Energy sector in Azerbaijan
A major oil and gas producer, Azerbaijan has the highest dependence on fuel exports within the Commonwealth of Independent States (CIS). In 2023, more than 91 percent
A major oil and gas producer, Azerbaijan has the highest dependence on fuel exports within the Commonwealth of Independent States (CIS). In 2023, more than 91 percent
Oil and gas make up more than 90% of Azerbaijan''s exports, with production increasing considerably in the 2000s following discovery of the Shah Deniz gas field, to reach record
SOCAR is involved in exploring and producing oil and natural gas in Azerbaijan. SOCAR also operates the country''s Heydar Aliyev Baku Oil Refinery, the country''s pipeline system, and the
Azerbaijan''s oil and gas exports surged in January 2025, reinforcing the country''s position as a key global energy supplier. The
Additional notes: Capacity per capita and public investments SDGs only apply to developing areas. Energy self-sufficiency has been defined as total primary energy production divided by
Meeting domestic energy needs while keeping energy affordable and widely available to consumers; it also needs to make at least some material progress toward a cleaner energy
Azerbaijan''s 3 most valuable export products are crude oil, petroleum gases and processed petroleum oils. Collectively, that trio of major energy products represent 87.3% of the total
Azerbaijan is a net energy exporter; crude oil and natural gas production and exports are central to Azerbaijan''s economy and government revenues. Natural gas accounts
Oil and gas make up more than 90% of Azerbaijan''s exports, with production increasing considerably in the 2000s following discovery of the Shah Deniz gas field, to reach record
Azerbaijan is building a 250-megawatt energy storage system, which will be integrated into the grid by 2027, Elchin Targuluyev,
Azerbaijan''s existing generation capacity today more than adequately covers the country''s electricity needs, creating an annual surplus that allows the export of 3–4 billion kWh
A major oil and gas producer, Azerbaijan has the highest dependence on fuel exports within the Commonwealth of Independent
Efforts to modernize gas transportation systems and Azerbaijan''s commitment to increasing gas production and supplies have
Merchandise Trade summary statistics for a country including imports, exports, tariffs, export and import partners, top exported products and development indicators
Azerbaijan, located at the crossroads of Eastern Europe and Western Asia, has a resource-rich economy that relies heavily on the export of oil, natural gas, and various
From 2013 to 2017, growth in gross domestic product (GDP) averaged 1.4% per year, down from 5.5% during 2008 to 2012. The country''s hydrocarbon sector was responsible for the bulk of
Azerbaijan''s renewable energy potential promises multiple advantages for the country. Relying more on renewable energy would help Azerbaijan
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Azerbaijan’s energy demand (measured as total energy supply [TES]) was 16.1 million tonnes of oil equivalent (Mtoe) in 2022 (according to preliminary data from the State Statistical Committee). Azerbaijan is a major producer of crude oil (32.7 Mt including natural gas liquids in 2022) and of natural gas (35.0 bcm in 2022).
Azerbaijan’s sole refinery produced around 6.5 Mt of oil products from domestic crude oil and natural gas liquids in 2022. Azerbaijan is also a major exporter of crude oil (26.6 Mt in 2022) and natural gas (22.6 bcm in 2022). In 2021, Azerbaijan’s total final consumption (TFC) (excluding the transformation sector) was 11.5 Mtoe.
Azerbaijan is rich in oil and natural gas resources. According to the June 2018 BP Statistical Review of World Energy, the country’s remaining commercial liquid reserves (crude and condensate) are typically indicated to be 7.0 billion barrels (bbl), accounting for 0.4% of global reserves.
While Azerbaijan is not as prominent in global gas as it is in oil, gas extraction is expected to continue contributing significantly to the economy in upcoming decades. The country’s energy mix is heavily concentrated in fossil fuels, with oil and gas accounting for more than 98% of total supply.