Azerbaijan supported a new deal agreed at a ministerial meeting of OPEC members and other oil producing states, effectively extending until April daily production quotas in place throughout the first quarter of 2021.

A preferential trade agreement between Azerbaijan and Turkey went into effect on 1st March, with both sides hoping the deal will generate a huge boost in trade and triple existing volumes.

A company has been registered in Azerbaijan for construction of an airport on territory in Nagorno-Karabkah recaptured from Armenian forces.

Azerbaijan's Energy Ministry and British oil giant BP Plc signed an agreement to work together to help decarbonize the country's energy and identify future renewable energy projects.

Azerbaijan has dramatically raised the expected amount it forecasts to receive from crude oil output from Q2 2021.