Baku: SOCAR and Gran Tierra Energy Inc. have formalized an Exploration, Development and Production Sharing Agreement (EDPSA) for an onshore prospective area in the Guba-Khazaryani

New york: The price of gold futures per one troy ounce (31.1 grams) has increased on commodity markets, APA-Economics reports. Based on the exchange data,

Baku: The price of Azerbaijan’s ‘Azeri Light’ (CIF) crude oil has increased on global markets, APA-Economics reports. The price of one barrel of Azerbaijani oil

Baku: BP, as the operator of the Azeri-Chirag-Gunashli (ACG) oil field and the Shah Deniz gas field, has today renewed its contract with Turan Drilling

Baku: GDP growth in Azerbaijan is projected to reach 2.1% in 2026, as stated by IMF Advisor and Head of the Article IV Mission to

Baku: Staff of the International Monetary Fund (IMF) have completed the 2026 Article IV mission to Azerbaijan.

According to Azeri-Press News Agency, the mission,

Baku: Azerbaijan has been correctly prioritizing economic diversification, according to Anna Bordon, IMF Advisor and Head of the Article IV Mission to Azerbaijan, APA-Economics reports.

Tbilisi: Georgia’s electricity imports from Azerbaijan have experienced a significant decrease. In January this year, Georgia imported 4.90 million kilowatt-hours of electricity from Azerbaijan, as