Nine Vessels Being Built for SOCAR at the Baku Shipyard

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.

From January to September this year, over 1150 students interned at the State Oil Company of Azerbaijan (SOCAR), SOCAR President Rovshan Najaf announced during a panel discussion titled "Synergy Turning Knowledge into Value" at the Education Development Forum. He emphasized that collaboration between industry and academia can occur in several areas, stating that educational institutions are a source of human capital for industries.

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.