More than 1150 Students Interned at SOCAR This Year

The State Oil Fund of Azerbaijan (SOFAZ) reported revenues of $364.465 million from the “Shah Deniz” gas field in the Caspian Sea's Azerbaijani sector from January to September this year, this is by $818.535 million or 3.2 times lower than the same period in 2023.

European Union (EU) countries increased their gas imports from Azerbaijan by 5.5% in the period from January to July 2024, totaling 297,765 terajoules (TJ) compared to the same period last year.

Currently, 11 vessels are being constructed at the Baku Shipyard under contracts with the Azerbaijan Caspian Shipping Company (ASCO). The total contract value for these orders is $260.2 million.

The undersea electricity cable project across the Black Sea is set to be completed by 2030. Georgian Prime Minister Irakli Kobakhidze announced this during the presentation of the ruling party "Georgian Dream's" pre-election program. He noted that the 1155 km underwater cable will facilitate electricity exports to Europe and provide high-speed digital communication.