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Cop29 host Azerbaijan to hike gas output by a third over next decade
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Cop29 host Azerbaijan to hike gas output by a third over next decade

Environmentalists condemn news of higher forecast production which is also seen as a conservative forecast. Azerbaijan, which is hosting this year’s UN climate talks, plans to increase its fossil fuel production by a third over the next decade, according to an analysis shared exclusively with the Guardian. The forecast indicates the Cop29 host will grow...

UAE Oil Giant Adnoc Makes First Major Global Gas Deal with Azeri Buy
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UAE Oil Giant Adnoc Makes First Major Global Gas Deal with Azeri Buy

The biggest oil producer in the United Arab Emirates is buying a stake in a natural gas field in Azerbaijan, marking the company’s first major international purchase of upstream hydrocarbon assets. Abu Dhabi National Oil Co. agreed to buy a 30% equity stake in the Absheron gas field in the Caspian Sea, the government-owned firm...