Azerbaijan is holding legislative elections, focusing on energy resources for its economy and Europe.

Azerbaijan, a key oil and gas exporter in the Caucasus, is set to hold legislative elections. The nation relies heavily on hydrocarbons, which constitute 90% of its exports and significant portions of its GDP and state income. As of 2022, Azerbaijan ranks among the top 20 net oil exporters and 12th for gas. It aims to boost gas production by 35% by 2034, positioning itself as a preferred supplier to Europe amid reduced Russian exports.

September 01, 2024
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