The 21st international conference Caspian Oil & Gas will take place tomorrow. The conference will first time take place at Mariott Absheron hotel.
Over 500 delegates from 30 world countries are expected to take part at the conference. The program of the conference includes speeches of over 50 representatives of state agencies, leading experts of the oil and gas industry and heads of big oil and gas companies.
The program of the conference includes the following topics: “Azerbaijan’s role in energy deliveries in Eurasia,” “International Cooperation to Ensure Growth of Production and Diversification of Deliveries,” “Diversification of Oil and Gas Transportation from Caspian Sea region,” “Stable Development of Big Oil & Gas Projects: Formation of Gas Prices and Long-Term Contracts,” “Geological Exploration and Potential for Expanding Hydrocarbon Resources of Azerbaijan,” “Review of Petrochemistry and Oil Refining in Azerbaijan and Perspectives of Development” and etc.
The international cooperation as a part of the Shah-Deniz Phase 2 development, construction of trans-Anadolu (TANAP) and trans-Adriatic (TAP) pipelines, innovations in construction of offshore platforms, drilling rigs and offshore pipelines, new projects both in the extracting industry and transportation of oil and gas resources in the Caspian Sea region will be also discussed at the conference.
The conference will end on June 5, 2014.—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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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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