Transportation of oil via the Baku-Novorossiysk reopened on July 22, reporters were told by the president of SOCAR Rovnag Abdullayev. In June, oil pumping via the Baku-Novorossiysk was suspended, which, according to Abdullayev, was associated with the repair of the pipeline. "Now all the pipes are functioning. We can export oil via any route," said Abdullayev.
He also noted that during 2015 it is planned to transport via the Baku-Novorossiysk 1.5 million tons of oil. -02D-
Economics
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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Turkey aims to achieve carbon neutrality by 2053, transforming key sectors of its economy in line with a vision of "net-zero emissions and green development," President Recep Tayyip Erdogan announced at COP29 in Baku on Monday.
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