Azerbaijan prepares to attract major foreign loans to strengthen the country’s energy system

Energy supply is a clear demonstration that national security is closely linked to energy security, President of Azerbaijan Ilham Aliyev  stated on September 6 in Italy, during a session titled "Azerbaijan's Role in New Geopolitical Conditions" at the International Cernobbio Forum.

Azerbaijan is currently negotiating gas supplies to three more European countries, President Ilham Aliyev  said on September 6 in Italy during a session titled "Azerbaijan's Role in New Geopolitical Conditions" at the International Cernobbio Forum.

Last Friday, Azerbaijan’s State Oil Company (SOCAR) and the American oilfield services company Halliburton agreed to collaborate on re-evaluating the remaining hydrocarbon potential of the shallow part of the "Guneshli" field (developed by SOCAR’s “Azneft” production association, while the deepwater part has been operated by bp since 2008).

Repairs at the “Kashagan” oil and gas field will begin on October 3, 2024, the press service of Kazakhstan's Ministry of Energy. "The Ministry confirms that the repairs at the Kashagan field will be carried out according to schedule, starting from October 3," the statement said.