Rosneft has applied to the Russian Ministry of Natural Resources for three sections on the Caspian Sea shelf, Russian Minister of Natural Resources Sergei Donskoy told journalists. He specified that these are Derbent, Dmitrovsk and Chkhen-More sections, write Vedomosti quoting Interfax.
He said Rosneft has accelerated work on the applications and this week the Ministry of Natural Resources has already submitted the proposals to the government. Donskoy added that the sections could be submitted to them for use till the end of the year under good concourse of circumstances, reported http://rusenergy.com.--0--
Economics
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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Turkey aims to achieve carbon neutrality by 2053, transforming key sectors of its economy in line with a vision of "net-zero emissions and green development," President Recep Tayyip Erdogan announced at COP29 in Baku on Monday.
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