During 9 months, 2014 BP and its partners in the ACG have increased the volume of associated gas, which is extracted together with oil from the offshore bloc, handed over to the Azerbaijani side.
Gordon Birrell, BP-Azerbaijan President, told journalists that from January to September 2014 the consortium handed over 2 billion cub.m. of associated gas to State Oil Company of Azerbaijan (SOCAR).
Turan reported that during 9 months, 2013 SOCAR received 1.62 billion cub.m. of associated gas from the consortium within the ACG project.
According to the conditions of the Contract of the Century, associated gas is handed over to Azerbaijan free of charge.
* According to SOCAR, during 2013 Azerbaijani population consumed 2.23 billion cub.m. of gas.—0-
Economics
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The Green Climate Fund (GCF), an operating entity of the financial mechanism of the UN Framework Convention on Climate Change (UNFCCC) and the body responsible for implementing the Paris Agreement, has included Azerbaijan for the first time in its list of countries eligible for funding.
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The International Telecommunication Union (ITU), the Permanent Mission of the Republic of Azerbaijan to the UN Office in Geneva and the Ministry of Digital Development and Transport organized for the heads of about 30 diplomatic missions accredited in Geneva a special briefing on the initiative "Green Digital Action", which will be presented during COP29 in November in Baku, the Ministry of Digital Development and Transport of Azerbaijan reported.
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As a member of the International Renewable Energy Agency (IRENA) Council, Azerbaijan participated in the 28th meeting of this Council in Abu Dhabi (UAE).
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Azerbaijan’s imports of animal and vegetable fats and oils climbed 23.9% by weight and 16.2% by value from January to September 2024, official data revealed. Despite the uptick in volume, the import cost of these products saw a decrease compared to the same period last year, with the cost per ton of vegetable oil falling by 6.1% to $1,199.6 in 2024, down from $1,278.6 in 2023.
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