AGP Executive Report
Last update: 6 hours agoBudget Outlook: Azerbaijan’s non-oil revenues are projected to make up 60.6% of the 2027 budget, as the government targets covering all current spending from non-oil income by 2030. The budget oil-price assumption is $65 a barrel through 2031, while officials say public debt will remain stable. Trade Routes: Azerbaijan and Kazakhstan agreed to develop a joint cargo terminal and “Caspian Bridge” ferry system, strengthening the Middle Corridor. Kazakhstan is also considering shipping up to 500,000 tonnes of wheat to Israel through Azerbaijan and Georgia. Energy Investment: BP’s spending with local companies and contractors in the Azerbaijan-Georgia-Türkiye region rose 27.6% to $1.49 billion in the first nine months. Shafag solar-plant panel installation is 50% complete, while Sangachal terminal electrification has reached 90%. A four-country clean-energy partnership involving Azerbaijan, Bulgaria, Georgia and Türkiye is also moving toward approval. Exports: Azerbaijan’s non-oil exports rose 20% excluding gold, according to the Central Bank.
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