In January and February 2015 State Oil Company of Azerbaijan (SOCAR) exported 423,264 tons of crude oil from the Supsa port. This is down 16.7% against the same period last year.
SOCAR reported that in February 2016 SOCAR exported 169,215 tons of crude oil from the Supsa port, down 33% against February 2015.
The index of SOCAR’s exported crude oil includes oil owned by the state and the company.
Oil extracted from the Azeri-Chirag-Guneshli fields is exported from the Supsa port.—0—
Economics
-
The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
-
At the COP29 event titled "Climate Finance Landscape in the South Caucasus and Central Asia" held on November 14, Roland Price, Regional Director of the World Bank for the South Caucasus, highlighted the substantial economic and environmental damage faced by the countries of the South Caucasus, which she estimated at around $100 million annually.
-
SOCAR Green, a subsidiary of the State Oil Company of Azerbaijan (SOCAR), has signed a series of agreements at the COP29 summit aimed at bolstering the development of renewable energy sources, enhancing energy efficiency, and promoting sustainable growth in Azerbaijan.
-
The Islamic Development Bank (IsDB) is stepping up its efforts to mobilize Islamic banking resources in the fight against climate change, President of the IDB Muhammad Sulaiman Al Jasser said on Thursday during a roundtable at COP29.
Leave a review