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31 stories about Azerbaijan: oil, gas and energy, newest first. This page updates by itself with every new story.
Kazakhstan plans to expand oil supplies along the Trans-Caspian route through Azerbaijan. KazMunayGas chairman Askhat Khassenov made the statement while answering journalists' questions, according to Day.Az, which cited Kazakh media.
Turkmenistan and the International Association of Oil and Gas Producers (IOGP) have explored opportunities to expand energy cooperation, including potential routes for transporting Turkmen natural gas to European markets and developing Caspian energy infrastructure. The meeting took place between Turkmen Ambassador to Belgium Sapar Palvanov and François-Régis Mouton de Lostalot, managing director of IOGP Europe, and was reported by the Turkmen Embassy in Belgium. Enea Belardinelli, IOGP Europe's representative for European energy policy, also attended.
Türkiye exported 1,040.1 million cubic metres of Azerbaijani natural gas to Syria from January to August, according to a report by the Turkish Energy Market Regulatory Authority (EPDK), as cited by Report.az. The volume accounted for 68.03% of Türkiye's total gas exports over the period.
Malaysia’s Petronas Carigali (Turkmenistan) plans two new projects, one for gas and one for oil, to develop fields on offshore Block 1 in Turkmenistan’s Caspian sector. Company CEO Ismadi bin Ismail announced this on Thursday at a panel discussion on investment opportunities in the Turkmen Caspian sector, held during the 31st International Conference and Exhibition “Oil and Gas of Turkmenistan” (OGT 2026) in Ashgabat.
KazMunayGas (KMG) says construction has started in Kazakhstan's Atyrau region on trunk pipelines that will deliver ethane and propane from the Tengiz field to gas chemical plants in Karabatan. The project is being implemented by KMG PetroChem LLP, a KMG subsidiary.
Assets of Azerbaijan's State Oil Fund (SOFAZ) rose 67 percent over the past five years, from about $44.3 billion to $74 billion. Adviser to SOFAZ's executive director Vadim Pshenichny said so in an interview with Trend, as reported by Day.Az.
Kazakhstan's QazaqGaz National Company and China National Petroleum Corporation (CNPC) have discussed prospects for expanding strategic cooperation, including the Severny-1 exploration project. QazaqGaz Management Board Chairman Alibek Zhamauov met with CNPC President Zhou Xinhuai.
Malaysian oil and gas company Petronas has invested more than $12 billion in Turkmenistan over its 30 years of operations in the country, Mohd Jukris Abdul Wahab, Chief Operating Officer, Executive Vice President and CEO of Petronas' Upstream Division, said. He made the announcement at the Oil and Gas of Turkmenistan – 2026 (OGT 2026) international conference and exhibition in Ashgabat.
Ashgabat, Turkmenistan, October 21. XRG, the international investment arm of ADNOC from the UAE, intends to expand its investment activities in Turkmenistan, viewing the country as a key focus of its global gas business development strategy. The statement was made by XRG's Senior Vice President, International Gas and Director, Business Development, Abdulla Alshamsi, at the "Oil and Gas of Turkmenistan – 2026" (OGT 2026) international conference and exhibition in Ashgabat.
Azerbaijan proposes exploring the possibility of transiting electricity generated in Turkmenistan to European markets. Deputy Minister of Energy Kamal Abbasov made the proposal on October 21 at the “Oil and Gas of Turkmenistan – 2026” (OGT 2026) international conference and exhibition in Ashgabat. He said the two countries could jointly explore exporting Turkmen electricity to Europe via Azerbaijan.
Turkmenistan is developing three natural gas export routes: eastern, southern and western. Myrat Archayev, Deputy Chairman for Exports and Foreign Economic Ties at the state-owned Turkmengaz concern, announced this at the 31st International Conference and Exhibition “Oil and Gas of Turkmenistan” (OGT 2026) in Ashgabat on October 21. He said diversification serves the interests of both buyers and suppliers.
According to Azernews, Azerbaijan exported 6.464 billion cubic meters of natural gas to Türkiye in January-August, with the exports worth $1.76 billion.
Turkmenistan plans to start natural gas supplies through the Afghan section of the TAPI pipeline in 2026, Turkmengaz Chairman Maksat Babaev said at the OGT 2026 conference in Ashgabat. He said construction of the Serhetabat–Herat section is proceeding on schedule. The TAPI pipeline has a design capacity of up to 33 billion cubic meters of gas per year.
President Serdar Berdimuhamedov has highlighted plans to expand gas exports and advance the TAPI pipeline project in a congratulatory message to participants of the 31st International Conference and Exhibition “Oil and Gas of Turkmenistan - 2026” (OGT 2026), which opens in Ashgabat on Wednesday. He said the annual forum will offer a chance to discuss priorities for the country’s fuel and energy sector and modern approaches to industry modernization.
First oil from the East Azeri field was achieved on 21 October 2006, completing the second phase of full-scale development of the Azeri-Chirag-Gunashli (ACG) field, according to BP-Azerbaijan, which provided the information to Report.
BP has started offshore construction work on the $2.9 billion Shah Deniz Compression (ŞDK) project at the Shah Deniz gas-condensate field in Azerbaijan, Report.az reported, citing BP Azerbaijan.
Azerbaijan's State Oil Fund (ARDNF) received 7,135.7 million manat from the Azeri-Chirag-Gunashli (ACG) and Shah Deniz fields in January to September of this year. The figure is 3.7% higher than in the same period a year earlier.
Kazakhstan's National Security Committee (KNB) says it has shut down a criminal group in the Mangystau region that tried to organise mass protests by oil and gas sector workers. According to the KNB, the group sought to secure additional funding from JSC Ozenmunaygas. The information was reported by the Kazinform agency.
According to a report published by Trend on 19 October 2026 at 11:01 (UTC+04:00), Azerbaijan's oil export revenue rose 13% over nine months.
According to statistics from the State Customs Committee, reported by Report, Azerbaijan exported 17.994 billion cubic metres of natural gas in January-September of this year, based on customs declarations.
The price of Azerbaijan's Azeri Light crude oil on the global market fell by $2.78, or 2.33%, to $116.26 per barrel, a source in the oil market told Report. According to trading results, Brent crude oil futures for December stood at $116.59 per barrel.
According to a report published by the State Statistics Committee of Azerbaijan, the Baku-Tbilisi-Ceyhan (BTC) oil pipeline transported 18.857 million tonnes of oil in January–September 2026. Based on Trend's calculations using the committee's data, this is 1.712 million tonnes, or 8.3 percent, lower than in the same period of 2025, when 20.569 million tonnes were transported.
In a column for AzerNEWS, Farman Aydin asks whether Ankara regards Baku as an equal sovereign partner or as an ally whose foreign policy should conform to Turkish expectations. The question comes amid controversy over oil exports through the Baku–Tbilisi–Ceyhan (BTC) pipeline. The author argues that strategic partnerships cannot rely on historical sentiment alone and require mutual respect, consistent principles, and recognition that even close allies retain the right to pursue their own national interests.
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Azerbaijan holds the leading position in the South Caucasus by volume of strategic foreign currency reserves. According to the State Statistics Committee, the country's strategic reserves stood at $89.38 billion as of 30 September 2026. This amount is about 19.8 times the country's external public debt of $4.51 billion. The reserves are about 10.9 times Georgia's international reserves of $8.17 billion, announced in September, and 13.4 times Armenia's foreign currency reserves of $6.66 billion.
Today's digest covers Kazakhstan's Republic Day speeches, central bank rate cut, Ekibastuz data center plans and Azerbaijan's investment fund role.
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