The company has attracted a $1.3 billion syndicated loan in the summer of 2021 and plans to repay it by 2026.

Azerbaijan’s net government asset position has remained above 40% of GDP since 2015, Kazakhstan’s net asset position is trending toward balance.

Gross domestic product (GDP) grew by 10.5 percent year-on-year in January-October after contracting 5.1 percent in the same period last year.

Azerbaijan exports to Turkey and Europe through the Southern Gas Corridor continue to make inroads into an energy market until now dominated by Russia.