Energy

Absheron Gets Final Investment Decision as SOCAR and ExxonMobil Sign Kura Basin PSA

Absheron Gets Final Investment Decision as SOCAR and ExxonMobil Sign Kura Basin PSA

SOCAR, TotalEnergies and XRG took a final investment decision on Absheron's full-field development, while SOCAR and ExxonMobil signed a PSA for unconventional gas in the Middle Kura basin.

October 10, 2026
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SOCAR Moves Toward Year-End Decision on $7 Billion Petkim Expansion

SOCAR Moves Toward Year-End Decision on $7 Billion Petkim Expansion

SOCAR is advancing a $5-7 billion petrochemical expansion at Petkim in Türkiye, with a final investment decision due by end-2026, Fitch says.

October 7, 2026
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Azerbaijan Gas Exports Reach 16.37 bcm, but Revenue Slips 4.8% to $5.7bn

Azerbaijan Gas Exports Reach 16.37 bcm, but Revenue Slips 4.8% to $5.7bn

Azerbaijan exported 16.37 bcm of gas worth $5.7 billion in January–August 2026; value fell $286 million (4.8%) while volumes slipped just 0.5%, official data show.

October 6, 2026
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SOCAR Targets $7 Billion Türkiye Petrochemical Push as Fitch Flags 2x Leverage

SOCAR Targets $7 Billion Türkiye Petrochemical Push as Fitch Flags 2x Leverage

SOCAR is preparing a final investment decision by end-2026 on a petrochemical expansion in Türkiye worth up to $7 billion, while Fitch projects capex of AZN 4 billion a year.

October 5, 2026
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Azerbaijan Fast-Tracks Green Energy Projects in Karabakh

Azerbaijan Fast-Tracks Green Energy Projects in Karabakh

Azerbaijan is fast-tracking permits for utility-scale solar and wind projects in Karabakh, positioning the region as a flagship green energy zone.

October 4, 2026
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Georgia's Hydropower Exports Generate $180M Revenue

Georgia's Hydropower Exports Generate $180M Revenue

Seasonal electricity exports to Turkey and Armenia capitalize on abundant water resources

October 4, 2026
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Armenia's Renewable Energy Capacity Reaches 1.2 GW Milestone

Armenia's Renewable Energy Capacity Reaches 1.2 GW Milestone

Solar and wind projects accelerate Armenia's transition away from fossil fuel dependency

October 4, 2026
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Poland Invests $581M in Green Hydrogen Production Facilities

Poland Invests $581M in Green Hydrogen Production Facilities

Poland's development bank BGK commits PLN 2.117 billion to five domestic companies for 343 MW of green hydrogen projects.

October 4, 2026
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