Tag:

Azerbaijan Oil

Why Azerbaijan’s energy strategy is considered a model for other countries

Editor’s note: Faig Mahmudov is a journalist based in Azerbaijan covering regional security, foreign policy, and geopolitical developments. The views expressed in this article are his own and do not necessarily reflect the official position or editorial stance of News.Az.

02 Jun 2026-11:38
President Aliyev, bp CEO discuss long-term energy cooperation, future projects

Azerbaijani President Ilham Aliyev met bp Chief Executive Officer Meg O’Neill in Baku on Tuesday, with discussions focusing on long-standing energy cooperation, ongoing projects and future prospects between the company and Azerbaijan’s state energy firm SOCAR.

12 May 2026-12:37
First Azerbaijani oil shipment arrives in Japan amid supply shift

A tanker carrying the first shipment of Azerbaijani crude oil has arrived in Japan, marking a new step in Tokyo’s efforts to diversify energy supplies amid heightened instability in the Middle East and disruptions in traditional shipping routes.

12 May 2026-11:49
Beyond oil: How Azerbaijan became a regional digital powerhouse

Azerbaijan has pursued a consistent and forward-looking policy to develop information and communication technologies (ICT) as a central pillar of its socio-economic transformation, particularly since the early 2000s.

06 May 2026-21:45
Azerbaijan and Czech Republic strengthen energy and industry partnership

Cooperation between Azerbaijan and the Czech Republic continues to develop as a stable and mutually beneficial partnership between two sovereign states. For decades, Azerbaijan has been a key supplier of crude oil to the Czech Republic, contributing to energy security through diversified supply routes. Azerbaijani oil is transported via the Baku–Tbilisi–Ceyhan pipeline and then delivered to Central Europe.

30 Apr 2026-13:08
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