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Baku and Abu Dhabi will explore the possibilities of producing sustainable aviation fuel
Baku and Abu Dhabi will explore the possibilities of producing sustainable aviation fuel
Azerbaijan and the UAE signed 4 documents in the energy sector in Baku yesterday, the press service of the Ministry of Energy of Azerbaijan. The Memorandum of Understanding between the Ministry of Energy of Azerbaijan and the Ministry of Investments of the UAE provides for the creation of a framework for investment cooperation in the energy sector.
The Memorandum of Strategic Cooperation provides for cooperation and the study of investment opportunities for projects for the construction of onshore solar power plants with a capacity of 2 GW, wind power plants with a capacity of 2 GW, construction of offshore wind farms with a capacity of 6 GW, as well as in such new areas as projects of "solar roofs", production of "green hydrogen", "green ammonia", synthetic methane, sustainable aviation fuel and green energy exports.
The roadmap for the construction of onshore solar and wind power plants with a capacity of 1 GW in Azerbaijan provides for measures to be implemented in 2024-2027 for the construction of one WPP and two SES in Azerbaijan.
In addition, SOCAR and Abu Dhabi National Oil Company (ADNOC) have signed an agreement on strategic cooperation. --0--
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- Finance
- 10 January 2024 08:00
Energy
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Türkiye is ready to sell more gas to the European Union, but wants long-term commitments to justify investments in infrastructure, Turkish Minister of Energy and Natural Resources Alparslan Bayraktar told Bloomberg. The minister added that Türkiye also prefers to do without complex swap operations, which the EU insists on, in order to avoid Russian gas supplies.
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In January-June of this year, 25 billion 79.6 mcm of natural gas were produced in Azerbaijan. The share of commercial natural gas accounted for 19 billion 141.1 mcm, the State Statistics Committee of the Republic of Azerbaijan. During the reporting period, natural gas production increased by 3.4% compared to the same period last year, and commercial gas production increased by 5.3%.
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In January-June of this year, 715.3 thousand tons of gasoline were produced in Azerbaijan, by 2.1% more than the same period in 2023, the report of the State Statistical Committee of Azerbaijan. In general, in the first half of this year, the total cost of oil products production in Azerbaijan amounted to 2,459.4 million manats, by 1.9% more than in the same period in 2023.
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Azerbaijan and Israel discussed projects in the field of "green energy", Energy Minister Parviz Shahbazov wrote on the social network "X". He noted that at the meeting with Israeli Minister of Regional Cooperation David Amsalem, the developing cooperation in the hydrocarbon sector, projects implemented in Azerbaijan in the field of production and export of renewable energy, as well as prospects for strengthening bilateral energy ties were discussed.
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