10:48 - 10.03.2026

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March 10, Fineko/abc.az. The conflict around Iran could create additional export opportunities and budget revenues for Azerbaijan amid rising energy prices, ABC.AZ reports, referring to Fitch Ratings.

According to Fitch’s assessment, if energy prices remain high for a prolonged period, this could lead to increased export and fiscal revenues for hydrocarbon exporters located outside the Gulf region – Azerbaijan, Angola, Argentina, Brazil, Colombia, Ecuador, Gabon, Kazakhstan, Nigeria, and Congo.

According to Fitch, Azerbaijan has one of the highest shares of fossil fuel exports in GDP among selected developing countries. Thus, net fossil fuel exports account for 28.8% of GDP.

The agency also notes that in 2024 the volume of fossil fuel subsidies in Azerbaijan makes up about 5.5% of GDP.