Tag:

Azerbaijan Oil

Azerbaijan, Turkmenistan, Kazakhstan – where will Georgian refineries buy oil?

Georgian company Black Sea Petroleum (BSP), which owns the country’s only oil refinery in Kulevi (Kulevi Oil Refinery), plans to fully phase out Russian crude and rely instead on Azerbaijan’s transit infrastructure to access alternative supplies. The announcement was made by BSP co-founder and CEO David Potskhveria in an interview with BMGTV.

15 Apr 2026-08:58
Azerbaijani oil prices average $85 in Q1 2026 outperforming budget forecasts

The average export price of Azerbaijan’s Azeri Light (CIF) crude oil per barrel in global markets for January–March 2026 has been announced

08 Apr 2026-16:05
High oil prices: pros and cons for Azerbaijan

Rising oil prices are traditionally seen as an unequivocal benefit for hydrocarbon-exporting countries. For Azerbaijan, whose economy largely depends on the energy sector, this factor indeed plays a key role. However, in modern conditions, the impact of oil prices on the country’s economy is far more complex and multifaceted than it may appear at first glance.

08 Apr 2026-09:30
Azeri Light oil surges to $141.68 amid global market volatility

The price of Azerbaijani oil grade Azeri Light (CIF) has risen sharply on global markets, increasing by $10.89, or 8.3%, to reach $141.68 per barrel.

03 Apr 2026-11:09
Amid Middle East unrest, Azerbaijani oil prices soar to new high

The price of Azerbaijan's Azeri LT CIF oil rose by $2.99, or 2.46%, to reach $124.24 per barrel in the global market.

28 Mar 2026-14:58
Why Azerbaijan matters more than ever to Germany and Europe

Editor’s note: Alexander Rahr is a German political scientist and chairman of the Eurasian Society in Berlin. The views expressed in this article are those of the author and do not necessarily reflect the position of News.Az.

19 Mar 2026-11:50
Azerbaijan transports 4 million tons of Kazakhstani oil

The State Oil Company of Azerbaijan (SOCAR) and KazMunayGaz (KMG) have successfully advanced the project of transporting Kazakh oil through Azerbaijan, increasing the transit volume to 4 million tons, according to SOCAR.

17 Mar 2026-19:55
Azerbaijan launches search for new Caspian oil and gas reserves

The State Oil Company of the Republic of Azerbaijan (SOCAR) has launched a new phase of offshore exploration in Azerbaijan’s sector of the Caspian Sea with detailed seabed studies at the promising Goshadash structure. The project marks a preparatory stage ahead of a large-scale seismic survey that will use advanced Ocean Bottom Node (OBN) technology, underscoring Azerbaijan’s commitment to expanding its hydrocarbon resource base and maintaining its role as a key energy supplier to regional and global markets.

13 Mar 2026-13:40
Georgia sets symbolic tariff for Azerbaijan-Armenia oil transit

Georgia has set a symbolic tariff for the transit of oil products from Azerbaijan to Armenia.

21 Feb 2026-10:56
Azerbaijan plans to increase gas supplies to Serbia to 1 billion cubic meters per year

Starting from 2026, Azerbaijan plans to increase gas supplies to Serbia to 1 billion cubic meters per year, Deputy Minister of Energy of Azerbaijan Orkhan Zeynalov said in an interview with the Serbian weekly NIN.

14 Feb 2026-21:14