Energy
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On October17, President of Azerbaijan Ilham Aliyev signed a decree to abolish the State Contract Corporation - JSC "Azercontract" and to regulate the ensuing matters. According to the decree, the powers of the State Contract Corporation JSC "Azеrcontract" in the area of purchasing natural gas from producers in the domestic market of the Republic of Azerbaijan, organizing its transportation, distribution within the country, and selling to consumers will be transferred to the State Oil Company of the Azerbaijan Republic (SOCAR).
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The State Oil Company of Azerbaijan (SOCAR) held discussions with the American company Chevron regarding decarbonization, production, and transportation. According to SOCAR's press service, the meeting took place on October 16 between the company's president Rovshan Najaf and the managing director of Chevron's Eurasian business unit, Derek Magness. During the meeting, the parties also exchanged views on strengthening mutually beneficial cooperation between the companies.
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Ukraine has proposed Azerbaijan, the gas exporter, and Slovakia, the buyer, a new scheme for the supply of Russian gas to Europe through its territory, "RBK Ukraine" reported citing sources. According to the publication, a variant is currently being discussed where gas would be stored in Ukrainian underground storage facilities with subsequent delivery to Slovakia or other countries. As a result, such deliveries would be considered re-export rather than transit.
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For the first time in its history, the British company BP has conducted core sampling under reservoir conditions at the Azeri-Chirag-Guneshli (ACG) block in the Azerbaijani sector of the Caspian Sea. According to a statement from BP-Azerbaijan, the company utilized innovative technologies to carry out the core sampling operation under reservoir conditions at the ACG block.
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