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business1d ago
Italy leads in Azerbaijani energy imports, as SOFAZ reports strong 2025 results
- SOFAZ reports strong 2025 results with a sharp asset rise, underpinning Azerbaijan's energy export strength.
- Italy remains the largest European recipient of Azerbaijani oil and natural gas in 2025.
- The Southern Gas Corridor and TAP place Italy at the center of Azerbaijani gas shipments to Europe.
- SOFAZ’s 2025 assets rose about 22.5% to roughly €61.6 billion, reflecting hydrocarbon inflows.
- SOFAZ transferred about €7.1 billion to the Azerbaijani state budget in 2025.
- European demand for Azerbaijani energy remained strong in 2025.
- Italy’s 2025 energy intake centers on oil PRocessing at major refineries and redistribution across Europe.
- Azerbaijan’s energy partnership with Italy is framed as strategic for Europe’s diversification.
- SOFAZ highlights continued importance of the Southern Gas Corridor for Europe’s energy security.
- Azerbaijan emphasizes infrastructure and long-term contracts to support energy exports to Europe.
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