Azerbaijan is trying to take back control of Nagorno-Karabakh, a breakaway territory controlled by ethnic Armenians, in the latest escalation of a decades-old conflict.
of Nagorno-Karabakh, a breakaway territory controlled by ethnic Armenians, in the latest escalation of a decades-old conflict.
Developments over Karabakh could alter the geopolitical balance in the South Caucasus, where Azerbaijan is a major energy producer. The region is criss-crossed with oil and gas pipelines, though none are in close proximity to Karabakh itself.- Armenia is home to the Metsamor nuclear power station, which is already in a precarious situation due to earthquake risk.
- Azerbaijan's total oil exports in January-July 2023 were 23.1 million tons , of which 76.3% flowed through the BTC. The country's oil output stood at 498,000 barrels per day in August. - Azerbaijan also exports oil via Russia through the Baku-Novorossiisk pipeline and via Georgia by rail, as well as a pipeline from Baku to Supsa in Georgia.- Gas production from the Azeri-Chirag-Guneshli fields totalled 13.4 billion cubic metres in 2022, while 25.2 bcm was produced from the Shah Deniz gas project, where BPAzerbaijan exported 6.6 bcm of natural gas to Europe in January-July.
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