The bank’s assets amounted to 5.9 billion manats, 7.8 percent up from January-June 2020. Liabilities rose by 8.6 percent, amounting to 5.4 billion manats.

BP expects to discover oil reserves at SWAP to compensate for a decline in oil production at its major project in Azerbaijan – the Azeri-Chirag-Guneshli oilfields, which account for most of the country’s oil output.

Sporadic clashes and accusations between Azerbaijan and Armenia over their lingering border war have left a question as to whether anything will stop the smouldering conflict. 

Green hydrogen is a critical component of the energy revolution since it enables low-emission, decarbonized mobility.