German E.ON company has opened its office in Baku, reported SOCAR.
The same source said that the session of the SOCAR and E.ON Coordination Committee took place in Baku on Thursday.
At the session SOCAR President Rovnag Abdullayev has positively assessed cooperation between the two companies. He expressed interest in cooperation with E.ON, especially considering SOCAR’s plans to implement such big international projects as TANAP, TAP and etc.
Various presentations have been held and the protocol has been signed during the Committee session.
E.ON Se is the biggest German energy company with the headquarters based in Dusseldorf.
On September 19, 2013 SOCAR and E.ON signed the contract to purchase-sell gas extracted from the Shah-Deniz Phase 2 during 25 years beginning from 2019. German company will buy Azeri gas from the trans-Adriatic pipeline (TAP) for its energy projects in Italy. E.ON is also the shareholder of TAP, in which it owns 9%.—0—
Economics
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In recent months, an increase in the price of butter has been observed in Azerbaijan. Notably, this is the third price hike within a year. According to consumers, certain brands of butter that cost 19 manats per kilogram at the end of last year are now being sold for 24 manats, marking a nearly 30% increase.
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Azerbaijan has signed an "Agreement on Project Implementation" with China’s BYD Company Limited (BYD) to establish a domestic production line for electric buses, officials announced.
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Russia has reduced its greenhouse gas emissions by more than twofold from the 1990 baseline, Russian Prime Minister Mikhail Mishustin announced at the COP29 climate summit.
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Georgian Prime Minister Irakli Kobakhidze announced that Georgia will present its updated Nationally Determined Contribution (NDC 3.0) by 2025, signaling the country’s renewed climate ambitions during his speech at the COP29 summit in Baku on Wednesday.
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