This year oil production in Russia will total 517 million tons, according to the preliminary information, Mikhail Gryaznov, chief of the Ministry of Energy’s Department, said at the conference Russian Oil and Gas Industry.
He said the production growth has been ensured at the expense of growth of investments into the field and a successful implementation of the mechanism 60-66 has allowed satisfying the growing demand in fuel.
It has been earlier reported that the Ministry of Energy planned the oil production at 515 million tons, reported http://itar-tass.com.--0--
Economics
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Rashad Huseynov has been appointed as the new director of the Center for Agricultural Research under the Ministry of Agriculture, replacing Firdousi Fikretzade who led the center since 2019. Fikretzade stepped down from his position on June 10 at his own request.
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Since July 1, bus and metro fares have increased by 10 qəpik, reaching 50 qəpik. The fare for buses on the Baku-Sumgayit route has risen from 60 qəpik to 70 qəpik. However, it is reported that there has been no improvement in service quality following the price increase. According to complaints, air conditioners are not working on buses operating in the periphery, and overcrowding persists.
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Rovshan Najaf, President of the State Oil Company of the Republic of Azerbaijan (SOCAR), held a meeting with Bojan Kumer, Slovenia's Minister of Environment, Climate and Energy, to discuss bilateral cooperation in the energy sector.
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Azerbaijani Energy Minister Parviz Shahbazov met with a delegation led by the World Bank's Regional Director for the South Caucasus, Roland Price, to discuss the development of cooperation in the energy sector.
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