2026-3-18 20:01 |
From January through February 2026, Azerbaijan exported a significant amount of crude oil and petroleum products to Romania. The export value saw a decline compared to the same period last year. Despite this, Romania remained the second-largest importer of Azerbaijani oil.
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In January 2026, Azerbaijan's oil and petroleum product exports to Romania saw a rise in volume. Despite the increase in quantity, the export value declined compared to the previous year. Romania remained one of key importers of Azerbaijani oil during the reporting period. trend.az »
2026-02-17 21:05
The European Bank for Reconstruction and Development (EBRD) has approved a €90 million loan to ENGIE Romania to support the development of new renewable energy projects. The funding aims to boost Romania’s green energy capacity by at least 250MW by 2028, reinforcing the country’s transition to a more sustainable energy future. trend.az »
2025-07-22 10:20
Azerbaijan's crude oil and petroleum product exports to the Czech Republic experienced a significant decrease in both value and volume during the first quarter of 2026, compared to the same period in the previous year.
Azerbaijan’s oil and petroleum product exports to Germany declined significantly in both volume and value compared to the previous year.
Azerbaijan’s oil exports to Romania fell in both value and volume in the first quarter, reflecting a broader global decline in the country’s petroleum shipments.
In the first quarter of 2026, Azerbaijan saw a decline in electricity production from thermal and hydropower plants. Thermal output dropped slightly, while hydropower saw a larger decrease. Overall, total electricity production was lower than the previous year.
Azerbaijan's renewable energy sector is experiencing significant growth, with wind and solar power production showing notable increases and contributing to the country’s broader sustainability and energy diversification goals.
Azerbaijan's trade performance in early 2026 reflects a decline in electricity exports and overall foreign trade, although the country maintains a positive trade balance due to a sharper drop in imports.
Azerbaijan's electricity production from renewable sources saw a strong contribution from hydropower, wind, and solar in the first quarter of 2026. Thermal plants remained the dominant source. Wind power experienced notable growth compared to the previous year.