EIA: Country Analysis Brief: Azerbaijan - September 2021 - eng (pdf) ^{Избранное}

Overview

• 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 for over two–thirds of Azerbaijan’s total domestic energy consumption. Oil supplies less than one–third of total energy consumption (Figure 1).¹
• In 2018, the five countries bordering the Caspian Sea met regarding a decades–old delimitation dispute over the maritime and seabed boundaries of the Caspian. In early 2021, the foreign ministers of Turkmenistan and Azerbaijan signed a memo of understanding, which signified collaboration for joint exploration in the previously contested deep–water block along the Caspian maritime borders for both countries. The agreement is likely to attract foreign investment for exploratory drilling and development in the Dostluk field.²