EBRD to allocate $105 million for the construction of a wind farm in Azerbaijan

Turkmen natural gas supplies to Türkiye will begin on March 1, 2025, Türkiye's Minister of Energy and Natural Resources, Alparslan Bayraktar, announced on the social media platform X.

Turkmenistan's natural gas production in 2024 amounted to 77.6 bcm, while crude oil extraction reached 8.3 million tons,  the head of Turkmenistan's State Statistics Committee, Dowletgeldi Amanmuhammedov, announced at a government meeting. However, the official did not provide a comparison with 2023, but emphasized that the country's industry is showing steady growth. Amanmuhammedov also added that in 2024, the production of bitumen increased by 10.2%, gasoline by 4.8%, fuel oil by 8.2%, and diesel by 0.6% compared to the previous year.

The Baltic States completed the synchronization of their electrical systems with the continental European grid on February 9,  the Estonian Public Broadcasting Company ERR reported.

The British oil and gas company BP has joined the list of European companies that reported a loss in Q4 of 2024. The company reported a loss of $1.959 billion for the period from October to December 2024, compared to a profit of $371 million for the same period in 2023. At the same time, BP’s adjusted profit fell to a four-year low, reaching $1.169 billion compared to $2.991 billion the previous year.