Oil and gas condensate production fell by 6.2 percent year-on-year to 5.465 million tonnes in January-February, while natural gas output rose by 12.4 percent to 7.684 bcm.

Oil production in February was below the country’s quota under OPEC+ commitments at 668,000 bpd. Azerbaijan is now set to produce 675,000 bpd in March and 682,000 bpd in April.

Kazakhstan’s economy first returned to growth in the first half of 2021 after months of contraction.

Investment in the construction of a solar plant with a capacity of 230 megawatts is estimated at $225 million.

Azerbaijan exports natural gas to Turkey and Europe through the Southern Gas Corridor and continues to make inroads into an energy market which until now has been dominated by Russia.

The rise in the oil sector was 0.6 percent, while the non-oil sector grew by 10.1 percent in the first two months of this year.

Kazakhstan is seriously concerned about signals that international oil traders are refusing to buy CPC Blend oil as it passes through Russia, which gets transit fees.