Azerbaijan has occupied the 81st place in the Energy Stability Rating of The World Energy Council (WEC) among 129 world countries. The rating is available at the official web site of the Council.
The WEC report reads that the index is based on the comparative analysis of the energy situation in the country and three factors, including energy safety, accessibility of power to population and environmental safety of the energy field.
The countries have been rated from A to D depending on their successes and Azerbaijan has gotten a total BCD rating.
According to the report, Azerbaijan occupied the 32nd place on energy safety, being ahead of Armenia (95th place) and Georgia (106th place). Turkey has occupied the 64th place on the list.
Azerbaijan is on the 74th place in the rating of accessibility of power to population. Azerbaijan has occupied the 98th place in the environmental stability rating.
Five countries have the AAA rating this year: Switzerland, Denmark, Sweden, UK and Spain.
WEC is the UN accredited agency and it unites the leaders and experts in field of energy promoting accessible, stable and environmentally clean power systems.—0—
Economics
-
Elon Musk, co-chair of the U.S. Department of Government Efficiency (DOGE), has outlined a strategy to bring inflation in the United States down to zero by 2026 through aggressive cuts in federal spending. Musk’s plan, which aims to reduce approximately $4 billion in projected daily expenditures, is designed to shrink the federal deficit to $1 trillion by 2026. While the deficit would still be substantial, Musk argues that accelerated economic growth could offset inflationary pressures, ultimately stabilizing the economy.
-
The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
-
On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
-
Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
Leave a review