XRG, SOCAR and TotalEnergies are advancing a multibillion-dollar expansion of Azerbaijan’s Absheron gas-condensate field, with the second phase targeting about 4.5 billion cubic meters of gas annually.
Azerbaijan’s central bank expects the country’s current account surplus to reach $6.1 billion in 2026 and projects 2.4% growth in the non-oil economy.
Azerbaijan’s Foreign Ministry called a Georgian Patriarchate statement on the Kurmuk church unacceptable and said its approach amounted to territorial claims.
The road on the Azerbaijani section of the Zangezur corridor is 95% complete and the railway 75%, while engineering work has begun on Armenia’s TRIPP section.
Azerbaijan’s State Oil Fund plans to expand infrastructure investment with BlackRock and Global Infrastructure Partners after joint investments in Gatwick Airport and Italo.
Twelve documents were signed at the Second Azerbaijan International Investment Forum as President Ilham Aliyev highlighted TRIPP, the Middle Corridor and new investment opportunities.
