Bond.az White LogoBond.az Black Logo

SOCAR supplies 2.5 million tons of crude oil to Indonesia

SOCAR supplied 2.5 million tons of Azerbaijani crude oil to Indonesia from 2022-2025. Energy Minister Parviz Shahbazov announced at Baku Energy Forum.

James Taylor
ByJames Taylor- Senior Editor
|
0

Between 2022 and 2025, SOCAR supplied approximately 2.5 million tons of Azerbaijani crude oil to Indonesia.

This was announced by Energy Minister Parviz Shahbazov at the 1st Meeting of D-8 Member States' Energy Ministers held within the 31st Baku Energy Forum.

The minister also stated that relations with Bangladesh have great potential in energy infrastructure and connectivity: "The established ties create an important foundation for the development of long-term, technology-based partnerships in Bangladesh's energy sector."

Shahbazov noted that the Baku Declaration on Energy Cooperation serves as a key document defining future directions of cooperation, strengthening collaboration in energy security, energy connectivity, hydrocarbon resource development, infrastructure building, climate action, and technological progress.

More News
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
2026-06-19 07:01
|
934

Baku-Tirana direct flight expected

Albania's Deputy Finance Minister Endrit Yzeiraj announced a direct Baku-Tirana flight is expected, highlighting TAP and energy cooperation.

0
2026-06-19 06:31
|
748

IDB Group Startup Competition Winners Announced

IsDB Group's 5th startup competition winners announced. First prize of $5,000 awarded.

0
2026-06-19 06:01
|
485

Azerbaijan oil prices drop

Azerbaijan oil price drops 3.07% to $80.06 per barrel.

0
2026-06-19 05:30
|
537

Precious metals continue to decline: latest figures

Latest prices for gold, silver, platinum and palladium futures. Precious metals decline continues with data from Comex and NYMEX.

0
2026-06-18 14:30
|
765

Most Competitive Economies: Singapore Leads

Switzerland lost its top spot in competitiveness ranking; Singapore leads. Details on IMD report and shifts.

0
2026-06-18 09:31
|
867

How to Reduce Food Import Growth?

Causes and solutions for rising food imports in Azerbaijan.

0
2026-06-17 17:03
|
374

Green Energy Corridor: Feasibility Study by 2027

The feasibility study for the Caspian green energy corridor will be completed by 2027. Uzbekistan's Deputy Energy Minister Umid Mamadaminov highlights the project's significance.

0
2026-06-17 11:31
|
818

Minister: Industrial production to be key economic driver

Economy Minister Mikayil Jabbarov highlights the future economic role of industrial production.

0
...
SOCAR supplies 2.5 million tons of crude oil to Indonesia | Bond.az