
Azerbaijan eyes oil windfall as Iran war rattles energy markets
Azerbaijan’s economy is highly dependent on oil and natural gas, with increases in oil prices directly affecting Azerbaijan’s state budget revenues.

Azerbaijan’s economy is highly dependent on oil and natural gas, with increases in oil prices directly affecting Azerbaijan’s state budget revenues.

Captain Avtandil Kalandadze will be brought to the US to face prosecution, the US Embassy in London has stated.

The liquified gas and bitumen will reportedly be sourced from Russia.

In turn, Ilham Aliyev said that the ‘day is not too far away’ when Armenian cargo would go directly through Azerbaijan.

While economically necessary, these fiscal adjustments may carry political consequences, including the potential for civilian unrest.

Discussions regarding other trade goods are reportedly ongoing, as Armenia is set to receive a second batch of Azerbaijani fuel.

Armenia received its first batch of Azerbaijani fuel, 1,218 tonnes of A-95 petrol, on 19 December.