Energy

Azerbaijan's August Oil Output Trails OPEC+ Target by 150,000 Barrels a Day

Azerbaijan pumped about 400,000 bpd in August, 44,000 bpd less than July and roughly 150,000 bpd below its OPEC+ level, according to IEA data, underscoring field decline.

October 11, 2026

Min

Absheron Gets Final Investment Decision as SOCAR and ExxonMobil Sign Kura Basin PSA

SOCAR, TotalEnergies and XRG took a final investment decision on Absheron's full-field development, while SOCAR and ExxonMobil signed a PSA for unconventional gas in the Middle Kura basin.

October 10, 2026

Min

SOCAR Moves Toward Year-End Decision on $7 Billion Petkim Expansion

SOCAR is advancing a $5-7 billion petrochemical expansion at Petkim in Türkiye, with a final investment decision due by end-2026, Fitch says.

October 7, 2026

Min

Azerbaijan Gas Exports Reach 16.37 bcm, but Revenue Slips 4.8% to $5.7bn

Azerbaijan exported 16.37 bcm of gas worth $5.7 billion in January–August 2026; value fell $286 million (4.8%) while volumes slipped just 0.5%, official data show.

October 6, 2026

Min

SOCAR Targets $7 Billion Türkiye Petrochemical Push as Fitch Flags 2x Leverage

SOCAR is preparing a final investment decision by end-2026 on a petrochemical expansion in Türkiye worth up to $7 billion, while Fitch projects capex of AZN 4 billion a year.

October 5, 2026

Min