Azerbaijan

SOCAR delivers 22 fuel wagons to Armenia via Georgia in unprecedented logistical test

A train carrying over 1,200 tonnes of gasoline produced in Azerbaijan entered Armenia on December 19, marking the first commercial operation since recent conflicts, with concrete implications for regional transit.

Le TAP augmente ses nominations de gaz aux interconnexions européennes clés

Les nominations du Trans Adriatic Pipeline progressent à Melendugno, Nea Mesimvria et Komotini, signalant davantage d’offre pipeline et une flexibilité accrue pour les expéditeurs face aux arbitrages avec le gaz naturel liquéfié.

Equinor posts adjusted operating income of USD 6.21bn in Q3 2025

Equinor reported 7% production growth and strong cash flow, despite lower hydrocarbon prices weighing on net results in the third quarter of 2025.
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Turkey locks in 19 Bcma of LNG, Moscow and Tehran under pressure

Botaş lines up a series of liquefied natural gas (LNG, liquefied natural gas) contracts that narrow the space for Russian and Iranian flows, as domestic production and import capacity strengthen its bargaining position. —

Russia delivers 105,000 tons of crude to new Kulevi refinery

Russian company Russneft has shipped its first oil cargo to Georgia’s newly launched Kulevi refinery, despite the absence of formal diplomatic ties between Moscow and Tbilisi.

Bulgaria begins talks for the deployment of small modular reactors

The Ministry of Energy will initiate talks with developers of small nuclear reactors after signing a cooperation agreement with the United States to conduct preliminary studies on their deployment.
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Azerbaijan arrests former SOCAR executive for embezzlement and economic threat

Adnan Ahmadzada, a former senior figure at SOCAR, has been placed in pre-trial detention in Baku on suspicion of large-scale embezzlement and threatening the country's economic security.

Serbia to renew gas contract with Russia in October despite tensions

A new three-year gas import agreement will be signed between Belgrade and Moscow, as Serbia’s energy ties face growing diplomatic scrutiny from the West.

Kazakhstan resumes crude exports via BTC after one-month technical halt

KazMunayGas has resumed oil shipments to Turkey through the Baku-Tbilisi-Ceyhan pipeline, following a stoppage due to a contamination issue resolved at the Aktau terminal.
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Italy seeks energy guarantees in potential sale of IP to SOCAR

The Italian government is demanding assurances on fuel supply security before approving the sale of Italiana Petroli to Azerbaijan's state-owned energy group SOCAR, as negotiations continue.

Aramco and SOMO suspend crude supplies to India’s Nayara Energy

Saudi and Iraqi exporters halted supplies to Nayara Energy, forcing the Rosneft-controlled Indian refiner to rely solely on Russian crude in August.

Russian Strikes Threaten Gas Cooperation Between Azerbaijan and Ukraine

Azerbaijani energy infrastructure targeted in Ukraine raises concerns over the security of gas flows between Baku and Kyiv, just as a new supply agreement has been signed.
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Armenia and Azerbaijan Sign TRIPP Corridor Agreement Under American Auspices

The two countries end 37 years of conflict with a 43-kilometer corridor under American control for 99 years. The infrastructure will transport 50 million tons of goods annually by 2030.

Turkey starts Azerbaijani natural gas deliveries to war-torn Syria

Turkey has begun supplying natural gas from Azerbaijan to Syria, marking a key step in restoring Syria’s energy infrastructure heavily damaged by years of conflict.

Naftogaz signs first Transbalkan gas deal with Azerbaijani SOCAR

Naftogaz and the State Oil Company of the Republic of Azerbaijan (SOCAR) have formalised an initial contract for natural gas delivery via the Transbalkan corridor, opening new logistical perspectives for Ukraine’s energy supply.
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Azerbaijani sovereign fund acquires stake in 402 MW solar assets in Italy

SOFAZ acquires 49% of a 14-plant solar portfolio held by Enfinity Global in Lazio and Emilia-Romagna, reinforcing its long-term stable investment strategy.

Turkey plans to start gas supplies to Syria soon, says energy minister

Turkey has connected its gas grid to Syria’s and plans to begin supplying gas for power generation in the coming weeks, according to Turkish Energy Minister Alparslan Bayraktar.

Egypt secures 290 LNG shipments to meet summer demand

In response to rising summer electricity consumption, Egypt signs import agreements covering 290 shipments of liquefied natural gas, involving major international firms, with financial terms adjusted to the country’s economic constraints.
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Italiana Petroli to Decide Buyer by Late June for Estimated €3 Billion Sale

Italiana Petroli, in negotiations with three potential buyers, is expected to finalize the total sale of the group for around €3 billion by late June, according to several sources close to the matter speaking to Reuters on Thursday.

Azerbaijan restarts oil exploration with ExxonMobil, BP and MOL

Baku signs multiple deals with major industry players to boost exploration as oil reserves decline and ACG production slows.

Brazil Commits to a Global Debate on Ending Fossil Fuels at COP30

As it prepares to host COP30 in 2025, Brazil, a major oil producer, aims to play a key role in the energy transition by promoting a global discussion on the gradual reduction of fossil fuels.

South Africa: C5 Capital and Sibanye-Stillwater Partner to Advance Nuclear Energy Innovation

C5 Capital and Sibanye-Stillwater join forces to develop advanced nuclear energy projects in South Africa, the United States, and beyond, supporting the global energy transition with innovative solutions.

COP29: France Calls for Increased Efforts to Phase Out Fossil Fuels

Amid international tensions and limited progress in Baku, France stresses the importance of reaffirming the goal of phasing out fossil fuels, highlighting crucial financial and climate stakes for the future.
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COP29: Japan aligns with the EU on NCQG and takes a neutral stance on CBAM

At COP29, Japan aligns with the EU on climate finance contributions and adopts a measured approach to the Carbon Border Adjustment Mechanism (CBAM), while reviewing its long-term energy objectives.

COP29: NGOs Disappointed by Lack of Clear Commitments on Fossil Fuels

At COP29 in Baku, NGOs criticized the G20 for lacking leadership on energy transition. Despite progress on climate finance, the absence of commitments on fossil fuels provoked sharp disappointment.

Masdar and SOCAR finalize financing for 760 MW solar projects in Azerbaijan

Masdar and SOCAR Green have closed the financing for two solar parks with a total capacity of 760 MW in Azerbaijan, a strategic project valued at USD 600 million and supported by multiple international financial institutions.
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Al Gore denounces the role of petro-states in organizing COPs

During COP29 in Baku, Al Gore criticized the organization of climate conferences in petro-states and called for a reform of the selection process for host countries and participants, accusing these nations of conflicts of interest.

The Controversial Role of Fossil Fuels at COP29: A Transition or Lobbying Issue?

COP29 in Baku highlights the massive presence of fossil fuel representatives. Between lobbying and energy necessity, the debate on their role in the climate transition intensifies.

TotalEnergies: at COP29, Patrick Pouyanné advocates progress “step by step”

At COP29, TotalEnergies CEO Patrick Pouyanné defended the oil industry's commitment to reducing methane emissions, emphasizing the importance of gradual progress in addressing the climate crisis.
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North Macedonia: A Strategic Partnership with SOCAR for Energy Security

North Macedonia strengthens its energy security with an agreement with SOCAR, aiming at the diversification of natural gas supplies and innovative projects like gas cogeneration.

China: New Ambitious Climate Goals Unveiled at COP29

The Chinese vice premier announced revised commitments aimed at achieving carbon neutrality before 2060, while pledging increased financial contributions to support developing countries in addressing climate challenges.

Indonesia and Japan: First Bilateral Mutual Recognition Agreement for Carbon Trading

Indonesia and Japan establish a historic collaboration for carbon credit trading under the Paris Agreement, enhancing transparency and international environmental standards.
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COP29: Brazil Calls for Responsible Use of Natural Resources

At COP29, Brazilian Environment Minister Marina Silva responded to the Azerbaijani president's remarks, advocating for the measured use of natural resources, especially oil, while affirming Brazil’s climate commitments.

Nexans sets ambitious financial goals driven by electrification

Nexans aims for increased financial performance by 2028, supported by significant investments in global electrification and a strategy focused on energy transition and recycling.

Oil and gas companies spend $61 billion per year on exploration, says NGO

Despite growing calls to reduce hydrocarbon production, a report by the NGO Urgewald reveals that the oil and gas industry has invested an average of $61.1 billion annually in exploration over the past three years.
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The United Kingdom positions itself as a climate leader at COP29 with ambitious goals

At COP29 in Baku, the United Kingdom unveiled an ambitious plan to cut greenhouse gas emissions by 81% by 2035, asserting its leading role in global climate diplomacy.

COP29: The urgency to triple renewable energies to achieve 1.5 °C climate goals

Facing the threat of surpassing the 1.5 °C warming threshold, COP29 calls for an ambitious energy transformation. IRENA emphasizes the need to triple renewable energy capacities by 2030 to keep the energy transition on track.

Russian Gas Flows to Europe via Ukraine Maintained Despite Tensions in Kursk Region

Despite escalating tensions and the preparation of a Russian counteroffensive in the Kursk region, Russian gas flows to Europe via Ukraine continue as usual, according to data from GTSOU.
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COP29: The United States Promises to Continue Climate Action Despite Political Uncertainty

On the eve of a possible Trump presidency, the United States seeks to reassure its partners on its climate commitment at COP29, amidst North-South tensions and a debate on financial aid for developing countries.

COP29: Azerbaijan Defends the Exploitation of Its Oil Resources Amid International Pressures

COP29: Azerbaijan Defends the Exploitation of Its Oil Resources Amid International Pressures