 7.3% in value but up 0.1% in volume.
Russia Imposes Year-Round Ban on Crypto Mining in Moscow and Several Regions
The Russian government has restricted crypto mining in Moscow, the Moscow region, and parts of the Kursk region until 2032 to reduce strain on the energy system.
Moscow and Moscow Region Ban Cryptocurrency Mining
Starting August 15, cryptocurrency mining is banned in Moscow, the Moscow region, and parts of the Kursk region. The restrictions will remain in effect until the end of 2032.
Georgia Advocates Stronger Ties with Azerbaijan and Turkey
Georgian Prime Minister Irakli Kobakhidze stressed the need to strengthen strategic ties with Azerbaijan and Turkey, including regional connectivity.
Black Sea Energy Project Moves to Development Phase
GECO Power and CESI discussed key steps to transition the Black Sea green energy corridor project from feasibility study to development stage.