Energy, Oil & Gas

TotalEnergies advances Absheron development with 2029 start-up target

TotalEnergies and partners SOCAR and XRG have taken the final investment decision for the full development of Azerbaijan’s Absheron gas field. The project is expected to start up in 2029, increasing production to 6 billion cubic metres of gas annually and 47,000 barrels per day of condensate....

Energy, Oil & Gas

XRG announces Final Investment Decision on Absheron gas

XRG, Adnoc's international energy investment company, has announced the ''Final Investment Decision' for the next phase of the Absheron offshore gas and condensate field development, where it holds a 30% equity interest. ...

Energy, Oil & Gas

Masdar, Azerbaijan expand renewable energy cooperation with new projects

Masdar and Azerbaijan Green Energy Company signed an agreement to explore expanding the 230MW Garadagh Solar PV project by at least 350MW, adding up to 200MWh of battery storage, and developing a 100MW round-the-clock renewable project. Masdar and SOCAR Green also reached financial close on the 315MW Neftchala solar project....

Energy, Oil & Gas

IRH, AzerGold sign agreement to explore mineral potential in Azerbaijan

International Resources Holding (IRH), an Abu Dhabi-based natural resources investment platform and subsidiary of 2PointZero Group, has signed a strategic agreement with Azerbaijan’s state-owned mining company AzerGold CJSC to jointly explore the mineral potential of the Nakhchivan region....

Energy, Oil & Gas

XRG completes acquisition of stake in Azerbaijan’s Southern Gas Corridor

XRG, ADNOC's international investment company, has completed its acquisition of an equity stake in Southern Gas Corridor (SGC) from Azerbaijan’s Ministry of Economy, following the satisfaction of all conditions and receipt of customary regulatory approvals....

Energy, Oil & Gas

Wood Nobel Energy secures Nakhchivan thermal power plant contract

Wood Nobel Energy has secured the front-end engineering design (FEED) contract for the Nakhchivan Combined Cycle Thermal Power Plant in Azerbaijan, supporting plans to expand electricity generation and export capacity in the Nakhchivan Autonomous Republic....

Energy, Oil & Gas

Abu Dhabi's XRG to acquire stake in Azerbaijan's Southern Gas Corridor

XRG, an international energy investment company based in Abu Dhabi, has signed an agreement with the Ministry of Economy of Azerbaijan to acquire an equity stake in Southern Gas Corridor CJSC (SGC)....

Energy, Oil & Gas

SOCAR begins supplying Azerbaijani gas to Austria, Germany

Azerbaijan’s state energy company SOCAR has reached a new milestone in gas exports by selling significant volumes of gas to Southern and Central Europe via the Trans Adriatic Pipeline (TAP), part of the Southern Gas Corridor. From January 2026, Azerbaijani gas will be supplied to buyers in Austria and Germany through Italy....

Energy, Oil & Gas

Azerbaijan opens Khizi–Absheron wind farm developed by Acwa Power

An official ceremony was held to inaugurate the Khizi–Absheron Wind Power Plant in Azerbaijan, one of the largest wind energy projects developed by Saudi Acwa Power in the country, with a total capacity of 240 megawatts....