Kazakhstan More Than Doubles Excise Tax on Imported Gasoline from December 11

Azerbaijan has significant potential in renewable energy and continues to invest in this area, the Chairman of the Milli Majlis (Parliament) Committee on Natural Resources, Energy, and Ecology, Sadig Gurbanov,  stated yesterday at the first plenary session of the spring session of parliament. According to him, the technical potential for renewable energy is estimated at 135 GW on land and 150 GW at sea.

The Milli Majlis (Parliament) of Azerbaijan approved the agreement on strategic partnership between Azerbaijan, Kazakhstan, and Uzbekistan in the development and transmission of green energy. This issue was discussed yesterday during the first plenary session of the 2025 spring session of the Milli Majlis.

The procedures for registering the Green Energy Corridor Power Company (GECO Power Company) have been completed in Bucharest, Romania. The company will manage the Black Sea underwater energy cable project, which aims to supply green energy from Azerbaijan to Georgia and onward to Europe, the Ministry of Economy and Sustainable Development of Georgia reported. The company, created by the system operators of Georgia, Azerbaijan, Romania, and Hungary, will oversee the creation of the green corridor.

Yesterday, the U.S. Senate approved the nomination of Chris Wright as Secretary of Energy, CNN reported. Wright was born on January 15, 1965, in the U.S. state of Colorado. He studied mechanical engineering and later electrical engineering at one of the most prestigious American institutions, the Massachusetts Institute of Technology (MIT).