The escalating crisis in the Middle East and severe disruptions to energy transportation through the Strait of Hormuz have once again demonstrated how vulnerable the global oil and gas market remains to instability.
SOCAR, TotalEnergies, XRG and BOTAŞ signed an agreement in Baku on 1 June on long-term gas supplies from the Absheron gas-condensate field to Turkey. The deal covers the supply of a total of 33bn cubic metres of natural gas from Azerbaijan to Turkey
Moscow has significantly expanded phytosanitary and veterinary restrictions on Armenian produce since early spring.
Bank warns higher energy costs are reigniting inflation, weakening industrial competitiveness and straining already fragile public finances
Exports of gold, petrochemicals and satellite services posted gains while two SOCAR trading divisions recorded steep declines.
Azerbaijan is accelerating both fossil fuel and renewable energy development as it seeks to entrench its role as a reliable supplier to Europe and emerging markets, Energy Minister Parviz Shahbazov told the 31st Baku Energy Forum.
Infrastructure could boost European energy security, though Russia could move to block it.
There is a map that used to hang in the offices of Soviet central planners in Moscow, showing the five republics of Central Asia as a single administrative unit with all roads pointing to Moscow. Today the arrows point in all directions at once.
The European Union and Azerbaijan are rebuilding relations after years of strain, says a Carnegie Politika analysis.
Deals cover natural gas supply, electricity imports and transit, the revival of the Baku-Tbilisi-Supsa oil pipeline, and rehabilitation work on the Baku-Tbilisi-Kars railway.
Most of the new jobs created in Azerbaijan are in construction, but over 50% of the new graduate workforce is humanities-trained.
Tokayev reins in any such ambitions at OTS summit attended by Turkey’s Erdogan. At same time, wants to turn Kazakh armed forces into “high-tech fist”.
Adoption rates, however, are among highest in Asia.
Growth downgrade reflects impact of elevated global geopolitical tensions on trade and supply chains, even as commodity export revenues benefit from higher prices.
Georgia is Russia’s primary route in Caucasus.
Forty-eight European heads of state met in Yerevan on May 4 with no American present. The Yerevan EPC was the moment Europe stopped trying to prevent the transatlantic rupture and started managing it.
Mysteriously, the project to build the transit route’s most critical piece of infrastructure, Anaklia deep sea port in Georgia, remains stalled.
Azerbaijan has summoned the EU ambassador to Baku and handed her a note of protest over a European Parliament resolution adopted on April 30, in the sharpest deterioration in EU-Azerbaijan relations since Baku regained control of Karabakh in 2023.
India has traditionally been a major defence export market for Russia, and while being mostly a vendor - customer relationship between 1960 and 2000, it has now started to evolve in the 'beyond-visual range' era of multi-domain warfare.
At ecological summit, Tokayev names no countries, but Russia’s lobbing of missiles at Ukraine from the sea and Ukrainian oil platform attacks come to mind.