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
-
The safety of metro passengers is a top priority, Vusal Aslanov, Chairman of “Baku Metro” CJSC, told journalists citing the transport system’s handling of 229-230 million passengers in 2024.
-
New data reveal dramatic increases in both foreign arrivals and Azerbaijani departures, highlighting the country’s evolving role as a regional travel hub. In a striking demonstration of its growing global connectivity, Azerbaijan saw a significant surge in international arrivals during 2024. According to figures released by the State Border Service, the country welcomed approximately 2.63 million non-citizen visitors—a 25.9% increase over the previous year—representing travelers from 196 countries. The latest data underscore Azerbaijan’s escalating prominence on the international stage, both as a destination and a departure point.
-
Global food prices decreased in 2024, but Azerbaijan bucked the trend, recording a rise in food expenditures. Experts believe this necessitates urgent expansion of agricultural production to safeguard the domestic market.
-
Italy, one of the European Union's largest economies, solidified its position as a key importer of Azerbaijani natural gas in 2024, despite a notable decline in domestic gas consumption. The country imported 58.7 billion cubic meters (bcm) of natural gas, meeting most of its annual demand of 61.7 bcm—a 2.5% drop compared to 2023. This data, reported by the Italian energy market regulator GME, highlights shifts in Italy’s energy sourcing and consumption patterns.
Leave a review