2025-9-15 14:20 |
In the first eight months of 2025, Kazakhstan's Atyrau Oil Refinery set a record by producing 77. 5 percent light petroleum products with an 88. 6 percent refining depth. Diesel and jet fuel outputs exceeded targets by 15 percent and 13 percent.
The refinery transferred about $232 million to the state budget, surpassing plans by $43 million. .
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Azerbaijan's industrial production totaled 52. 6 billion manat ($30. 9 billion) from January to October 2025, marking a 1. 2 percent decline year-on-year. The oil and gas sector saw a 2. 2 percent drop, while the non-oil and gas sector grew by 4. trend.az »
2025-11-15 04:12
During the first half of 2025, Azerbaijan saw 48,900 new jobs pop up, with 45,035 (92. 1 percent) coming from the private sector. Out of these, 36,538 jobs (74. 7 percent) emerged in Baku, while 11,832 (24. trend.az »
2025-08-16 04:05
Azerbaijan invested $1. 05 billion in the transport and warehousing sector during the first half of 2025, marking a 13. 6 percent decline compared to the same period last year. Despite this decrease, the sector accounted for 22. trend.az »
2025-07-15 20:14
Global oil production is set to fall 1.3 million barrels per day in 2026 but is projected to rebound in 2027, the EIA reports.
Oil production in OECD countries is expected to rise in the coming years, with quarterly variations throughout 2026. Non-OECD nations will also see an increase in output. Both regions are projected to maintain higher production levels into 2027.
The U.S. Energy Information Administration (EIA) has released its forecast for oil and other liquid hydrocarbon production in the Middle East.
The report highlights a sharp shift in global oil market dynamics tied to the ongoing Iran conflict. Before the escalation, the EIA said it viewed the market as oversupplied, with inventories rising quickly and prices trending downward.
Brent crude oil prices peaked in March and are expected to rise further in mid-2026 before gradually declining. The outlook is shaped by ongoing production disruptions and the uncertainty surrounding the Middle East conflict. Prices are projected to decrease over the following years.
A new substation will be built in Azerbaijan's Absheron district, as reported by Trend. Azerishig OJSC has already started preparations for the project. The upcoming work will involve constructing a 35/6 kV substation to replace the existing distribution unit in Novkhani settlement.
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.