Yesterday SOCAR put into operation the trial experimental base under Neftqazelmitedqiqatlayiha Institute.
According to SOCAR, the base equipped with new modern equipment is located on the area of 2.1 hectares in Baku’s Surakhani district.
The base will be used to manufacture various reagents and well equipment. The workshop for reagents manufacture and the production site are located here as well. The capacity of the workshop is 30 tons of products a day. The closed zone for manufacture of various tools used for wells development and repair is also located on the territory of the base.—0—
Economics
-
The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
-
At the COP29 event titled "Climate Finance Landscape in the South Caucasus and Central Asia" held on November 14, Roland Price, Regional Director of the World Bank for the South Caucasus, highlighted the substantial economic and environmental damage faced by the countries of the South Caucasus, which she estimated at around $100 million annually.
-
SOCAR Green, a subsidiary of the State Oil Company of Azerbaijan (SOCAR), has signed a series of agreements at the COP29 summit aimed at bolstering the development of renewable energy sources, enhancing energy efficiency, and promoting sustainable growth in Azerbaijan.
-
The Islamic Development Bank (IsDB) is stepping up its efforts to mobilize Islamic banking resources in the fight against climate change, President of the IDB Muhammad Sulaiman Al Jasser said on Thursday during a roundtable at COP29.
Leave a review