Recently, information has been widely circulating in various media outlets and on social networks alleging that, as part of Caspian Energy Holding’s restructuring and policy of divesting non-core assets, a 100% stake in the Caspian Energy journal and in other media resources operating under the same brand has been put up for sale.
“We officially state that we are currently seeking to expand and strengthen our portfolio of media resources, and in this regard, we are conducting negotiations to acquire media outlets beyond Azerbaijan. We have also begun negotiations with the editorial offices of Forbes published in neighboring countries regarding the acquisition of an equity stake. In addition, we plan to resume negotiations with the rights holder concerning the launch of the Forbes Azerbaijan project”, said Caspian Energy Club Chairman and Group CEO Telman Aliyev.
As for the Caspian Energy journal and the media projects operating under the Caspian Energy brand, the process of establishing a new entity called Caspian Energy International Media Group has now begun, in which Caspian Energy Holding plans to retain a 51% stake. The remaining 49% has been put up for sale to support structural and digital transformation.
The main objective of these initiatives is to comprehensively cover the activities of Azerbaijani companies that are actively expanding into international markets, as well as to optimize and develop the holding’s media assets.
Additional information on the progress of the negotiations and the outcomes achieved will be shared with the public in a phased manner.
Telman Aliyev noted that all questions regarding the activities of Caspian Energy Holding can be addressed directly to the Club’s management. We are open to engagement both on social media and through other official channels, in order to respond to your inquiries as promptly as possible.
Brief information about Caspian Energy Holding
Caspian Energy Holding was established in 2025 with the purpose of uniting all networking platforms, media projects, forums, and awards operating under the Caspian Energy brand within a single Milli.Biz ecosystem.
Based on the Milli.Biz ecosystem, entrepreneurs from more than 100 countries will be provided with networking opportunities through Caspian Energy Club, the Public Union ‘Economic Cooperation with Europe’, and the Azerbaijan National Business Association.
Caspian Energy Holding incorporates the following groups:
• “Caspian Energy Club”
• “Caspian Energy Club International”
• “Caspian Energy EXIFOR Group”
• “Caspian Energy International Media Group”
• “Award Organizers Group”
• “Caspian Energy Research Group”
• “Caspian Energy Entertainment Group”
• “Caspian Energy Jobs Group”
Within the unified Milli.Biz ecosystem, entrepreneurs – members of Caspian Energy Club – will be able to benefit not only from all the services currently available but also from legal, financial, tourism, consulting, and other services. A global loyalty program integrated into the Milli.Biz ecosystem will also be implemented.
Established in 2002 by major transnational, state, and private oil, gas, and energy companies, and headquartered in Baku, Caspian Energy Club is a dynamic international business networking platform uniting more than 5,000 companies from 50 countries. Caspian Energy Club is an active participant in business-government dialogue, and one of its main objectives is to improve the investment and business environment in Azerbaijan and in other countries where the Club operates.
Caspian Energy Club International was established in 2023 to manage the international projects of Caspian Energy Club and its foreign offices operating in 63 cities worldwide according to unified standards. The Azerbaijan National Business Association (MİLLİ.BİZ) — which operates under this structure and plans to open representative offices in 100 countries over the next seven years — is a unified business platform that brings Azerbaijani entrepreneurs together both domestically and abroad. It also promotes products and services from the regions to international markets and plays an active role in attracting foreign investment to Azerbaijan’s regions.
Operating since 1999, Caspian Energy International Media Group, with the support of Caspian Energy Club, manages more than 30 local and international media resources, including electronic, print, and online platforms. The flagship of Caspian Energy International Media Group’s activities, the Caspian Energy journal, is distributed in over 70 countries worldwide and additionally printed in more than 20 countries.
