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South Caucasus News

Azerbaijan congratulates Portugal on National Day


Azerbaijan’s Foreign Ministry has extended its congratulations to Portugal on the occasion of the country’s National Day, AzerNEWS reports.

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South Caucasus News

Azeri Light oil price drops below $96 per barrel


The price of Azerbaijan’s flagship Azeri Light crude oil declined significantly on international markets, reflecting a broader downturn in global oil prices.

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South Caucasus News

Can The Dream Of A Trans-Caspian Pipeline Be Revived?


With the Iran war disrupting traditional energy supply routes and the West seeking to lessen reliance on Russian transit networks, Trans-Caspian corridors have again emerged as a focus of international diplomacy and investment.

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South Caucasus News

SpaceX IPO hopes may become Musk’s riskiest bet


At 7:25 a.m. on October 13, 2024, at Starbase near Boca Chica on the Texas-Mexico border, the largest rocket ever built stood ready for launch. As its powerful engines ignited, the vehicle lifted off toward the skies above the Gulf of Mexico, while cheers erupted throughout SpaceX’s mission control center, AzerNEWS reports, citing BBC.

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South Caucasus News

Azerbaijan’s plan for eight new solar plants till 2027 signals strategic energy shift


An expert report from the State Agency for Renewable Energy Sources under the Azerbaijani Ministry of Energy recently unveiled an ambitious blueprint: Azerbaijan intends to commission eight new solar power plants and one massive 250-megawatt wind farm by the conclusion of 2027.

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South Caucasus News

France bans Israel’s Finance Ministry from entering


French Foreign Minister Jean-Noel Barrot announced on Tuesday that the French government is banning Israeli Finance Minister Bezalel Smotrich from entering French territory, along with other measures against West Bank settler violence enacted with the United Kingdom, Canada and Norway, AzerNEWS reports.