From January to March 2016 State Oil Company of Azerbaijan (SOCAR) exported 599,600 tons of Azerbaijani oil transported via the Baku-Supsa oil pipeline from the Supsa terminal.
SOCAR press office reported that in quarter 1, 2015 SOCAR exported 762,029 tons of oil from the Supsa port. Thus, from January to March 2016 SOCAR’s oil shipment from the Supsa port decreased by 21.4%.
Oil extracted from the Chirag field, which is developed by BP-Azerbaijan company, is exported to the world markets via the Baku-Supsa pipeline.
* In 2015 SOCAR exported 2,794,905 tons of oil from the Supsa port.—0—
Economics
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Azerbaijani state power company Azerenerji, SOCAR Trading, and Italy's Ansaldo Energia have signed a trilateral agreement on carbon credits, Azerenerji announced on Friday.
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The SOCAR-UNIPER joint venture inaugurated a 65 MW steam generator unit at the "Ethylene-Polyethylene" plant on Friday as part of activities held during COP 29. The project, aimed at boosting energy efficiency, is a significant milestone for the joint efforts of SOCAR and UNIPER in Azerbaijan’s chemical industry.
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French energy giant TotalEnergies is considering participation in solar and wind power projects in the Nakhchivan Autonomous Republic of Azerbaijan, a move discussed during talks in Baku on November 15 between TotalEnergies CEO Patrick Pouyanné and Azerbaijani government officials.
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Azerbaijan's Ministry of Energy, China Energy Overseas Investment Co. Ltd., and SOCAR Green LLC have signed an agreement to implement a 160 MW solar power project in the Fizuli district, Economy Minister Mikayil Jabbarov announced on social media on Wednesday.
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