Uzbekneftegaz has produced more than 2.8 bcm of natural gas and 9,400 tonnes of oil in the first months of 2022.

Sources at SOCAR told the Tribune that they viewed the talks with Hungary as a means of soothing European Union concerns that Budapest was significantly boosting shipments of Russian gas.

In 2021, Kazakhstan increased oil refining capacity at its three largest refineries by 7.7 percent year-on-year to 17 million tonnes.

The affirmation reflected Fitch's unchanged view on SGC's $2 billion Eurobonds maturing in 2026 fully guaranteed by Azerbaijan.

Development of the Azeri-Chirag-Guneshli (ACG) oilfield and the Shah Deniz gas field are the main energy projects in Azerbaijan.