Energy

EIA Sees Azerbaijan Oil Output at 550,000 bpd in 2026, Sliding to 520,000 in 2027

EIA Sees Azerbaijan Oil Output at 550,000 bpd in 2026, Sliding to 520,000 in 2027

The U.S. EIA forecasts Azerbaijan's crude and liquids output at 550,000 bpd in 2026 and 520,000 bpd in 2027, down from about 570,000 bpd in 2025 as Caspian fields mature.

July 28, 2026
Line
3
 Min
Azerbaijan Gas Exports to Syria Hit $140.7M in First Five Months of 2026

Azerbaijan Gas Exports to Syria Hit $140.7M in First Five Months of 2026

Azerbaijan shipped 418.8 million cubic meters of gas worth $140.7 million to Syria in January-May 2026, opening a new SOCAR market via Turkiye under a 1.2 bcm/year deal.

July 28, 2026
Line
3
 Min
Armenia and Greece Sign Energy, Water Regulatory Cooperation Memorandum in 2026

Armenia and Greece Sign Energy, Water Regulatory Cooperation Memorandum in 2026

Armenia's PSRC and Greece's RAAEY signed a memorandum on energy and water regulation cooperation, tied to electricity market reform under EU4Energy Phase III and storage rules.

July 28, 2026
Line
3
 Min
Batumi Oil Terminal Resumes Jet Fuel Transit After Eight-Year Break

Batumi Oil Terminal Resumes Jet Fuel Transit After Eight-Year Break

Georgia's KazTransOil-owned Batumi Oil Terminal has restarted aviation fuel transshipment after eight years, with a first 10,000-tonne JET A1 cargo and 725,000 tonnes H1 2026 throughput.

July 27, 2026
Line
3
 Min
Azeri Light Crude Jumps 8.5% to $109.10 as Global Oil Prices Rally

Azeri Light Crude Jumps 8.5% to $109.10 as Global Oil Prices Rally

Azeri Light crude delivered CIF to Italy's Augusta port surged $8.54, or 8.49%, to $109.10 a barrel on July 24, 2026, one of the sharpest single-session gains of the year.

July 27, 2026
Line
3
 Min
Armenia and Iran Form Joint Energy Working Group, Eye Gas and Refinery Deals

Armenia and Iran Form Joint Energy Working Group, Eye Gas and Refinery Deals

Armenia and Iran agreed on July 25, 2026 to form a joint energy working group to expand gas trade beyond their 3-kWh-per-cubic-meter swap and weigh a new oil refinery.

July 27, 2026
Line
3
 Min
EU Grants SOCAR-Linked Kulevi Refinery in Georgia Six-Month Sanctions Grace Period

EU Grants SOCAR-Linked Kulevi Refinery in Georgia Six-Month Sanctions Grace Period

The EU's 21st sanctions package added Georgia's Kulevi oil refinery with an unprecedented six-month grace period; the plant sold $116M in Russian-crude products from November to January.

July 26, 2026
Line
3
 Min
SOCAR Takes Over Baku-Tbilisi-Ceyhan Pipeline Operatorship From bp in 2026

SOCAR Takes Over Baku-Tbilisi-Ceyhan Pipeline Operatorship From bp in 2026

A SOCAR subsidiary assumed operatorship of the 1,768 km Baku-Tbilisi-Ceyhan oil pipeline from bp on July 1, 2026, a milestone bp framed as a contractual handover, not an exit.

July 26, 2026
Line
3
 Min

Categories

Editor Choice

Retail Energy Tariff Reform: Protecting Consumers While Pricing Risk
Retail Energy Tariff Reform: Protecting Consumers While Pricing Risk
October 30, 2025
Offshore Wind Ports in the Caspian: Readiness, Docks, and Depth
Offshore Wind Ports in the Caspian: Readiness, Docks, and Depth
October 30, 2025
Hybrid Renewable Parks: Solar, Wind, and Storage Co‑Location
Hybrid Renewable Parks: Solar, Wind, and Storage Co‑Location
October 30, 2025
Energy Efficiency in Industry: Motors, Heat, and Measurement
Energy Efficiency in Industry: Motors, Heat, and Measurement
October 30, 2025

Where the Caucasus meets capital. Business, energy, finance, and diplomacy news across Armenia, Azerbaijan, and Georgia.

admin@caucasusbusinessjournal.com | caucasusbusinessjournal.com

© 2026 Caucasus Business Journal. All rights reserved.

Featured Offer
Unlimited Digital Access
Subscribe
Unlimited Digital Access
Subscribe
Close Icon
Webflow Icon