EU supports Azerbaijan’s Energy Strategy

EU supports Azerbaijan’s Energy Strategy The EU released over AZN 3 million to the Government of Azerbaijan to support its renewable energy and energy efficiency reform strategy. This is the second tranche of a dedicated Budget Support Programme with overall envelope of over AZN 14 million that was agreed upon between the EU and Azerbaijan. The objective is to develop a fully coherent, integrated and transparent energy strategy focusing on renewable energy sources and energy... Read More

Azerbaijan’s crude exports to fall

Azerbaijan’s crude exports to fall The Baku-Tbilisi-Ceyhan oil pipeline is expected to pump 645,161 barrels of oil a day in May, down from 735,000 barrels a day originally scheduled to load in April, according to the provisional loading program seen by Dow Jones Newswires Wednesday. May loadings will amount to a total of 20 million barrels, compared with 22.05 million barrels in April, the program shows, Dow Jones reported. BP PLC (BP) is a 30% stakeholder in the BTC pipeline,... Read More