Bond.az White LogoBond.az Black Logo

Minister announces years for Karabakh and Absheron fields

Energy Minister Parviz Shahbazov announced the commissioning years of the Karabakh and Absheron fields. Karabakh in 2027, Absheron in 2029.

Lucas Garcia
ByLucas Garcia- Senior Editor
|
0

Energy Minister Parviz Shahbazov announced the commissioning years of the Karabakh and Absheron fields at the Baku Energy Forum.

The Karabakh oil field will be commissioned in 2027, and the Absheron field in 2029.

The minister emphasized that the global energy crisis has increased the importance of secure supply.

Azerbaijan acts as both a reliable energy supplier and a strategic actor.

Last year, Azerbaijan met 8.1% of the EU's gas needs.

The TRIPP route will strengthen connections and support the green energy agenda.

More News
Yesterday / 17:01
|
373

SOCAR launches innovation competition

SOCAR launches innovation competition on smart urban planning. Students, startups, and researchers can apply for a 6-week mentorship program.

0
Yesterday / 10:31
|
415

Oil prices drop: Brent $77.56, WTI $73.73

Latest oil prices on global exchanges: Brent at $77.56, WTI at $73.73, down.

0
Yesterday / 10:00
|
481

SpaceX shares drop $400 billion in one day

Elon Musk's SpaceX shares lost $400 billion in value in one day. Stock price fell to $154.6.

0
Yesterday / 07:32
|
372

Sustainable agricultural development base formed

Presidential aide Shahmar Movsumov announced the formation of a base for sustainable agricultural development in Azerbaijan.

0
Yesterday / 07:31
|
863

Fines for false seed info expanded

Fines for false information in seed activities expanded. New draft law sets penalties for individuals, officials, and legal entities.

0
Yesterday / 07:31
|
925

New bill on agricultural land consolidation in Azerbaijan

Azerbaijan's Milli Majlis discusses a bill on agricultural land consolidation. Landowner rights and compensation are key provisions.

0
Yesterday / 06:00
|
927

Azerbaijan oil drops to $80

Azerbaijan oil price falls to $80.43. Azeri Light crude decreases by $2.52.

0
2026-06-22 17:30
|
302

6 wagons of fertilizer from Russia to Armenia via Azerbaijan

Russia will send 6 wagons of fertilizer to Armenia via transit through Azerbaijan. Date: June 23.

0
2026-06-19 12:02
|
961

Baku at Center of OIC Anti-Corruption Agenda

Baku at the center of OIC's anti-corruption agenda. A cooperation document signed for the high-level meeting on October 27-28, 2026.

0
2026-06-19 08:03
|
583

Modern irrigation systems to be expanded

Natiq Amirov: Modern irrigation systems to be expanded under the 2026-2030 State Program, increasing wheat and cotton productivity.

0
2026-06-19 07:32
|
451

$28 Billion Needed for Middle Corridor

AIIB Managing Director Xiaohong Yang says $28 billion investment is required for the Middle Corridor. Details on Bond.az.

0
2026-06-19 07:01
|
725

Trade with Tajikistan up 200%

Tajikistan's Minister of Economic Development and Trade Abdurahmon Abdurahmonzoda reported a 200% increase in trade turnover with Azerbaijan. Cooperation prospects were discussed.

0
...