Energy

Azerbaijan's Q1 2026 Energy Report: Oil Revenues Up 20%, Green Output Climbs

Azerbaijan's Q1 2026 Energy Report: Oil Revenues Up 20%, Green Output Climbs

Azerbaijan's Q1 2026 energy sector delivered strong results: oil revenues climbed 20%, Azeri Light topped $118 per barrel, and green power output reached 6.99 billion kWh.

April 23, 2026
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SOCAR Acquires 10% Stake in Côte d'Ivoire's Baleine Oil Field via Eni Partnership

SOCAR Acquires 10% Stake in Côte d'Ivoire's Baleine Oil Field via Eni Partnership

SOCAR has acquired a 10% stake in Côte d'Ivoire's Baleine oil field via Eni, marking Azerbaijan's state energy company's first West African upstream entry and international diversification push.

April 23, 2026
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Romania Joins Azerbaijan-Georgia Green Energy Corridor as Black Sea Cable Project Advances

Romania Joins Azerbaijan-Georgia Green Energy Corridor as Black Sea Cable Project Advances

Romania has moved to join the Azerbaijan-Georgia-Turkey-Hungary green energy corridor as the Black Sea undersea cable project gains EU Project of Mutual Interest status and TYNDP 2026 inclusion.

April 23, 2026
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Azerbaijan's Q1 2026 Oil Output Reaches 6.6 Million Tons as Azeri Light Tops $118

Azerbaijan's Q1 2026 Oil Output Reaches 6.6 Million Tons as Azeri Light Tops $118

Azerbaijan produced 6.6 million tons of oil and 12.6 bcm of gas in Q1 2026, with Azeri Light prices surpassing $118 per barrel on Middle East supply disruptions.

April 23, 2026
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SOCAR Acquires 10% Stake in Côte d'Ivoire Offshore Project in Global Expansion Push

SOCAR Acquires 10% Stake in Côte d'Ivoire Offshore Project in Global Expansion Push

SOCAR has acquired a 10% stake in Eni's Baleine deepwater project in Côte d'Ivoire, marking Azerbaijan's most significant expansion into sub-Saharan Africa to date.

April 23, 2026
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Azerbaijan's Garadagh Solar Plant Passes 1.1 Billion kWh Milestone in Green Drive

Azerbaijan's Garadagh Solar Plant Passes 1.1 Billion kWh Milestone in Green Drive

Azerbaijan's Garadagh solar plant has generated over 1.1 billion kWh, marking a flagship milestone in the country's drive to reach 30% renewable electricity by 2030.

April 23, 2026
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Azerbaijani Gas Reaches Germany and Austria as TAP Completes 1.2 bcm Expansion

Azerbaijani Gas Reaches Germany and Austria as TAP Completes 1.2 bcm Expansion

Azerbaijani gas began flowing to Germany and Austria in January 2026 after TAP completed a 1.2 bcm expansion, bringing the total number of countries receiving Azerbaijani gas to 16.

April 23, 2026
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Azerbaijan and BP Deepen Partnership with New ACG Production Targets for 2026

Azerbaijan and BP Deepen Partnership with New ACG Production Targets for 2026

Azerbaijan and BP have agreed new ACG production plans targeting 120.1 million barrels in 2026, alongside an electrification roadmap and a new solar plant due online in 2027.

April 23, 2026
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