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
Today / 11:34
|
311

Ahmadbayli-Fuzuli-Shusha road becomes toll

Tariff Council announces toll rates for Ahmadbayli-Fuzuli-Shusha highway. Passenger cars pay 8.6 qepik/km, total 6.99 manat.

0
Today / 11:31
|
309

Kazakh minister highlights BTC significance

Kazakh Energy Minister Yerlan Akkenzhenov highlighted the strategic importance of the BTC pipeline for his country at the Baku Energy Forum.

0
Today / 08:32
|
715

Euro zone consumers calm on inflation surge

Euro zone consumers keep inflation expectations steady, ECB survey shows. Medium-term price bets remain anchored near target.

0
Today / 07:34
|
834

India GDP growth slows to 7.2% in Q1

India's GDP growth slowed to 7.2% in Q1 2026, missing forecasts, as external demand weakened.

0
Today / 07:01
|
807

Goldman Sachs raises STOXX 600 target to 660

Goldman Sachs raises STOXX 600 12-month target to 660, citing strong earnings and AI optimism. European stocks show resilience despite Middle East risks.

0
Today / 07:00
|
502

Oil prices rise amid Middle East tensions

Oil prices jump as Middle East tensions intensify. Brent reaches $93.01, WTI hits $89.57 per barrel.

0
Today / 06:32
|
490

Transit fertilizer and wheat to Armenia via Azerbaijan

Russia sends fertilizer and wheat to Armenia via transit through Azerbaijan. Details in the article.

0
Today / 06:02
|
322

Baku Energy Week kicks off

Baku Energy Week runs June 1-3. Features 45 countries, key sessions, D8 meeting, and Azerbaijan-US dialogue.

0
Today / 05:33
|
888

AI debt sales reshape corporate bond markets

Big Tech companies like Alphabet and Amazon issue record bonds in non-U.S. markets to fund AI investments, reshaping global corporate debt.

0
Today / 05:30
|
954

US strikes Iranian military sites, IRGC retaliates

US strikes Iranian military sites, Iran's Revolutionary Guard retaliates by attacking a US base. Tensions escalate, ceasefire under strain, oil prices surge.

0
Today / 05:01
|
211

AI stocks outshine oil concerns

AI stocks are outperforming oil as Asian markets focus on tech. South Korea exports hit $88 billion. | Bond.az

0
Today / 04:31
|
795

Asia Factories Stockpile Amid Iran War Risks

Asia's factory activity expanded in May as firms stockpiled amid Iran war risks. China, Japan, South Korea and others saw PMI growth.

0
...
Minister announces years for Karabakh and Absheron fields | Bond.az