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Aliyev hopes for the early start of the supply of "green" electricity from Azerbaijan to Europe
Baku/10.03.23//Turan: Azerbaijani President Ilham Aliyev hopes for the early start of the supply of "green" electricity from Azerbaijan to Europe. Following talks with Latvian President Egils Levits in Baku on March 8, he said that "Azerbaijan is becoming a more important partner for the European Union in terms of energy supplies." "The European Commission has always considered us as a reliable partner," the head of the Azerbaijani state stressed.
"Today we export oil, natural gas, petrochemical products, petroleum products to Europe. I hope we will start exporting green energy soon," Aliyev said.
On December 17, 2022, Azerbaijan, Georgia, Romania, and Hungary signed in Bucharest an agreement on strategic partnership for the construction of an underwater electric cable Black Sea Energy with a capacity of 1,000 MW and a length of 1,195 km. The cable will be intended for the supply of "green" electricity produced in Azerbaijan through Georgia and the Black Sea to Romania for subsequent transportation to Hungary and the rest of Europe.
At the moment, work on the project is at the stage of developing a feasibility study, which is scheduled to be completed in September 2023. –0-
Energy
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According to the results of the first quarter of 2024, oil production volumes at the Azeri-Chirag-Guneshli offshore block (ACG) decreased by 3.89 million barrels or 525 thousand tons, amounting to 30.85 million barrels (4.17 million tons), the quarterly report of bp-Azerbaijan”, which is the operator of the ACG development.
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According to the results of the first quarter of this year, the State Oil Company of Azerbaijan (SOCAR) produced 1.9 million tons of oil and 2 billion cubic meters of gas, the SOCAR report. The report shows that compared to the same period last year, SOCAR's oil production decreased by 1.9%, and gas production decreased by 9.9%. During this period, the reduction in drilling operations amounted to 2,068 meters, amounting to 17 thousand 664 meters.
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The State Oil Company of Azerbaijan (SOCAR) and the Saudi Arabian company ACWA Power will prepare a feasibility study to assess the potential for the production and sale of "green fertilizers". According to Saudi media, ACWA Power will lead the development of renewable energy sources and the production of "green hydrogen" within the framework of this cooperation. The company is also involved in the construction of a 240-megawatt wind farm in Azerbaijan with a total investment value of 345 million US dollars, which will become the largest in the “Absheron-Khizi” region.
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On May 10, President of the Republic of Azerbaijan Ilham Aliyev took part in the opening of the small hydroelectric power plants “Zabukh” and “Garygyshlag” of “Azerenergy” OJSC (state monopolist in the production and transportation of electricity in Azerbaijan) in the Lachin region. The head of JSC Baba Rzayev informed the head of state that 72 small hydroelectric power plants with a total capacity of 467 MW will operate in the Karabakh and East Zangezur economic regions of Azerbaijan by 2030.
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