In January 2014 State Oil Company of Azerbaijan (SOCAR) exported 1,999,000 tons of oil to the world markets via three routes – Baku-Novorossiysk, Baku-Tbilisi-Ceyhan and Baku-Supsa.
According to SOCAR, 84,739 tons of oil was exported via the Baku-Novorossiysk pipeline. SOCAR’s deliveries via the export pipeline Baku-Tbilisi-Ceyhan (BTC) totaled 1,592,000 tons. In January 2014 SOCAR exported 322,996 tons of oil to the foreign markets via the export route. Profitable oil of Azerbaijan and SOCAR in the Azeri-Chirag-Guneshli (ACG) project was exported via the BTC and Baku-Supsa. Oil extracted from SOCAR’s fields is delivered to the Russian port Novorossisk.—0--
Economics
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In 2024, Europe will receive approximately 12.5 billion cubic meters of gas from Azerbaijan, with the list of buyers expanding to 12 countries. Speaking at an energy forum in Istanbul on Friday, SOCAR President Rovshan Najaf announced that cooperation with a 12th, new gas buyer would begin in December.
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Azerbaijan and Israel have agreed to establish a working group on the development of cooperation in the field of transport, Minister of Digital Development and Transport Rashad Nabiyev said on Friday on the social network "X".
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Discussions on "green energy" were held on November 22 in Istanbul, during the energy forum, involving Turkey's Minister of Energy and Natural Resources Alparslan Bayraktar, Georgia's First Deputy Prime Minister and Minister of Economy and Sustainable Development Levan Davitashvili, Bulgaria's Minister of Energy Rumen Radev, and Azerbaijan's Minister of Energy Parviz Shahbazov.
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A meeting between Azerbaijan's Minister of Energy Parviz Shahbazov, Turkey's Minister of Energy and Natural Resources Alparslan Bayraktar, and Bulgaria's Minister of Energy Vladimir Malinov took place on November 22 in Istanbul, within the framework of the international energy forum, according to Azerbaijan's Ministry of Energy.
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