The XIII professional conference “New Russia. New Energy” will take place in Baku from September 23 through September 25.
The conference is organized by the non-commercial partnership Council of Energy Producers.
“The conference will help to develop international ties in field of electric energy in the interests of the CIS member-states. The program of the conference includes the sessions on the urgent issues of thermal energy, fixing common demands to the energy system and the perspectives of electric energy development.”
The representatives of Russian state agencies, top managers and heads of the companies-members of the Council of Energy Producers, which unites all biggest thermal generating companies of Russia, will take part at the conference.--0—
Economics
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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