Russian Energy Minister Alexander Novak at the meeting of the intergovernmental commission of Russia and Iran said Moscow's desire to carry out the project of interconnection of the energy systems of Russia, Azerbaijan and Iran, Rosbalt reported.
"We consider it appropriate to resume the activities of the Tripartite Working Group on Interconnection to conduct feasibility studies on the connection of the energy systems," he said.
The merger of energy networks of the three countries was signed in 2004 and the relevant commission was created, but it did not go further.
With the removal of international sanctions against Iran, the project is re-actualized.
Azerbaijan has expressed its interest in it and is ready for its implementation, including the technical issues. According to Deputy Energy Minister Natig Abbasov, "Azerbaijan has the necessary infrastructure to both receive and transmit the electricity," he said.
The electricity sector in Azerbaijan is developed and consists of 14 thermoelectric power plants and more than 10 hydroelectric power plants.
Azerbaijan and its project partners will be able not only to exchange electricity, but also to serve as a transit corridor. -02D-
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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