Industrial group with capital of over 300 million manats created

The State Oil Company of Azerbaijan (SOCAR), through one of its trading subsidiaries — SOCAR Trading, is seeking a license from the Romanian regulator to conduct trading operations in the country, an informed source exclusively told Turan.

In an exclusive interview with Turan, Javid Abdullayev, Director of the State Agency for Renewable Energy (AREA) under Azerbaijan’s Ministry of Energy, detailed the stages for constructing offshore wind farms in the Azerbaijani sector of the Caspian Sea by 2040.

Azerbaijan's Economy Minister Mikayil Jabbarov held discussions with Jérôme Beaumont, Executive Secretary of the Egmont Group, a financial intelligence organization, during the COP29 conference.

November 16 (Reuters) - Azerbaijan’s Minister of Economy, Mikayil Jabbarov, met with Marco Arcelli, CEO of Saudi Arabia’s ACWA Power, during the COP29 climate summit to review the progress of joint projects in renewable energy.