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KazMunayGas cuts debt, strengthening balance sheet in 1H2025

As of June 30, 2025, KazMunayGas reduced its total debt by 1.9 percent to 3.892 trillion tenge ($7.49 billion), due to currency gains and loan repayments. Net debt fell sharply by over 30 percent in both tenge and dollar terms, reaching 803 billion tenge ($1.55 billion).

Kazakhstan’s Dunga field boosts gas output with new compressor unit

The new compressor unit at Kazakhstan’s Dunga field has successfully passed acceptance testing as part of the "Dunga Phase 3" project. The unit, featuring three modules to boost gas pressure and support the gas turbine plant, will enhance infrastructure capacity amid rising production.

Azerbaijan's SOCAR elevates oil exports in 6M2025

From January to June 2025, SOCAR’s total oil exports slightly increased to nearly 4. 2 million tons year-on-year. This figure includes both oil produced by SOCAR and profit shares from international consortiums operating in Azerbaijan.

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Azerbaijan tallies export revenues of SOCAR Cape for 2M2026

Azerbaijan's SOCAR CAPE LLC reported export revenues for the first two months of 2026, according to the Export Review by the Center for Analysis of Economic Reforms and Communication. In comparison, the company’s revenue data for the same period last year was not disclosed.

Azerbaijan's revenues from gas export to Italy down in Jan. 2026

Azerbaijan's revenues from gas exports to Italy dropped in January 2026 compared to the same period last year. The export value and volume both saw a significant decline. This decrease reflects a notable reduction in both monetary terms and gas volume.

Azerbaijan multiplies wind energy production in 2M2026

Wind energy production in Azerbaijan experienced substantial growth in early 2026. The output from wind power plants showed a significant increase compared to the same period last year. In contrast, solar energy production saw a small decrease during the same timeframe.

Azerbaijan's oil exports to Romania decrease in 2M2026

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.

EIA throws light on oil production forecast for OPEC+ nations

OPEC+ is expected to maintain steady growth in its oil and liquid hydrocarbon production over the coming years. The organization plans gradual increases in output to meet global demand. Decisions on production targets will be adjusted in response to evolving reserve estimates and market conditions.

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Azerbaijan's natural gas exports to Bulgaria shrink in January 2026

In January 2026, the amount of natural gas sent to Bulgaria from Azerbaijan decreased. Compared to the same period last year, both the volume and value of exports decreased. Both the monetary value and gas volume have dropped significantly, which is reflected in this reduction.

Oil transit via Baku-Tbilisi-Ceyhan pipeline decreases in 2M2026

In the first two months of 2026, the Baku-Tbilisi-Ceyhan (BTC) pipeline saw a decrease in the volume of transit oil. A drop in transportation from prior years was the main factor in the decrease. Azerbaijan was the primary oil producer, with Turkmenistan and Kazakhstan contributing less.

Italy boosts oil imports from Azerbaijan in 2M2026

Azerbaijan's oil exports to Italy grew in volume but decreased in value during January-February 2026. Despite the drop in value, Italy remained the leading importer. The volume increase highlights ongoing demand for Azerbaijani oil.