During 10 months, 2013 gas production by Gasprom increased by 0.2% against the same period last year and totaled 391,070,000,000 cub.m. based on the international standards of the financial accountability, reads the materials of the Central Dispatcher Department of the fuel and energy sector.
During 10 months, 2013 gas extraction by NOVATEC increased by 5.4% up to 51,075,000,000 cub.m., by Rosneft – by 3.8% up to 36,944,000,000 cub.m, by LUKoil – by 8.3% up to 15,047,000,000 cub.m., by Gasprom Oil – by 33.6% up to 11,476,000,000 cub.m., by Tatneft – by 1.6% up to 732,100,000 cub.m., by Bashneft – by 20% up to 395,500,000 cub.m. and by Russneft – by 5% up to 1,323,000,000 cub.m. During 10 months, 2013 Surgutneftegas decreased gas production by 1.8% to 10,084,000,000 cub.m., reported http://www.biztass.ru.--0--
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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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.
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