Gazprom Opens Representative Office in Azerbaijan - Issue Coordinated by Board of Directors
Baku / 25.09.17 / Turan: The Board of Directors of Gazprom on October 2 in an absentia form will agree on the opening of a representative office of the Russian company in Azerbaijan, Interfax reported. The purpose of opening a representative office is not reported.
Gazprom supplied gas to Azerbaijan from 2000 to 2006. Then supplies were stopped in connection with the launch of the Shah Deniz field.
In 2010, Azerbaijan started gas deliveries to Russia. This gas was supplied to the Dagestan autonomous republic. In 2013 and 2014, Azerbaijani gas supplies to Russia were repeatedly interrupted in connection with repair work. In 2015, no deliveries were made. In 2015, there were attempts to adjust the supply of Russian gas to the Azerbaijan Methanol Plant (AzMeCo). Negotiations on the supply of Russian gas to Azerbaijan are also conducted with the State Oil Company of Azerbaijan (SOCAR). -06D--
Energy
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From January to May 2024, Azerbaijan imported 616.2 thousand tons of oil Russia, a third more compared to last year, Interfax reports. In monetary terms, the cost of imported Russian oil has also risen by almost a third — to $339 million. In total, Azerbaijan purchased 742.3 thousand tons of black gold in the first five months of this year (+18% compared to January-May 2023) for $416 million. Thus, Russia's share in Azerbaijani crude oil imports amounted to 83%.
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1.11 billion barrels of oil were produced from the “Central Azeri” platform, commissioned in February 2005, as part of the full-scale development of the Azeri-Chirag-Guneshli (ACG) field, by July 1, 2024, the State Oil Company of Azerbaijan (SOCAR), which has a 25 percent share in the ACG project.
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Yesterday, Azerbaijani Economy Minister Mikail Jabbarov held a meeting with Ahmed Moalim Figi, Somali Minister of Foreign Affairs and International Cooperation. They discussed issues related to bilateral economic relations between the countries and potential partnership opportunities in the energy sector. The parties stressed the expediency of establishing mutually beneficial economic ties between the two countries, expanding the contractual and legal framework in order to support the development of relations, as well as exchange of experience in areas of mutual interest.
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Azerbaijani gas supplies to Serbia may be increased in the foreseeable future, the parties are currently discussing this issue, the Minister of Labor and Social Protection of the Population of Azerbaijan Sahil Babayev told journalists.
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