SOCAR Aims to Expand Trading Operations in Romania Through Subsidiary

The Asian Infrastructure Investment Bank (AIIB) has announced the size of its first allocated loan for renewable energy projects in Azerbaijan.

In Azerbaijan, debates are ongoing about the feasibility of hosting the UN Climate Conference COP29 in Baku. Azerbaijani critics argue that the event could place a heavy burden on the country's budget, with rumors circulating that the recent increase in fines for traffic violations and a surge in such penalties aim to fill the budget gap left by COP29 expenses.

In an exclusive interview with Turan, Javid Abdullayev, Director of the State Agency for Renewable Energy (AREA) under Azerbaijan’s Ministry of Energy, detailed the stages for constructing offshore wind farms in the Azerbaijani sector of the Caspian Sea by 2040.

Azerbaijan's Economy Minister Mikayil Jabbarov held discussions with Jérôme Beaumont, Executive Secretary of the Egmont Group, a financial intelligence organization, during the COP29 conference.