For First Time in Five Months Number of Drilling Rigs in World Increased

Slovak President Peter Pellegrini will visit Azerbaijan in the coming days, the head of state announced this during a conversation with journalists on October 24, according to Slovak media.

As of September 30, 2024, the assets of the State Oil Fund of Azerbaijan (SOFAZ) have increased by 9.4% compared to the beginning of 2024. According to SOFAZ's report, the Fund's assets reached $61.7 billion by the end of September this year, up from $56.4 billion at the start of the year.

The European Bank for Reconstruction and Development (EBRD) plans to invest approximately $200 million in the "Khizi-Abseron" wind power project, Javid Abdullayev, director of the State Agency for Renewable Energy Sources (AREA) under the Ministry of Energy of Azerbaijan announced.

The commissioning of the "Khizi-Abseron" wind power station is planned for the fourth quarter of 2025, Javid Abdullayev, director of the State Agency for Renewable Energy Sources, informed journalists.